Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Bought by Nvwm LLC

Nvwm LLC lifted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 26,794.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,860 shares of the company’s stock after acquiring an additional 22,775 shares during the quarter. Nvwm LLC’s holdings in Robinhood Markets were worth $852,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HOOD. Allspring Global Investments Holdings LLC raised its holdings in Robinhood Markets by 1,211,858.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company’s stock worth $89,410,000 after purchasing an additional 3,817,355 shares during the last quarter. Azora Capital LP acquired a new position in shares of Robinhood Markets during the 3rd quarter worth $79,780,000. FMR LLC raised its stake in shares of Robinhood Markets by 31.3% during the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company’s stock worth $330,914,000 after buying an additional 3,368,118 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Robinhood Markets by 486.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,788,666 shares of the company’s stock worth $103,906,000 after buying an additional 2,313,213 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Robinhood Markets by 19.5% in the 3rd quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company’s stock valued at $271,708,000 after acquiring an additional 1,895,427 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Activity at Robinhood Markets

In related news, Director Meyer Malka sold 105,875 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.00, for a total transaction of $3,176,250.00. Following the sale, the director now directly owns 28,930,243 shares in the company, valued at approximately $867,907,290. This trade represents a 0.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $47.82, for a total value of $280,990.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,938,436 shares of company stock worth $161,862,969. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $52.58 on Wednesday. Robinhood Markets, Inc. has a 12 month low of $10.51 and a 12 month high of $53.51. The company has a market cap of $46.48 billion, a price-to-earnings ratio of 89.12, a price-to-earnings-growth ratio of 0.70 and a beta of 2.13. The stock’s 50-day moving average is $42.49 and its 200-day moving average is $30.59.

Analysts Set New Price Targets

A number of brokerages have issued reports on HOOD. Citigroup lifted their target price on shares of Robinhood Markets from $25.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Piper Sandler upped their target price on Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Sanford C. Bernstein raised their price target on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Robinhood Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $20.00 to $43.00 in a research report on Tuesday, January 7th. Finally, Raymond James assumed coverage on Robinhood Markets in a research report on Wednesday. They set a “market perform” rating for the company. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.73.

Robinhood Markets Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.