5,740 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 4th quarter, Holdings Channel.com reports. The firm acquired 5,740 shares of the company’s stock, valued at approximately $214,000.

Other large investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its stake in Robinhood Markets by 2.5% in the fourth quarter. Handelsbanken Fonder AB now owns 128,700 shares of the company’s stock valued at $4,795,000 after buying an additional 3,100 shares during the last quarter. Ieq Capital LLC lifted its stake in Robinhood Markets by 219.7% in the fourth quarter. Ieq Capital LLC now owns 469,973 shares of the company’s stock valued at $17,511,000 after buying an additional 322,971 shares during the last quarter. Alberta Investment Management Corp bought a new stake in Robinhood Markets in the fourth quarter valued at $1,408,000. Laidlaw Wealth Management LLC bought a new stake in Robinhood Markets in the fourth quarter valued at $1,063,000. Finally, TimesSquare Capital Management LLC bought a new stake in Robinhood Markets in the fourth quarter valued at $71,318,000. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HOOD. KeyCorp raised their target price on Robinhood Markets from $57.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised their target price on Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Mizuho raised their price target on Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised their price target on Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Citigroup raised their price target on Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.53.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $51.60 on Monday. The firm has a market cap of $45.61 billion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 1.05 and a beta of 2.13. The stock’s fifty day simple moving average is $47.42 and its 200 day simple moving average is $34.03. Robinhood Markets, Inc. has a one year low of $13.59 and a one year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping 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%. On average, research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Activity at Robinhood Markets

In related news, Director Baiju Bhatt sold 522,180 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $62.70, for a total transaction of $32,740,686.00. Following the completion of the transaction, the director now directly owns 5,042 shares of the company’s stock, valued at approximately $316,133.40. This represents a 99.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Meyer Malka sold 1,535,681 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $40.11, for a total value of $61,596,164.91. Following the transaction, the director now directly owns 4,974,238 shares of the company’s stock, valued at $199,516,686.18. This trade represents a 23.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,520,607 shares of company stock worth $200,784,430. 19.95% of the stock is owned by 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.