6,778 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by World Investment Advisors

World Investment Advisors bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,778 shares of the company's stock, valued at approximately $253,000.

• From Trading to Checking Accounts: Robinhood's Big Bet on Banking

Other large investors have also bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in Robinhood Markets during the fourth quarter valued at about $26,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares during the last quarter. Silicon Valley Capital Partners purchased a new stake in shares of Robinhood Markets during the fourth quarter valued at $37,000. Bogart Wealth LLC purchased a new stake in shares of Robinhood Markets during the fourth quarter valued at $37,000. Finally, Spire Wealth Management lifted its holdings in shares of Robinhood Markets by 104.6% during the fourth quarter. Spire Wealth Management now owns 1,074 shares of the company's stock valued at $40,000 after purchasing an additional 549 shares during the last quarter. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $42.21 on Thursday. The firm has a market cap of $37.38 billion, a price-to-earnings ratio of 26.89, a P/E/G ratio of 1.05 and a beta of 2.17. The business's 50-day simple moving average is $46.85 and its 200-day simple moving average is $39.23. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91.

• Robinhood's Rally: Is Global Expansion the Next Big Catalyst?

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $34.51, for a total value of $201,987.03. Following the completion of the sale, the chief technology officer now owns 5,853 shares in the company, valued at approximately $201,987.03. This trade represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $38.31, for a total value of $957,750.00. Following the completion of the sale, the insider now owns 822,825 shares of the company's stock, valued at $31,522,425.75. This represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,651,987 shares of company stock valued at $132,806,233 in the last 90 days. 19.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

• Robinhood: The Future Still Looks Bright Despite +300% Rise

Several equities research analysts have recently commented on HOOD shares. Barclays reduced their target price on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a report on Monday. Morgan Stanley downgraded Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price objective for the company. in a research note on Tuesday. Needham & Company LLC reduced their price objective on Robinhood Markets from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Finally, Mizuho increased their price objective on Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.06.

Get Our Latest Stock Analysis on HOOD

About Robinhood Markets

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.

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