IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 66.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,843 shares of the company’s stock after acquiring an additional 15,106 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Robinhood Markets were worth $1,410,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its position in shares of Robinhood Markets by 31.3% in the third quarter. FMR LLC now owns 14,129,544 shares of the company’s stock worth $330,914,000 after purchasing an additional 3,368,118 shares during the last quarter. State Street Corp grew its stake in Robinhood Markets by 8.7% in the 3rd quarter. State Street Corp now owns 13,558,321 shares of the company’s stock worth $317,536,000 after buying an additional 1,085,679 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Robinhood Markets by 19.5% in the 3rd quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company’s stock worth $271,708,000 after buying an additional 1,895,427 shares during the last quarter. GQG Partners LLC purchased a new stake in shares of Robinhood Markets during the 4th quarter valued at $302,325,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Robinhood Markets by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company’s stock worth $175,857,000 after acquiring an additional 138,267 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Down 1.7 %

HOOD stock opened at $43.99 on Friday. The business has a 50 day moving average of $49.29 and a 200 day moving average of $37.91. The firm has a market cap of $38.95 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share 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%. On average, research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Needham & Company LLC raised their price objective on Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods upped their target price on Robinhood Markets from $38.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. Mizuho lifted their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, JMP Securities upped their price objective on shares of Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.29.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $40.45, for a total value of $4,045,000.00. Following the completion of the transaction, the insider now owns 731,642 shares of the company’s stock, valued at $29,594,918.90. This represents a 12.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,955,655 shares of company stock worth $143,072,448. 19.95% of the stock is owned by corporate insiders.

About Robinhood Markets

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.