26,123 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 26,123 shares of the company’s stock, valued at approximately $973,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. purchased a new stake in Robinhood Markets in the fourth quarter worth $273,000. Mn Services Vermogensbeheer B.V. lifted its stake in Robinhood Markets by 5.2% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 168,400 shares of the company’s stock worth $6,275,000 after acquiring an additional 8,300 shares during the period. Allegiance Financial Group Advisory Services LLC purchased a new stake in Robinhood Markets in the fourth quarter worth $207,000. GenTrust LLC purchased a new stake in Robinhood Markets in the fourth quarter worth $5,783,000. Finally, NewEdge Wealth LLC purchased a new stake in Robinhood Markets in the fourth quarter worth $1,221,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. KeyCorp raised their price target on Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft increased their price objective on Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. 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 report on Thursday, February 13th. Sanford C. Bernstein increased their price objective on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Wolfe Research downgraded Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.53.

Insider Buying and Selling

In related news, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total value of $29,370,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of Robinhood Markets stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $37.51, for a total value of $11,253,000.00. Following the completion of the sale, the insider now owns 806,955 shares of the company’s stock, valued at $30,268,882.05. The trade was a 27.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,140,788 shares of company stock worth $148,067,678. 19.95% of the stock is owned by corporate insiders.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $46.22 on Wednesday. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91. The business has a fifty day moving average price of $48.67 and a 200-day moving average price of $35.48. The company has a market capitalization of $40.93 billion, a PE ratio of 29.44, a PEG ratio of 1.05 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping 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, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

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.