Global Retirement Partners LLC Buys 16,821 Shares of Robinhood Markets, Inc. $HOOD

Global Retirement Partners LLC boosted its stake in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 73.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,731 shares of the company’s stock after purchasing an additional 16,821 shares during the quarter. Global Retirement Partners LLC’s holdings in Robinhood Markets were worth $4,494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Robinhood Markets by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock valued at $10,831,756,000 after purchasing an additional 1,334,443 shares during the last quarter. State Street Corp increased its holdings in Robinhood Markets by 103.2% in the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after purchasing an additional 16,375,734 shares during the last quarter. Invesco Ltd. increased its holdings in Robinhood Markets by 25.3% in the third quarter. Invesco Ltd. now owns 6,191,123 shares of the company’s stock valued at $886,445,000 after purchasing an additional 1,248,590 shares during the last quarter. Northern Trust Corp increased its holdings in Robinhood Markets by 48.5% in the third quarter. Northern Trust Corp now owns 6,157,337 shares of the company’s stock valued at $881,608,000 after purchasing an additional 2,011,820 shares during the last quarter. Finally, Amundi increased its holdings in Robinhood Markets by 10.6% in the third quarter. Amundi now owns 4,592,764 shares of the company’s stock valued at $662,552,000 after purchasing an additional 440,899 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

HOOD stock opened at $75.92 on Friday. The stock has a market capitalization of $68.37 billion, a P/E ratio of 36.68, a P/E/G ratio of 2.45 and a beta of 2.29. The business has a 50-day moving average of $76.21 and a 200-day moving average of $96.63. Robinhood Markets, Inc. has a fifty-two week low of $62.63 and a fifty-two week high of $153.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share. Equities analysts expect that Robinhood Markets, Inc. will post 1.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HOOD shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $130.00 price objective on shares of Robinhood Markets in a report on Tuesday, April 14th. Citizens Jmp reiterated a “market outperform” rating and issued a $155.00 price objective on shares of Robinhood Markets in a report on Wednesday, April 29th. Wolfe Research upgraded Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price objective for the company in a report on Monday, February 9th. Mizuho increased their price target on Robinhood Markets from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Finally, Truist Financial lowered their price target on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a report on Monday, April 13th. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.88.

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More Robinhood Markets News

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Insider Activity at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $69.85, for a total transaction of $407,574.75. Following the completion of the transaction, the chief technology officer directly owned 18,006 shares of the company’s stock, valued at $1,257,719.10. This represents a 24.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 57,261 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $86.38, for a total value of $4,946,205.18. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 493,343 shares of company stock valued at $35,864,569 over the last ninety days. Company insiders own 14.47% of the company’s stock.

About Robinhood Markets

(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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