Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. grew its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 28.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,461 shares of the company’s stock after acquiring an additional 2,316 shares during the quarter. Whittier Trust Co.’s holdings in Robinhood Markets were worth $390,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV raised its stake in shares of Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares during the last quarter. Silicon Valley Capital Partners purchased a new stake in shares of Robinhood Markets during the fourth quarter worth approximately $37,000. Bogart Wealth LLC purchased a new stake in shares of Robinhood Markets during the fourth quarter worth approximately $37,000. Finally, Spire Wealth Management raised its stake 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 purchasing an additional 549 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Stock Up 1.6 %

Shares of HOOD stock opened at $44.36 on Monday. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91. The stock has a market cap of $39.28 billion, a P/E ratio of 28.25, a P/E/G ratio of 1.05 and a beta of 2.14. The business has a fifty day simple moving average of $49.04 and a 200-day simple moving average of $37.41.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Activity at Robinhood Markets

In related news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the 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 sale, the chief technology officer now directly owns 17,559 shares in the company, valued at approximately $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 a total of 2,679,251 shares of company stock valued at $130,979,560 over the last quarter. Insiders own 19.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays upped their price target on Robinhood Markets from $54.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and upped their price target for the stock from $40.00 to $46.00 in a research note on Friday, December 6th. Compass Point assumed coverage on Robinhood Markets in a research note on Wednesday, March 19th. They set a “buy” rating and a $61.00 price target for the company. Morgan Stanley upped their price target on Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price objective on Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.29.

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.