4 hours Ago By Defense World Staff
Victory Capital Management Inc. boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) by 87.
6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,160 shares of the company’s stock after acquiring an additional 102,777 shares during the period. Victory Capital Management Inc.
’s holdings in Robinhood Markets were worth $8,203,000 at the end of the most recent reporting period. Several other hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in shares of Robinhood Markets by 31.
3% in the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company’s stock worth $330,914,000 after acquiring an additional 3,368,118 shares during the last quarter. State Street Corp lifted its holdings in shares of Robinhood Markets by 8.
7% in the 3rd quarter. State Street Corp now owns 13,558,321 shares of the company’s stock worth $317,536,000 after acquiring an additional 1,085,679 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Robinhood Markets by 19.
5% in the 3rd quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company’s stock worth $271,708,000 after acquiring an additional 1,895,427 shares during the last quarter. Charles Schwab Investment Management Inc.
lifted its holdings in shares of Robinhood Markets by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc.
now owns 4,719,732 shares of the company’s stock worth $175,857,000 after acquiring an additional 138,267 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Robinhood Markets by 19.4% in the 4th quarter.
Allspring Global Investments Holdings LLC now owns 4,557,301 shares of the company’s stock worth $179,463,000 after acquiring an additional 739,631 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.
Insider ActivityIn related news, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock in a transaction on Wednesday, March 5th.
The shares were sold at an average price of $46.81, for a total value of $273,978.93.
Following the transaction, the chief technology officer now directly owns 17,559 shares of the company’s stock, valued at approximately $821,936.79. The trade was a 25.
00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,985,127 shares of company stock valued at $142,455,378.
19.95% of the stock is owned by company insiders. Robinhood Markets Price PerformanceShares of HOOD opened at $39.
24 on Friday. The business’s 50-day moving average is $48.88 and its 200-day moving average is $36.
39. Robinhood Markets, Inc. has a fifty-two week low of $13.
98 and a fifty-two week high of $66.91. The company has a market capitalization of $34.
75 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 1.05 and a beta of 2.
14. Robinhood Markets (NASDAQ:HOOD – Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.
54 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13.
Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%.
Equities research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.
Wall Street Analyst Weigh InSeveral brokerages have recently commented on HOOD. Keefe, Bruyette & Woods upped their price objective on shares of Robinhood Markets from $38.00 to $60.
00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. increased their target price on shares of Robinhood Markets from $39.
00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Citigroup increased their target price on shares of Robinhood Markets from $45.
00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Needham & Company LLC increased their target price on shares of Robinhood Markets from $52.
00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Raymond James started coverage on shares of Robinhood Markets in a report on Wednesday, February 5th.
They set a “market perform” rating on the stock. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.
com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average price target of $61.31.Check Out Our Latest Analysis on HOODRobinhood 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 StoriesFive stocks we like better than Robinhood MarketsWhat is Insider Trading? What You Can Learn from Insider TradingRubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead3 Dividend Kings To ConsiderHow Super Micro Computer Stock Is Defying the Market Sell-OffWhy Invest in 5G? How to Invest in 5G Stocks AppLovin vs.
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