Vestmark Advisory Solutions Inc. Takes Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Vestmark Advisory Solutions Inc. purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 542,000 shares of the company's stock, valued at approximately $6,905,000. Vestmark Advisory Solutions Inc. owned approximately 0.06% of Robinhood Markets at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Robinhood Markets by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company's stock valued at $561,732,000 after purchasing an additional 2,459,702 shares during the period. ARK Investment Management LLC raised its position in shares of Robinhood Markets by 6.4% in the fourth quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company's stock worth $445,087,000 after acquiring an additional 2,101,325 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Robinhood Markets by 9.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company's stock worth $372,081,000 after acquiring an additional 2,517,012 shares in the last quarter. Northern Trust Corp grew its position in shares of Robinhood Markets by 37.5% during the 3rd quarter. Northern Trust Corp now owns 3,099,424 shares of the company's stock valued at $30,405,000 after acquiring an additional 845,178 shares during the period. Finally, TB Alternative Assets Ltd. increased its stake in shares of Robinhood Markets by 14.9% in the 4th quarter. TB Alternative Assets Ltd. now owns 2,896,500 shares of the company's stock valued at $36,901,000 after purchasing an additional 375,300 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Stock Up 1.9 %

HOOD traded up $0.34 during trading on Friday, reaching $17.95. The company's stock had a trading volume of 9,478,765 shares, compared to its average volume of 9,134,183. The company has a market cap of $15.70 billion, a price-to-earnings ratio of -29.92 and a beta of 1.74. The firm has a fifty day simple moving average of $17.70 and a two-hundred day simple moving average of $13.24. Robinhood Markets, Inc. has a 1 year low of $7.91 and a 1 year high of $20.55.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. The firm had revenue of $471.00 million for the quarter, compared to the consensus estimate of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The firm's revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.19) earnings per share. As a group, equities analysts forecast that Robinhood Markets, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Robinhood Markets from $12.00 to $16.00 and gave the stock a "hold" rating in a research report on Tuesday, March 19th. Keefe, Bruyette & Woods started coverage on shares of Robinhood Markets in a research note on Wednesday, April 3rd. They issued a "market perform" rating and a $20.00 price target on the stock. Mizuho boosted their price target on shares of Robinhood Markets from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, March 19th. TheStreet raised shares of Robinhood Markets from a "d+" rating to a "c-" rating in a report on Wednesday, February 28th. Finally, Barclays lifted their target price on shares of Robinhood Markets from $11.00 to $16.00 and gave the company an "underweight" rating in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Robinhood Markets presently has a consensus rating of "Hold" and a consensus target price of $18.88.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 25,049 shares of the business's stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $17.04, for a total value of $426,834.96. Following the transaction, the chief executive officer now directly owns 32,584 shares in the company, valued at approximately $555,231.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Robinhood Markets news, CEO Vladimir Tenev sold 25,049 shares of the firm's stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $17.04, for a total transaction of $426,834.96. Following the completion of the sale, the chief executive officer now owns 32,584 shares of the company's stock, valued at $555,231.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $10.61, for a total value of $132,625.00. Following the completion of the transaction, the insider now directly owns 738,291 shares in the company, valued at approximately $7,833,267.51. The disclosure for this sale can be found here. Insiders have sold a total of 2,413,026 shares of company stock worth $37,007,017 in the last quarter. Company insiders own 20.81% of the company's stock.

About Robinhood Markets

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.