Ameritas Investment Partners Inc. Buys New Shares in Robinhood Markets, Inc. $HOOD

Ameritas Investment Partners Inc. bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOODFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,055 shares of the company’s stock, valued at approximately $1,010,000.

Other hedge funds also recently bought and sold shares of the company. North Star Investment Management Corp. grew its position in shares of Robinhood Markets by 44.9% during the third quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock worth $37,000 after buying an additional 79 shares in the last quarter. First Command Advisory Services Inc. raised its holdings in Robinhood Markets by 33.8% in the third quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock valued at $46,000 after acquiring an additional 81 shares in the last quarter. CogentBlue Wealth Advisors LLC lifted its stake in Robinhood Markets by 3.8% in the third quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $342,000 after acquiring an additional 87 shares during the last quarter. ORG Partners LLC grew its holdings in Robinhood Markets by 5.5% during the 3rd quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock worth $269,000 after acquiring an additional 97 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in Robinhood Markets by 107.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $132.26, for a total transaction of $775,704.90. Following the completion of the sale, the chief technology officer directly owned 26,725 shares of the company’s stock, valued at $3,534,648.50. This represents a 18.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $121.63, for a total value of $45,611,250.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 640,939 shares of company stock worth $77,553,447. Insiders own 14.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HOOD shares. Bank of America reduced their price objective on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. The Goldman Sachs Group decreased their price target on Robinhood Markets from $152.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Argus initiated coverage on Robinhood Markets in a report on Friday, January 9th. They issued a “buy” rating and a $145.00 price objective on the stock. Cantor Fitzgerald cut their target price on Robinhood Markets from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Robinhood Markets in a research note on Monday, December 22nd. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.71.

Check Out Our Latest Stock Report on HOOD

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $79.45 on Friday. The firm’s fifty day simple moving average is $100.14 and its 200-day simple moving average is $116.23. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86. The stock has a market capitalization of $71.44 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 1.57 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOODGet Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $1.01 EPS. Robinhood Markets’s revenue for the quarter was up 26.5% on a year-over-year basis. Analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

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Robinhood Markets Company Profile

(Free Report)

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.

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

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