True Wealth Design LLC Acquires New Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

True Wealth Design LLC bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,267 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors also recently bought and sold shares of the company. HM Payson & Co. boosted its holdings 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 purchasing an additional 410 shares during the last quarter. Eastern Bank acquired a new stake in Robinhood Markets in the 3rd quarter worth about $30,000. ORG Partners LLC purchased a new stake in Robinhood Markets in the 2nd quarter valued at about $33,000. ORG Wealth Partners LLC purchased a new position in shares of Robinhood Markets during the 3rd quarter worth about $33,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Robinhood Markets in the second quarter worth approximately $40,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Morgan Stanley raised Robinhood Markets from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $24.00 to $55.00 in a research report on Monday, November 25th. JMP Securities boosted their price target on Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 12th. KeyCorp upped their price target on Robinhood Markets from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods decreased their target price on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Insider Buying and Selling

In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $19.33, for a total value of $241,625.00. Following the completion of the transaction, the insider now directly owns 1,045,068 shares in the company, valued at approximately $20,201,164.44. This trade represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Meyer Malka sold 105,875 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $30.00, for a total value of $3,176,250.00. Following the sale, the director now directly owns 28,930,243 shares in the company, valued at approximately $867,907,290. This represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,685,549 shares of company stock worth $114,953,194. 19.95% of the stock is currently owned by corporate insiders.

Robinhood Markets Trading Down 0.3 %

NASDAQ HOOD opened at $37.54 on Monday. The stock has a market cap of $33.18 billion, a P/E ratio of 63.63, a PEG ratio of 0.87 and a beta of 1.84. The company’s fifty day simple moving average is $28.43 and its 200-day simple moving average is $23.67. Robinhood Markets, Inc. has a 52 week low of $8.69 and a 52 week high of $39.74.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.09) EPS. On average, research analysts expect that Robinhood Markets, Inc. will post 0.74 EPS for the current fiscal 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.