10,825 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by SVB Wealth LLC

SVB Wealth LLC acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,825 shares of the company’s stock, valued at approximately $138,000.

Several other large investors have also modified their holdings of the company. Peoples Bank KS bought a new position in Robinhood Markets during the 3rd quarter valued at about $29,000. UniSuper Management Pty Ltd acquired a new stake in Robinhood Markets in the 3rd quarter valued at about $30,000. AdvisorNet Financial Inc acquired a new stake in Robinhood Markets in the 3rd quarter valued at about $49,000. Whittier Trust Co. increased its position in Robinhood Markets by 100.0% in the 4th quarter. Whittier Trust Co. now owns 4,634 shares of the company’s stock valued at $59,000 after acquiring an additional 2,317 shares in the last quarter. Finally, CWM LLC increased its position in Robinhood Markets by 61.1% in the 3rd quarter. CWM LLC now owns 8,488 shares of the company’s stock valued at $83,000 after acquiring an additional 3,219 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Stock Performance

Shares of HOOD opened at $17.62 on Wednesday. The firm’s 50 day moving average price is $17.15 and its two-hundred day moving average price is $12.81. Robinhood Markets, Inc. has a twelve month low of $7.91 and a twelve month high of $20.55. The firm has a market cap of $15.41 billion, a P/E ratio of -29.37 and a beta of 1.68.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The firm had revenue of $471.00 million for the quarter, compared to analyst estimates of $454.73 million. During the same period in the prior year, the firm posted ($0.19) earnings per share. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $10.61, for a total value of $132,625.00. Following the transaction, the insider now directly owns 738,291 shares in the company, valued at $7,833,267.51. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $10.61, for a total value of $132,625.00. Following the transaction, the insider now directly owns 738,291 shares in the company, valued at $7,833,267.51. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $10.61, for a total transaction of $2,652,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,228,817 shares of company stock worth $33,781,825 over the last ninety days. Insiders own 20.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HOOD shares. KeyCorp raised their price objective on shares of Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup cut shares of Robinhood Markets from a “neutral” rating to a “sell” rating and raised their price objective for the company from $13.00 to $16.00 in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Robinhood Markets from $12.00 to $16.00 and gave the stock a “hold” rating in a research report on Tuesday, March 19th. TheStreet upgraded shares of Robinhood Markets from a “d+” rating to a “c-” rating in a research report on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods started coverage on shares of Robinhood Markets in a research report on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 price target for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.88.

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.