Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc grew its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 122.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 406,872 shares of the company's stock after buying an additional 223,716 shares during the period. Ensign Peak Advisors Inc's holdings in Robinhood Markets were worth $15,160,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC bought a new position in Robinhood Markets during the 4th quarter valued at about $26,000. CoreCap Advisors LLC raised its stake in shares of Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after buying an additional 550 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in Robinhood Markets by 750.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after acquiring an additional 750 shares in the last quarter. Colonial Trust Co SC bought a new stake in Robinhood Markets during the fourth quarter valued at about $34,000. Finally, Silicon Valley Capital Partners purchased a new stake in Robinhood Markets during the 4th quarter valued at approximately $37,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Price Performance

Shares of HOOD stock traded up $5.14 during trading hours on Tuesday, reaching $62.57. 57,151,748 shares of the stock were exchanged, compared to its average volume of 26,287,118. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91. The business's fifty day moving average is $43.57 and its two-hundred day moving average is $42.82. The firm has a market capitalization of $55.40 billion, a P/E ratio of 39.85, a P/E/G ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The business had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The firm's quarterly revenue was up 50.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. As a group, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HOOD. Piper Sandler upped their price objective on Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Mizuho lifted their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Citigroup decreased their price target on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, JMP Securities restated a "market outperform" rating and issued a $70.00 price target on shares of Robinhood Markets in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.41.

Insider Buying and Selling

In related news, Director Baiju Bhatt sold 94,156 shares of Robinhood Markets stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $55.34, for a total value of $5,210,593.04. Following the sale, the director now directly owns 7,863 shares in the company, valued at $435,138.42. The trade was a 92.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven M. Quirk sold 24,311 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $54.93, for a total transaction of $1,335,403.23. Following the completion of the transaction, the insider now directly owns 299,349 shares of the company's stock, valued at approximately $16,443,240.57. This trade represents a 7.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,362,194 shares of company stock worth $116,234,743 in the last quarter. 14.47% of the stock is owned by insiders.

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.