2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. raised its holdings in shares of Robinhood Markets, Inc. ( NASDAQ:HOOD – Free Report ) by 80.
6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 252,766 shares of the company’s stock after acquiring an additional 112,807 shares during the period. Envestnet Asset Management Inc.
’s holdings in Robinhood Markets were worth $9,418,000 at the end of the most recent reporting period. A number of other large investors also recently made changes to their positions in HOOD. Dorsey & Whitney Trust CO LLC raised its holdings in Robinhood Markets by 2.
4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company’s stock worth $368,000 after acquiring an additional 233 shares in the last quarter. First Horizon Advisors Inc.
grew its stake in shares of Robinhood Markets by 7.8% in the fourth quarter. First Horizon Advisors Inc.
now owns 3,822 shares of the company’s stock valued at $142,000 after buying an additional 277 shares in the last quarter. Spire Wealth Management increased its holdings in Robinhood Markets by 104.6% during the fourth quarter.
Spire Wealth Management now owns 1,074 shares of the company’s stock worth $40,000 after buying an additional 549 shares during the last quarter. Allworth Financial LP raised its position in Robinhood Markets by 130.7% during the fourth quarter.
Allworth Financial LP now owns 1,135 shares of the company’s stock worth $42,000 after acquiring an additional 643 shares in the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new stake in Robinhood Markets in the fourth quarter valued at $26,000. Institutional investors and hedge funds own 93.
27% of the company’s stock. Wall Street Analysts Forecast Growth A number of equities research analysts have recently issued reports on HOOD shares. Morgan Stanley cut shares of Robinhood Markets from an “overweight” rating to an “equal weight” rating and set a $40.
00 target price on the stock. in a report on Tuesday, April 8th. KeyCorp boosted their target price on Robinhood Markets from $57.
00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Barclays cut their price target on Robinhood Markets from $76.
00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Robinhood Markets from $75.
00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co.
upped their price target on shares of Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th.
Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.06.
Insider Buying and Selling In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $51.
60, for a total transaction of $1,290,000.00. Following the sale, the insider now directly owns 706,642 shares of the company’s stock, valued at $36,462,727.
20. The trade was a 3.42 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $46.
81, for a total transaction of $273,978.93. Following the transaction, the chief technology officer now directly owns 17,559 shares of the company’s stock, valued at $821,936.
79. The trade was a 25.00 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold 2,784,193 shares of company stock worth $137,892,219 in the last 90 days. Insiders own 19.
95% of the company’s stock. Robinhood Markets Stock Up 1.3 % Shares of HOOD stock opened at $41.
18 on Friday. Robinhood Markets, Inc. has a twelve month low of $13.
98 and a twelve month high of $66.91. The business has a fifty day simple moving average of $45.
22 and a 200 day simple moving average of $40.05. The company has a market cap of $36.
46 billion, a P/E ratio of 26.23, a P/E/G ratio of 1.05 and a beta of 2.
17. Robinhood Markets ( NASDAQ:HOOD – Get Free Report ) last released its quarterly earnings data 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%.
As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.
Robinhood Markets Company Profile ( Free Report ) 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.
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