28,530 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the fourth quarter, HoldingsChannel reports. The firm bought 28,530 shares of the company’s stock, valued at approximately $1,063,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HOOD. Allspring Global Investments Holdings LLC boosted its position in shares of Robinhood Markets by 1,211,858.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company’s stock worth $89,410,000 after acquiring an additional 3,817,355 shares during the last quarter. Azora Capital LP bought a new position in Robinhood Markets during the third quarter valued at $79,780,000. FMR LLC lifted its position in Robinhood Markets by 31.3% during the third quarter. FMR LLC now owns 14,129,544 shares of the company’s stock valued at $330,914,000 after purchasing an additional 3,368,118 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Robinhood Markets by 486.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,788,666 shares of the company’s stock valued at $103,906,000 after purchasing an additional 2,313,213 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Robinhood Markets by 19.5% during the third quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company’s stock valued at $271,708,000 after purchasing an additional 1,895,427 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other Robinhood Markets news, Director Meyer Malka sold 105,875 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.00, for a total transaction of $3,176,250.00. Following the transaction, the director now directly owns 28,930,243 shares in the company, valued at $867,907,290. This represents a 0.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven M. Quirk sold 19,861 shares of the stock in a transaction dated Sunday, December 1st. The stock was sold at an average price of $37.54, for a total transaction of $745,581.94. Following the transaction, the insider now owns 395,166 shares in the company, valued at approximately $14,834,531.64. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,938,436 shares of company stock worth $161,862,969 in the last three months. Corporate insiders own 19.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on HOOD shares. Keefe, Bruyette & Woods increased their price objective on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Sanford C. Bernstein increased their price objective on shares of Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. KeyCorp increased their price objective on shares of Robinhood Markets from $50.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Morgan Stanley increased their target price on shares of Robinhood Markets from $55.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. raised shares of Robinhood Markets from an “underweight” rating to a “neutral” rating and increased their target price for the company from $20.00 to $43.00 in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.73.

Robinhood Markets Price Performance

HOOD stock opened at $52.58 on Wednesday. The company has a market capitalization of $46.48 billion, a PE ratio of 89.12, a P/E/G ratio of 0.70 and a beta of 2.13. Robinhood Markets, Inc. has a 12 month low of $10.51 and a 12 month high of $53.51. The firm’s 50-day moving average is $42.49 and its 200 day moving average is $30.59.

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.