Wilmington Savings Fund Society FSB Grows Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Wilmington Savings Fund Society FSB boosted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 33.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,970 shares of the company’s stock after acquiring an additional 4,999 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Robinhood Markets were worth $744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Robinhood Markets by 31.3% during the third quarter. FMR LLC now owns 14,129,544 shares of the company’s stock valued at $330,914,000 after purchasing an additional 3,368,118 shares during the period. State Street Corp boosted its position in Robinhood Markets by 8.7% during the 3rd quarter. State Street Corp now owns 13,558,321 shares of the company’s stock valued at $317,536,000 after buying an additional 1,085,679 shares during the period. Geode Capital Management LLC grew its holdings in Robinhood Markets by 19.5% in the 3rd quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company’s stock worth $271,708,000 after acquiring an additional 1,895,427 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Robinhood Markets by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,581,465 shares of the company’s stock worth $107,298,000 after acquiring an additional 1,137,677 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Robinhood Markets by 20.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,481,794 shares of the company’s stock valued at $104,964,000 after acquiring an additional 769,281 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $51.60, for a total value of $1,290,000.00. Following the completion of the transaction, the insider now directly owns 706,642 shares in the company, valued at $36,462,727.20. The trade was a 3.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven M. Quirk sold 19,861 shares of Robinhood Markets stock in a transaction on Sunday, December 1st. The stock was sold at an average price of $37.54, for a total value of $745,581.94. Following the completion of the sale, the insider now directly owns 395,166 shares of the company’s stock, valued at approximately $14,834,531.64. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,857,561 shares of company stock worth $159,976,719 in the last quarter. Corporate insiders own 19.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HOOD. Piper Sandler increased their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $40.00 to $46.00 in a report on Friday, December 6th. JPMorgan Chase & Co. raised Robinhood Markets from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $20.00 to $43.00 in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods raised their price target on Robinhood Markets from $24.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Finally, Sanford C. Bernstein boosted their price objective 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. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $46.67.

Robinhood Markets Trading Up 0.7 %

Robinhood Markets stock opened at $56.27 on Tuesday. Robinhood Markets, Inc. has a 12 month low of $11.43 and a 12 month high of $57.27. The business’s fifty day simple moving average is $43.87 and its two-hundred day simple moving average is $31.51. The company has a market capitalization of $49.74 billion, a price-to-earnings ratio of 95.37, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13.

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.