5,270 Shares in Robinhood Markets, Inc. $HOOD Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,270 shares of the company’s stock, valued at approximately $755,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. lifted its position in Robinhood Markets by 120.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after acquiring an additional 148 shares during the last quarter. Valley National Advisers Inc. boosted its stake in Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Smithfield Trust Co bought a new stake in shares of Robinhood Markets during the second quarter valued at approximately $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Robinhood Markets in the second quarter worth about $34,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Robinhood Markets during the 2nd quarter worth approximately $36,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Robinhood Markets

In other news, insider Steven M. Quirk sold 49,942 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $131.15, for a total value of $6,549,893.30. Following the transaction, the insider owned 54,496 shares in the company, valued at $7,147,150.40. This trade represents a 47.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total transaction of $15,855,600.00. Following the transaction, the insider owned 430,012 shares in the company, valued at approximately $56,817,485.56. This trade represents a 21.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,905,899 shares of company stock valued at $366,476,943. Insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Performance

HOOD stock opened at $123.24 on Tuesday. The company has a market capitalization of $110.82 billion, a P/E ratio of 51.14, a PEG ratio of 1.74 and a beta of 2.44. Robinhood Markets, Inc. has a 52-week low of $29.66 and a 52-week high of $153.86. The company has a fifty day moving average price of $125.45 and a 200-day moving average price of $117.47.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the company posted $0.17 earnings per share. Robinhood Markets’s revenue for the quarter was up 100.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HOOD has been the subject of several recent analyst reports. JMP Securities increased their price target on Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a report on Thursday, October 9th. Truist Financial assumed coverage on Robinhood Markets in a research report on Wednesday, December 17th. They set a “buy” rating and a $155.00 price target on the stock. Citizens Jmp upped 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. Barclays lifted their price objective on shares of Robinhood Markets from $168.00 to $171.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. Finally, Dbs Bank raised Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus price target of $136.80.

Robinhood Markets Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.