4 hours Ago By ABMN Staff
Victory Capital Management Inc. raised its position in Robinhood Markets, Inc. ( NASDAQ:HOOD – Free Report ) by 87.
6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 220,160 shares of the company’s stock after purchasing an additional 102,777 shares during the quarter.
Victory Capital Management Inc.’s holdings in Robinhood Markets were worth $8,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds and other institutional investors also recently modified their holdings of the company.
New Wave Wealth Advisors LLC bought a new position in shares of Robinhood Markets in the fourth quarter valued at about $26,000. True Wealth Design LLC acquired a new position in Robinhood Markets in the 3rd quarter valued at about $30,000. Silicon Valley Capital Partners bought a new position in Robinhood Markets in the 4th quarter valued at about $37,000.
Bogart Wealth LLC acquired a new stake in Robinhood Markets during the fourth quarter worth approximately $37,000. Finally, Spire Wealth Management boosted its holdings in shares of 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 acquiring an additional 549 shares during the period. Institutional investors own 93.27% of the company’s stock.
Robinhood Markets Stock Performance Shares of NASDAQ:HOOD opened at $39.24 on Friday. The stock has a market capitalization of $34.
75 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 1.05 and a beta of 2.
14. The stock’s 50-day simple moving average is $48.88 and its two-hundred day simple moving average is $36.
39. Robinhood Markets, Inc. has a 52-week low of $13.
98 and a 52-week high of $66.91. Insiders Place Their Bets In related news, CEO Vladimir Tenev sold 750,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd.
The stock was sold at an average price of $39.16, for a total value of $29,370,000.00.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $46.
81, for a total value of $273,978.93. Following the sale, the chief technology officer now owns 17,559 shares of the company’s stock, valued at approximately $821,936.
79. This represents a 25.00 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold 2,985,127 shares of company stock valued at $142,455,378 over the last ninety days. 19.
95% of the stock is owned by insiders. Wall Street Analysts Forecast Growth HOOD has been the topic of several recent research reports. The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and raised their target price for the stock from $40.
00 to $46.00 in a report on Friday, December 6th. Morgan Stanley raised their price objective on Robinhood Markets from $64.
00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co.
upped their target price on Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th.
Barclays boosted their price target on Robinhood Markets from $54.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th.
Finally, Raymond James initiated coverage on shares of Robinhood Markets in a research note on Wednesday, February 5th. They set a “market perform” rating on the stock. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock.
Based on data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and an average price target of $61.31. Get Our Latest Report on Robinhood Markets Robinhood Markets 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. Featured Stories Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. ( NASDAQ:HOOD – Free Report ). Receive News & Ratings for Robinhood Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robinhood Markets and related companies with MarketBeat.
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