6,366 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Williamson Legacy Group LLC

Williamson Legacy Group LLC acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, HoldingsChannel reports. The firm acquired 6,366 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. US Bancorp DE raised its holdings in shares of Robinhood Markets by 53.3% during the fourth quarter. US Bancorp DE now owns 42,545 shares of the company’s stock worth $1,585,000 after acquiring an additional 14,794 shares during the period. SVB Wealth LLC bought a new position in Robinhood Markets in the fourth quarter valued at $908,000. QRG Capital Management Inc. grew its position in Robinhood Markets by 23.4% in the fourth quarter. QRG Capital Management Inc. now owns 99,678 shares of the company’s stock valued at $3,714,000 after purchasing an additional 18,894 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Robinhood Markets in the fourth quarter valued at $2,367,000. Finally, Oppenheimer & Co. Inc. bought a new position in Robinhood Markets in the fourth quarter valued at $973,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HOOD shares. Sanford C. Bernstein raised their target price on shares of Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Citigroup raised their target price on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Barclays raised their target price on shares of Robinhood Markets from $54.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, Piper Sandler lifted their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus price target of $59.53.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $50.10 on Friday. The company has a market capitalization of $44.29 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 1.05 and a beta of 2.13. The company has a 50-day simple moving average of $48.34 and a 200 day simple moving average of $34.88. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insiders Place Their Bets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total value of $29,370,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $37.92, for a total transaction of $222,817.92. Following the completion of the sale, the chief technology officer now owns 11,752 shares of the company’s stock, valued at $445,635.84. This trade represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,643,879 shares of company stock worth $207,663,007 in the last quarter. 19.95% of the stock is currently owned by corporate insiders.

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.