1,000 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by Bogart Wealth LLC

Bogart Wealth LLC bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, Holdings Channel reports. The fund bought 1,000 shares of the company’s stock, valued at approximately $37,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Robinhood Markets by 1,211,858.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company’s stock worth $89,410,000 after buying an additional 3,817,355 shares during the last quarter. Azora Capital LP bought a new position in shares of Robinhood Markets in the 3rd quarter worth $79,780,000. FMR LLC increased its holdings in shares of Robinhood Markets by 31.3% in the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company’s stock worth $330,914,000 after buying an additional 3,368,118 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Robinhood Markets by 486.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,788,666 shares of the company’s stock worth $103,906,000 after buying an additional 2,313,213 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 buying an additional 1,895,427 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Trading Up 2.3 %

Shares of NASDAQ HOOD opened at $65.28 on Friday. Robinhood Markets, Inc. has a 12 month low of $13.04 and a 12 month high of $66.91. The firm has a market capitalization of $57.71 billion, a PE ratio of 110.65, a price-to-earnings-growth ratio of 0.73 and a beta of 2.13. The firm has a fifty day simple moving average of $45.45 and a two-hundred day simple moving average of $32.52.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data 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 21.80% and a return on equity of 7.52%. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 0.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HOOD. Needham & Company LLC upped their price objective on shares of Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup upped their price objective on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday. JMP Securities upped their price objective on shares of Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Piper Sandler upped their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.07.

Insiders Place Their Bets

In related news, CEO Vladimir Tenev sold 750,000 shares of the 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 806,955 shares of the company’s stock, valued at approximately $30,268,882.05. The trade was a 27.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,948,427 shares of company stock worth $165,005,244. 19.95% of the stock is currently owned by corporate insiders.

Robinhood Markets Company 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.