11,950 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by M&T Bank Corp

M&T Bank Corp purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOODGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,950 shares of the company’s stock, valued at approximately $98,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd purchased a new position in Robinhood Markets in the 1st quarter valued at approximately $28,000. Prospera Financial Services Inc purchased a new position in Robinhood Markets in the 1st quarter valued at approximately $29,000. CWM LLC acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at $33,000. Parallel Advisors LLC raised its holdings in shares of Robinhood Markets by 29.2% in the 1st quarter. Parallel Advisors LLC now owns 4,668 shares of the company’s stock valued at $68,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Robinhood Markets by 89.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,707 shares of the company’s stock valued at $55,000 after purchasing an additional 3,175 shares in the last quarter. Hedge funds and other institutional investors own 57.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HOOD shares. Morgan Stanley raised their price objective on shares of Robinhood Markets from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, November 7th. The Goldman Sachs Group raised their price objective on shares of Robinhood Markets from $11.50 to $13.00 and gave the company a “neutral” rating in a report on Thursday, November 3rd. KeyCorp raised their price objective on shares of Robinhood Markets from $11.00 to $13.00 and gave the company an “overweight” rating in a report on Thursday, November 3rd. Piper Sandler reduced their price objective on shares of Robinhood Markets from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, August 3rd. Finally, Mizuho raised their price objective on shares of Robinhood Markets from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, November 4th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.36.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock opened at $9.47 on Friday. Robinhood Markets, Inc. has a 1 year low of $6.81 and a 1 year high of $32.93. The company has a market capitalization of $8.40 billion, a P/E ratio of -1.29 and a beta of 1.01. The company’s fifty day moving average is $10.44 and its two-hundred day moving average is $9.64.

Insiders Place Their Bets

In other Robinhood Markets news, CEO Vladimir Tenev sold 29,368 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $11.63, for a total transaction of $341,549.84. Following the transaction, the chief executive officer now directly owns 1,411,270 shares of the company’s stock, valued at approximately $16,413,070.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Robinhood Markets news, insider Baiju Bhatt sold 29,366 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $11.63, for a total transaction of $341,526.58. Following the transaction, the insider now directly owns 399,032 shares of the company’s stock, valued at approximately $4,640,742.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vladimir Tenev sold 29,368 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $11.63, for a total transaction of $341,549.84. Following the transaction, the chief executive officer now directly owns 1,411,270 shares in the company, valued at $16,413,070.10. The disclosure for this sale can be found here. 15.31% of the stock is currently owned by insiders.

Robinhood Markets Company Profile

(Get Rating)

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.

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Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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