Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Purchased by Barclays PLC

Barclays PLC boosted its stake in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 237.7% in the third quarter, Holdings Channel reports. The fund owned 373,764 shares of the company’s stock after buying an additional 263,072 shares during the quarter. Barclays PLC’s holdings in Robinhood Markets were worth $3,666,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HOOD. Covestor Ltd acquired a new position in shares of Robinhood Markets in the 1st quarter valued at approximately $28,000. Quantbot Technologies LP acquired a new stake in shares of Robinhood Markets during the 2nd quarter valued at approximately $28,000. Peoples Bank KS acquired a new stake in shares of Robinhood Markets during the 3rd quarter valued at approximately $29,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Robinhood Markets during the 2nd quarter valued at approximately $29,000. Finally, Partners Capital Investment Group LLP acquired a new stake in shares of Robinhood Markets during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Insider Activity at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $10.30, for a total transaction of $128,750.00. Following the completion of the transaction, the insider now owns 698,369 shares of the company’s stock, valued at $7,193,200.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $11.60, for a total transaction of $2,900,000.00. Following the completion of the sale, the chief executive officer now directly owns 291,134 shares of the company’s stock, valued at $3,377,154.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $10.30, for a total value of $128,750.00. Following the sale, the insider now directly owns 698,369 shares of the company’s stock, valued at $7,193,200.70. The disclosure for this sale can be found here. Insiders sold 1,250,736 shares of company stock valued at $14,489,505 over the last 90 days. 20.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HOOD shares. The Goldman Sachs Group upped their price target on Robinhood Markets from $10.00 to $11.50 and gave the company a “neutral” rating in a research report on Thursday, January 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $23.00 target price on shares of Robinhood Markets in a research report on Friday, December 1st. Redburn Atlantic assumed coverage on Robinhood Markets in a research report on Friday, December 1st. They issued a “neutral” rating and a $9.50 target price on the stock. Mizuho increased their target price on Robinhood Markets from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Morgan Stanley dropped their target price on Robinhood Markets from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Friday, November 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.65.

Get Our Latest Analysis on Robinhood Markets

Robinhood Markets Stock Up 2.9 %

Shares of HOOD stock opened at $11.55 on Monday. The stock has a 50-day simple moving average of $11.62 and a 200 day simple moving average of $10.50. Robinhood Markets, Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $13.51. The stock has a market capitalization of $9.99 billion, a P/E ratio of -14.09 and a beta of 1.38.

Robinhood Markets Profile

(Free Report)

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 provides various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is an online collection of beginners' guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and Dow Jones; Snacks, an accessible digest of business news stories for new generation of investors.

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Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOODFree Report).

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

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