Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lifted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 451,577 shares of the company’s stock after purchasing an additional 86,186 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Robinhood Markets were worth $16,826,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in Robinhood Markets in the fourth quarter valued at $26,000. True Wealth Design LLC bought a new position in shares of Robinhood Markets during the third quarter worth about $30,000. Silicon Valley Capital Partners bought a new position in shares of Robinhood Markets during the fourth quarter worth about $37,000. Bogart Wealth LLC bought a new position in Robinhood Markets in the 4th quarter valued at about $37,000. Finally, Spire Wealth Management grew its position in Robinhood Markets by 104.6% in the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock valued at $40,000 after buying an additional 549 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HOOD has been the subject of a number of recent analyst reports. Mizuho increased their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. JMP Securities raised their price objective on shares of Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a research report on Thursday, February 13th. Morgan Stanley raised their price objective on shares of Robinhood Markets from $64.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Piper Sandler raised their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and raised their price objective for the company from $40.00 to $46.00 in a research report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.53.

Insider Buying and Selling

In other news, Director Meyer Malka sold 64,951 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $49.64, for a total value of $3,224,167.64. Following the sale, the director now owns 3,235,585 shares in the company, valued at approximately $160,614,439.40. The trade was a 1.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $37.51, for a total value of $11,253,000.00. Following the sale, the insider now directly owns 806,955 shares of the company’s stock, valued at $30,268,882.05. This represents a 27.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,165,788 shares of company stock valued at $149,293,178. 19.95% of the stock is owned by company insiders.

Robinhood Markets Trading Up 4.1 %

Shares of HOOD stock opened at $48.12 on Thursday. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The firm’s fifty day simple moving average is $48.84 and its 200 day simple moving average is $35.57. The firm has a market capitalization of $42.61 billion, a P/E ratio of 30.65, a price-to-earnings-growth ratio of 1.05 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Robinhood Markets Company 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.