Conrad N. Hilton Foundation Acquires Shares of 17,892 Robinhood Markets, Inc. (NASDAQ:HOOD)

Conrad N. Hilton Foundation acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,892 shares of the company's stock, valued at approximately $667,000. Robinhood Markets makes up approximately 0.5% of Conrad N. Hilton Foundation's holdings, making the stock its 5th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. New Wave Wealth Advisors LLC purchased a new position in shares of Robinhood Markets during the 4th quarter worth about $26,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after purchasing an additional 750 shares during the period. Silicon Valley Capital Partners purchased a new position in shares of Robinhood Markets during the 4th quarter worth about $37,000. Bogart Wealth LLC purchased a new position in shares of Robinhood Markets during the 4th quarter worth about $37,000. Finally, Spire Wealth Management boosted its stake in shares of Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company's stock worth $40,000 after purchasing an additional 549 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HOOD. KeyCorp decreased their price objective on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Cantor Fitzgerald began coverage on shares of Robinhood Markets in a report on Thursday, March 6th. They set an "overweight" rating and a $69.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Robinhood Markets from $39.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Morgan Stanley lowered shares of Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price objective for the company. in a report on Tuesday, April 8th. Finally, Raymond James began coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They set a "market perform" rating for the company. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Robinhood Markets has an average rating of "Moderate Buy" and an average target price of $53.88.

Insiders Place Their Bets

In other Robinhood Markets news, Director Baiju Bhatt sold 90,866 shares of Robinhood Markets stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $55.34, for a total transaction of $5,028,524.44. Following the completion of the sale, the director now owns 5,042 shares of the company's stock, valued at approximately $279,024.28. The trade was a 94.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel Martin Gallagher, Jr. sold 50,000 shares of Robinhood Markets stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $60.77, for a total value of $3,038,500.00. Following the sale, the insider now directly owns 706,642 shares of the company's stock, valued at approximately $42,942,634.34. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,240,437 shares of company stock valued at $110,044,137. 19.95% of the stock is owned by company insiders.

Robinhood Markets Stock Down 3.6 %

Shares of Robinhood Markets stock traded down $1.77 on Wednesday, reaching $47.60. The stock had a trading volume of 21,317,400 shares, compared to its average volume of 25,046,730. The company has a 50 day moving average price of $43.15 and a 200 day moving average price of $41.22. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The stock has a market capitalization of $42.15 billion, a P/E ratio of 30.32, a P/E/G ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Robinhood Markets 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.