Mn Services Vermogensbeheer B.V. Acquires 8,300 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Mn Services Vermogensbeheer B.V. grew its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 168,400 shares of the company’s stock after buying an additional 8,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Robinhood Markets were worth $6,275,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HOOD. Creative Planning grew its stake in shares of Robinhood Markets by 34.6% during the third quarter. Creative Planning now owns 35,384 shares of the company’s stock valued at $829,000 after buying an additional 9,094 shares during the last quarter. Raymond James & Associates grew its stake in shares of Robinhood Markets by 76.6% during the third quarter. Raymond James & Associates now owns 99,278 shares of the company’s stock valued at $2,325,000 after buying an additional 43,075 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Robinhood Markets by 301.5% during the third quarter. International Assets Investment Management LLC now owns 7,026 shares of the company’s stock valued at $165,000 after buying an additional 5,276 shares during the last quarter. HM Payson & Co. grew its stake in shares of Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after buying an additional 410 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Robinhood Markets by 94.0% during the third quarter. US Bancorp DE now owns 27,751 shares of the company’s stock valued at $650,000 after buying an additional 13,448 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the topic of several research analyst reports. Needham & Company LLC increased their price objective on Robinhood Markets from $52.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. increased their price objective on Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. KeyCorp increased their price objective on Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Barclays increased their price objective on Robinhood Markets from $54.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, Piper Sandler increased their price objective on Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.53.

Robinhood Markets Trading Up 2.7 %

Shares of HOOD opened at $50.10 on Friday. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91. The stock has a fifty day moving average price of $48.34 and a 200-day moving average price of $34.99. The firm has a market cap of $44.29 billion, a PE ratio of 31.91, a P/E/G ratio of 1.05 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Activity

In other news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $37.92, for a total transaction of $222,817.92. Following the completion of the sale, the chief technology officer now owns 11,752 shares in the company, valued at approximately $445,635.84. This represents a 33.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $38.22, for a total value of $477,750.00. Following the completion of the transaction, the insider now owns 1,106,955 shares of the company’s stock, valued at $42,307,820.10. This trade represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,624,018 shares of company stock worth $206,917,425. Insiders own 19.95% of the company’s stock.

Robinhood Markets 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.