SBI Securities Co. Ltd. Purchases Shares of 36,882 Robinhood Markets, Inc. (NASDAQ:HOOD)

SBI Securities Co. Ltd. purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,882 shares of the company’s stock, valued at approximately $1,374,000.

Several other hedge funds have also made changes to their positions in HOOD. Creative Planning boosted its stake in Robinhood Markets by 34.6% in the 3rd quarter. Creative Planning now owns 35,384 shares of the company’s stock worth $829,000 after buying an additional 9,094 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Robinhood Markets by 76.6% during the 3rd quarter. Raymond James & Associates now owns 99,278 shares of the company’s stock worth $2,325,000 after acquiring an additional 43,075 shares during the period. International Assets Investment Management LLC boosted its position in shares of Robinhood Markets by 301.5% in the third quarter. International Assets Investment Management LLC now owns 7,026 shares of the company’s stock worth $165,000 after acquiring an additional 5,276 shares during the last quarter. HM Payson & Co. grew its holdings in Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after purchasing an additional 410 shares during the period. Finally, US Bancorp DE increased its position in Robinhood Markets by 94.0% during the third quarter. US Bancorp DE now owns 27,751 shares of the company’s stock worth $650,000 after purchasing an additional 13,448 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $50.10 on Monday. The company’s fifty day moving average price is $48.34 and its two-hundred day moving average price is $35.11. The firm has a market capitalization of $44.36 billion, a P/E ratio of 31.91, a P/E/G ratio of 1.05 and a beta of 2.13. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results 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 return on equity of 13.53% and a net margin of 47.81%. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Activity

In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $38.22, for a total value of $477,750.00. Following the sale, the insider now owns 1,106,955 shares in the company, valued at approximately $42,307,820.10. This represents a 1.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Baiju Bhatt sold 522,180 shares of the stock in a transaction dated 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 transaction, the director now directly owns 5,042 shares in the company, valued at $316,133.40. The trade was a 99.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,624,018 shares of company stock worth $206,917,425. 19.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HOOD. Barclays lifted their price target on shares of Robinhood Markets from $54.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. The Goldman Sachs Group raised Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their price target for the company from $40.00 to $46.00 in a research report on Friday, December 6th. Keefe, Bruyette & Woods upped their price target on Robinhood Markets from $38.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. Citigroup boosted their target price on Robinhood Markets from $45.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, KeyCorp increased their target price on shares of Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.53.

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.