Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank raised its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 156.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 175,408 shares of the company's stock after acquiring an additional 107,000 shares during the quarter. Toronto Dominion Bank's holdings in Robinhood Markets were worth $6,536,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ritholtz Wealth Management purchased a new position in Robinhood Markets during the fourth quarter valued at $375,000. Merit Financial Group LLC purchased a new position in Robinhood Markets during the fourth quarter valued at $668,000. Harbor Investment Advisory LLC purchased a new position in Robinhood Markets during the fourth quarter valued at $283,000. Perpetual Ltd purchased a new position in Robinhood Markets during the fourth quarter valued at $1,139,000. Finally, Evolution Wealth Advisors LLC purchased a new position in Robinhood Markets during the fourth quarter valued at $242,000. 93.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HOOD. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $60.00 price target on shares of Robinhood Markets in a research report on Thursday, March 27th. Cantor Fitzgerald lowered their price target on Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Robinhood Markets from $54.00 to $64.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. KeyCorp lowered their price target on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Mizuho lifted their price target on Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $55.41.

Insider Buying and Selling

In other news, insider Steven M. Quirk sold 123,272 shares of Robinhood Markets stock in a transaction on Friday, February 21st. The shares were sold at an average price of $55.80, for a total transaction of $6,878,577.60. Following the completion of the sale, the insider now directly owns 298,826 shares of the company's stock, valued at approximately $16,674,490.80. The trade was a 29.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,315,960 shares of company stock valued at $113,922,224. Company insiders own 14.47% of the company's stock.

Robinhood Markets Trading Up 1.4%

HOOD stock traded up $0.91 during mid-day trading on Thursday, reaching $64.77. The company's stock had a trading volume of 27,130,451 shares, compared to its average volume of 26,446,243. The stock has a market cap of $57.35 billion, a PE ratio of 41.26, a P/E/G ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91. The company's 50 day moving average is $47.30 and its two-hundred day moving average is $44.63.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. 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 EPS. 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.