Robinhood Markets, Inc. (NASDAQ:HOOD) Position Increased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 224.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,583 shares of the company's stock after acquiring an additional 71,652 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Robinhood Markets were worth $3,860,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HOOD. MetLife Investment Management LLC lifted its stake in shares of Robinhood Markets by 1.5% during the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock valued at $440,000 after buying an additional 171 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in Robinhood Markets by 2.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company's stock valued at $368,000 after acquiring an additional 233 shares during the period. First Horizon Advisors Inc. lifted its holdings in Robinhood Markets by 7.8% during the 4th quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock worth $142,000 after purchasing an additional 277 shares in the last quarter. Spire Wealth Management grew its stake in Robinhood Markets by 104.6% during the fourth quarter. Spire Wealth Management now owns 1,074 shares of the company's stock valued at $40,000 after acquiring an additional 549 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Robinhood Markets by 130.7% during the 4th quarter. Allworth Financial LP now owns 1,135 shares of the company's stock valued at $42,000 after purchasing an additional 643 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on HOOD shares. Wolfe Research lowered shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Piper Sandler increased their price target on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Needham & Company LLC dropped their price target on Robinhood Markets from $62.00 to $58.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Citigroup dropped their price target on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price 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. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.24.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 94,156 shares of the business's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $50.67, for a total value of $4,770,884.52. Following the completion of the transaction, the director now owns 7,863 shares in the company, valued at $398,418.21. The trade was a 92.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 50,000 shares of Robinhood Markets stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $60.77, for a total transaction of $3,038,500.00. Following the completion of the transaction, the insider now owns 706,642 shares of the company's stock, valued at $42,942,634.34. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,309,593 shares of company stock valued at $113,525,021 in the last ninety days. 19.95% of the stock is currently owned by corporate insiders.

Robinhood Markets Stock Up 1.6 %

NASDAQ HOOD traded up $0.77 during trading hours on Tuesday, reaching $48.82. The company's stock had a trading volume of 30,484,432 shares, compared to its average volume of 25,904,644. The firm's 50-day moving average price is $43.07 and its 200-day moving average price is $41.96. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The company has a market capitalization of $43.22 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business 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 business's quarterly revenue was up 50.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share. Equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS 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.