Siemens Fonds Invest GmbH Invests $217,000 in Robinhood Markets, Inc. (NASDAQ:HOOD)

Siemens Fonds Invest GmbH acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,830 shares of the company's stock, valued at approximately $217,000.

Other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in Robinhood Markets by 184.8% during the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after acquiring an additional 26,107,934 shares during the period. Norges Bank purchased a new stake in Robinhood Markets during the 4th quarter valued at about $329,598,000. GQG Partners LLC purchased a new stake in Robinhood Markets during the 4th quarter valued at about $302,325,000. Artisan Partners Limited Partnership purchased a new stake in Robinhood Markets during the 4th quarter valued at about $152,949,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Robinhood Markets by 335.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company's stock valued at $193,202,000 after acquiring an additional 3,994,745 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Robinhood Markets

In other news, insider Steven M. Quirk sold 123,272 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $55.80, for a total value of $6,878,577.60. Following the completion of the transaction, the insider now owns 298,826 shares in the company, valued at $16,674,490.80. The trade was a 29.20% 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 link. Also, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,897,622 shares of company stock worth $86,956,156. 14.47% of the stock is owned by corporate insiders.

Robinhood Markets Trading Up 1.0%

NASDAQ:HOOD traded up $0.64 during trading hours on Tuesday, reaching $64.91. 31,181,081 shares of the company traded hands, compared to its average volume of 26,344,145. The business's 50-day moving average price is $46.35 and its two-hundred day moving average price is $44.22. The stock has a market capitalization of $57.48 billion, a P/E ratio of 41.34, a P/E/G ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The company had revenue of $927.00 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. As a group, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HOOD. The Goldman Sachs Group lifted their price objective on Robinhood Markets from $56.00 to $64.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. JMP Securities reaffirmed a "market outperform" rating and issued a $70.00 target price on shares of Robinhood Markets in a research report on Thursday, May 1st. Raymond James assumed coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They issued a "market perform" rating for the company. Compass Point assumed coverage on shares of Robinhood Markets in a research report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 target price for the company. Finally, Wolfe Research cut shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.41.

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.