55,757 Shares in Robinhood Markets, Inc. $HOOD Bought by Park National Corp OH

Park National Corp OH acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 55,757 shares of the company’s stock, valued at approximately $7,983,000.

Several other hedge funds also recently added to or reduced their stakes in HOOD. WCM Investment Management LLC lifted its stake in shares of Robinhood Markets by 3,615.7% in the 2nd quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock valued at $1,081,910,000 after purchasing an additional 11,244,182 shares during the period. Norges Bank purchased a new position in Robinhood Markets in the 2nd quarter valued at $973,122,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Robinhood Markets in the second quarter worth about $951,479,000. Paradigm Operations LP acquired a new stake in Robinhood Markets in the 2nd quarter valued at about $308,979,000. Finally, Altimeter Capital Management LP acquired a new position in shares of Robinhood Markets during the 1st quarter worth approximately $120,103,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HOOD has been the subject of a number of recent research reports. Mizuho raised their target price on Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Compass Point reissued a “buy” rating on shares of Robinhood Markets in a report on Monday, October 27th. CICC Research started coverage on shares of Robinhood Markets in a research report on Monday, October 27th. They set an “outperform” rating and a $155.00 price objective for the company. Citizens Jmp boosted their target price on shares of Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a report on Friday, November 7th. Finally, Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $136.32.

Insider Buying and Selling at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $132.26, for a total value of $775,704.90. Following the completion of the transaction, the chief technology officer owned 26,725 shares of the company’s stock, valued at approximately $3,534,648.50. This trade represents a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Baiju Bhatt sold 418,338 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $116.56, for a total transaction of $48,761,477.28. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,686,763 shares of company stock worth $475,858,262 over the last ninety days. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $115.26 on Tuesday. Robinhood Markets, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $153.86. The company has a 50 day moving average price of $131.46 and a 200 day moving average price of $112.74. The stock has a market capitalization of $103.64 billion, a P/E ratio of 47.83, a PEG ratio of 2.40 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company earned $0.17 earnings per share. The firm’s quarterly revenue was up 100.0% compared to the same quarter last year. Research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

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.