Bank Julius Baer & Co. Ltd Zurich Acquires Shares of 3,010 Robinhood Markets, Inc. (NASDAQ:HOOD)

Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 3,010 shares of the company’s stock, valued at approximately $124,000.

Several other institutional investors have also modified their holdings of HOOD. Edgestream Partners L.P. raised its holdings in Robinhood Markets by 21.2% in the fourth quarter. Edgestream Partners L.P. now owns 149,684 shares of the company’s stock valued at $5,577,000 after acquiring an additional 26,181 shares in the last quarter. Chung Wu Investment Group LLC bought a new stake in shares of Robinhood Markets in the 4th quarter worth about $354,000. Vestmark Advisory Solutions Inc. raised its stake in shares of Robinhood Markets by 23.6% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 451,577 shares of the company’s stock valued at $16,826,000 after purchasing an additional 86,186 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at about $90,869,000. Finally, Arizona State Retirement System lifted its position in shares of Robinhood Markets by 2.5% during the fourth quarter. Arizona State Retirement System now owns 155,108 shares of the company’s stock worth $5,779,000 after purchasing an additional 3,722 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $37.92, for a total value of $222,817.92. Following the completion of the sale, the chief technology officer now directly owns 11,752 shares of the company’s stock, valued at approximately $445,635.84. This represents a 33.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $49.02, for a total transaction of $1,225,500.00. Following the completion of the transaction, the insider now directly owns 822,893 shares in the company, valued at $40,338,214.86. This represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,985,127 shares of company stock valued at $142,455,378. 19.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on HOOD shares. Barclays boosted their price objective on Robinhood Markets from $54.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Needham & Company LLC boosted their price target on Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, February 13th. KeyCorp raised their price objective on Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Cantor Fitzgerald began coverage on shares of Robinhood Markets in a research note on Thursday, March 6th. They set an “overweight” rating and a $69.00 target price for the company. Finally, Raymond James assumed 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 given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.13.

Robinhood Markets Stock Up 2.0 %

Shares of HOOD opened at $36.36 on Wednesday. The firm has a market capitalization of $32.20 billion, a PE ratio of 23.16, a P/E/G ratio of 1.05 and a beta of 2.14. The firm has a 50-day moving average price of $48.96 and a 200 day moving average price of $36.25. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly 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, equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

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.