Vestmark Advisory Solutions Inc. Boosts Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Vestmark Advisory Solutions Inc. increased its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 23.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 451,577 shares of the company’s stock after purchasing an additional 86,186 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.05% of Robinhood Markets worth $16,826,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently 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. True Wealth Design LLC acquired a new stake in Robinhood Markets during the 3rd quarter worth approximately $30,000. Silicon Valley Capital Partners acquired a new stake in Robinhood Markets during the 4th quarter worth approximately $37,000. Bogart Wealth LLC acquired a new stake in Robinhood Markets during the 4th quarter worth approximately $37,000. Finally, Spire Wealth Management lifted its holdings in Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock worth $40,000 after buying an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Activity

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total transaction of $29,370,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $37.51, for a total transaction of $11,253,000.00. Following the sale, the insider now owns 806,955 shares of the company’s stock, valued at approximately $30,268,882.05. This represents a 27.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,165,788 shares of company stock valued at $149,293,178 over the last 90 days. Insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Up 4.1 %

Shares of NASDAQ HOOD opened at $48.12 on Thursday. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91. The firm has a 50-day moving average price of $48.84 and a 200 day moving average price of $35.57. The stock has a market capitalization of $42.61 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 1.05 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) 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%. Equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HOOD. 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. Piper Sandler raised their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Sanford C. Bernstein raised their price objective on shares of Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Mizuho raised their price objective on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.53.

Robinhood Markets Profile

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.