National Asset Management Inc. Invests $157,000 in Robinhood Markets, Inc. (NASDAQ:HOOD)

National Asset Management Inc. purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOODGet Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,564 shares of the company’s stock, valued at approximately $157,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Parallel Advisors LLC lifted its stake in shares of Robinhood Markets by 29.2% during the 1st quarter. Parallel Advisors LLC now owns 4,668 shares of the company’s stock worth $68,000 after purchasing an additional 1,056 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of Robinhood Markets during the 4th quarter worth $27,000. Hexagon Capital Partners LLC lifted its stake in shares of Robinhood Markets by 60.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the company’s stock worth $54,000 after purchasing an additional 1,500 shares during the last quarter. Ieq Capital LLC lifted its stake in shares of Robinhood Markets by 11.5% during the 1st quarter. Ieq Capital LLC now owns 18,979 shares of the company’s stock worth $256,000 after purchasing an additional 1,952 shares during the last quarter. Finally, CWM LLC purchased a new stake in Robinhood Markets in the fourth quarter valued at about $43,000. 64.46% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Stock Down 0.1 %

Robinhood Markets stock opened at $9.04 on Tuesday. The firm has a market cap of $7.88 billion and a price-to-earnings ratio of -0.82. Robinhood Markets, Inc. has a 52 week low of $6.81 and a 52 week high of $85.00. The business’s 50-day moving average price is $8.61 and its 200 day moving average price is $10.84.

Analysts Set New Price Targets

HOOD has been the subject of a number of research analyst reports. Piper Sandler decreased their price target on Robinhood Markets from $13.00 to $11.00 in a research note on Friday, April 29th. KeyCorp decreased their price target on Robinhood Markets from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday. Atlantic Securities cut Robinhood Markets from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $15.00 to $5.00 in a research note on Wednesday, June 15th. JMP Securities decreased their price target on Robinhood Markets from $36.00 to $28.00 and set a “market outperform” rating for the company in a research note on Tuesday, July 12th. Finally, Wolfe Research decreased their price target on Robinhood Markets from $15.00 to $10.00 in a research note on Friday, April 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Hold” and a consensus target price of $16.26.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Scott D. Sandell sold 8,792 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $8.41, for a total value of $73,940.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Robinhood Markets news, Director Scott D. Sandell sold 8,792 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $8.41, for a total value of $73,940.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason Warnick sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $8.53, for a total value of $170,600.00. Following the completion of the sale, the chief financial officer now directly owns 426,407 shares in the company, valued at $3,637,251.71. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,973 shares of company stock valued at $888,448.

Robinhood Markets Company Profile

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Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.

See Also

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

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