US Bancorp DE Has $650,000 Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

US Bancorp DE boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 94.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,751 shares of the company’s stock after buying an additional 13,448 shares during the quarter. US Bancorp DE’s holdings in Robinhood Markets were worth $650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HOOD. Vanguard Group Inc. increased its stake in shares of Robinhood Markets by 1.8% in the first quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock valued at $1,143,960,000 after buying an additional 1,003,535 shares during the period. Renaissance Technologies LLC raised its position in Robinhood Markets by 37.7% during the 2nd quarter. Renaissance Technologies LLC now owns 7,651,700 shares of the company’s stock worth $173,770,000 after purchasing an additional 2,094,800 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Robinhood Markets by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,075,468 shares of the company’s stock worth $92,549,000 after buying an additional 112,967 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Robinhood Markets by 1,211,858.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company’s stock valued at $89,410,000 after buying an additional 3,817,355 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Robinhood Markets by 8.7% during the second quarter. Bank of New York Mellon Corp now owns 2,410,791 shares of the company’s stock worth $54,749,000 after acquiring an additional 193,585 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 143,944 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $18.73, for a total value of $2,696,071.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Meyer Malka sold 105,875 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $30.00, for a total value of $3,176,250.00. Following the transaction, the director now owns 28,930,243 shares in the company, valued at approximately $867,907,290. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Baiju Bhatt sold 143,944 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $18.73, for a total value of $2,696,071.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,854,493 shares of company stock valued at $118,173,265. 19.95% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Robinhood Markets from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Barclays lifted their price objective on Robinhood Markets from $23.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods cut their price target on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Robinhood Markets in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Hold” and a consensus price target of $25.17.

Robinhood Markets Trading Up 4.0 %

Shares of NASDAQ:HOOD opened at $30.54 on Monday. The stock has a market cap of $27.00 billion, a PE ratio of 51.76, a price-to-earnings-growth ratio of 0.73 and a beta of 1.84. The stock’s fifty day simple moving average is $24.17 and its two-hundred day simple moving average is $21.83. Robinhood Markets, Inc. has a 1-year low of $7.91 and a 1-year high of $30.63.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The firm had revenue of $637.00 million during the quarter, compared to the consensus estimate of $660.53 million. During the same period in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 36.4% on a year-over-year basis. On average, sell-side analysts forecast that Robinhood Markets, Inc. will post 0.71 earnings per share for the current fiscal year.

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.