4 days Ago By Defense World Staff
Wells Fargo & Company MN raised its stake in Robinhood Markets, Inc. ( NASDAQ:HOOD – Free Report ) by 201.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 298,990 shares of the company’s stock after purchasing an additional 199,678 shares during the quarter. Wells Fargo & Company MN’s holdings in Robinhood Markets were worth $11,140,000 at the end of the most recent quarter. A number of other large investors also recently modified their holdings of the company.
MML Investors Services LLC increased its holdings in Robinhood Markets by 58.0% in the 3rd quarter. MML Investors Services LLC now owns 51,839 shares of the company’s stock valued at $1,214,000 after purchasing an additional 19,027 shares in the last quarter.
Sanctuary Advisors LLC raised its holdings in shares of Robinhood Markets by 44.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 63,216 shares of the company’s stock valued at $1,481,000 after buying an additional 19,345 shares during the period.
Wilmington Savings Fund Society FSB purchased a new stake in shares of Robinhood Markets during the 3rd quarter valued at about $351,000. Franklin Resources Inc. acquired a new position in Robinhood Markets during the 3rd quarter worth approximately $6,321,000.
Finally, Garden State Investment Advisory Services LLC purchased a new position in Robinhood Markets in the 3rd quarter worth approximately $263,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades A number of research firms have recently commented on HOOD. Piper Sandler boosted their target price on shares of Robinhood Markets from $54.00 to $75.
00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Morgan Stanley lowered shares of Robinhood Markets from an “overweight” rating to an “equal weight” rating and set a $40.00 price objective on the stock.
in a report on Tuesday, April 8th. Needham & Company LLC cut their price target on Robinhood Markets from $70.00 to $62.
00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on Robinhood Markets from $75.00 to $61.
00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Finally, Mizuho upped their target price on Robinhood Markets from $60.00 to $65.
00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and an average target price of $55.
06. Robinhood Markets Trading Down 0.1 % NASDAQ:HOOD opened at $44.
08 on Wednesday. The company has a 50-day moving average of $46.06 and a 200-day moving average of $39.
79. The firm has a market cap of $39.03 billion, a price-to-earnings ratio of 28.
08, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17.
Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.
91. Robinhood Markets ( NASDAQ:HOOD – Get Free Report ) last issued its earnings results on Wednesday, February 12th. The company reported $0.
54 earnings per share 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%.
On average, research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.
Insider Activity In other Robinhood Markets news, CEO Vladimir Tenev sold 500,000 shares of Robinhood Markets stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $50.77, for a total transaction of $25,385,000.
00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Also, Director Baiju Bhatt sold 522,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th.
The stock was sold at an average price of $62.70, for a total transaction of $32,740,686.00.
Following the sale, the director now owns 5,042 shares of the company’s stock, valued at approximately $316,133.40. This represents a 99.
04 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 2,561,121 shares of company stock worth $128,692,730.
19.95% of the stock is owned by corporate insiders. About Robinhood Markets ( 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 Five stocks we like better than Robinhood Markets What Investors Need to Know About Upcoming IPOs Beware of BigBear.
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