Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Bought by Nvwm LLC

Nvwm LLC boosted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 26,794.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,860 shares of the company’s stock after buying an additional 22,775 shares during the quarter. Nvwm LLC’s holdings in Robinhood Markets were worth $852,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HOOD. New Wave Wealth Advisors LLC purchased a new position in shares of Robinhood Markets during the 4th quarter worth approximately $26,000. HM Payson & Co. increased its stake in shares of Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after buying an additional 410 shares during the period. Eastern Bank acquired a new stake in Robinhood Markets in the third quarter valued at approximately $30,000. True Wealth Design LLC purchased a new position in Robinhood Markets in the third quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC acquired a new position in Robinhood Markets during the 3rd quarter worth approximately $33,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Stock Up 1.3 %

NASDAQ HOOD opened at $52.58 on Wednesday. The firm has a market cap of $46.48 billion, a P/E ratio of 89.12, a P/E/G ratio of 0.70 and a beta of 2.13. Robinhood Markets, Inc. has a 52-week low of $10.51 and a 52-week high of $53.51. The business’s 50-day moving average price is $42.49 and its 200 day moving average price is $30.59.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HOOD shares. JMP Securities raised their price objective on shares of Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a report on Tuesday, November 12th. Raymond James started coverage on Robinhood Markets in a report on Wednesday. They set a “market perform” rating for the company. Piper Sandler increased their price objective on Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. upgraded Robinhood Markets from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $20.00 to $43.00 in a research note on Tuesday, January 7th. Finally, Barclays increased their price target on shares of Robinhood Markets from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.73.

Insider Buying and Selling at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $37.92, for a total transaction of $222,817.92. Following the transaction, the chief technology officer now directly owns 11,752 shares in the company, valued at $445,635.84. The trade was a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Meyer Malka sold 105,875 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.00, for a total transaction of $3,176,250.00. Following the completion of the sale, the director now owns 28,930,243 shares of the company’s stock, valued at approximately $867,907,290. The trade was a 0.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,938,436 shares of company stock worth $161,862,969. 19.95% of the stock is currently owned by insiders.

About Robinhood Markets

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.