Robinhood Markets, Inc. $HOOD Shares Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. grew its holdings in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 77.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,950 shares of the company’s stock after purchasing an additional 8,700 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Robinhood Markets were worth $2,256,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. lifted its holdings in shares of Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Robinhood Markets in the third quarter valued at $29,000. Finally, Vision Financial Markets LLC lifted its holdings in shares of Robinhood Markets by 100.0% in the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HOOD. Bank of America dropped their price target on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. KeyCorp dropped their price target on shares of Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, February 9th. Truist Financial dropped their price target on shares of Robinhood Markets from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Compass Point reaffirmed a “buy” rating on shares of Robinhood Markets in a research note on Wednesday, February 11th. Finally, Morgan Stanley upped their price target on shares of Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Monday, December 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.42.

View Our Latest Research Report on HOOD

Key Headlines Impacting Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $69.78 on Tuesday. The stock’s 50-day moving average is $77.84 and its 200-day moving average is $109.36. Robinhood Markets, Inc. has a 52-week low of $29.66 and a 52-week high of $153.86. The company has a market cap of $62.82 billion, a P/E ratio of 33.87, a P/E/G ratio of 1.63 and a beta of 2.46.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The firm’s revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the company earned $1.01 earnings per share. As a group, equities analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insiders Place Their Bets

In other Robinhood Markets news, insider Steven M. Quirk sold 52,540 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the completion of the transaction, the insider owned 27,564 shares in the company, valued at $2,420,394.84. This trade represents a 65.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $75.49, for a total transaction of $754,900.00. Following the transaction, the insider owned 452,849 shares of the company’s stock, valued at approximately $34,185,571.01. This represents a 2.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 78,404 shares of company stock worth $6,869,400 over the last quarter. Company insiders own 14.47% of the company’s stock.

Robinhood Markets Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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