17,020 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 17,020 shares of the company’s stock, valued at approximately $634,000.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Robinhood Markets by 49.3% during the fourth quarter. GAMMA Investing LLC now owns 5,858 shares of the company’s stock worth $218,000 after acquiring an additional 1,935 shares during the last quarter. Versant Capital Management Inc boosted its stake in Robinhood Markets by 6,799.1% during the 4th quarter. Versant Capital Management Inc now owns 22,974 shares of the company’s stock valued at $856,000 after purchasing an additional 22,641 shares during the period. Garden State Investment Advisory Services LLC bought a new position in Robinhood Markets in the 3rd quarter worth about $263,000. Franklin Resources Inc. acquired a new stake in shares of Robinhood Markets in the third quarter valued at approximately $6,321,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Robinhood Markets in the third quarter valued at approximately $351,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Robinhood Markets news, Director Meyer Malka sold 1,535,681 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $40.11, for a total transaction of $61,596,164.91. Following the completion of the sale, the director now directly owns 4,974,238 shares in the company, valued at approximately $199,516,686.18. This trade represents a 23.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Steven M. Quirk sold 208,291 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $24.98, for a total value of $5,203,109.18. Following the completion of the transaction, the insider now owns 346,020 shares in the company, valued at $8,643,579.60. This represents a 37.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,807,772 shares of company stock valued at $211,393,158. Company insiders own 19.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HOOD shares. 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. Sanford C. Bernstein increased their price target on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. KeyCorp lifted their price objective on shares of Robinhood Markets from $30.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $52.00 price objective (up previously from $40.00) on shares of Robinhood Markets in a report on Monday, December 9th. Finally, Morgan Stanley raised shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $24.00 to $55.00 in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.20.

Robinhood Markets Stock Up 4.8 %

Shares of Robinhood Markets stock opened at $41.35 on Friday. Robinhood Markets, Inc. has a 12-month low of $10.38 and a 12-month high of $43.83. The firm has a market capitalization of $36.55 billion, a PE ratio of 70.09, a price-to-earnings-growth ratio of 0.81 and a beta of 2.09. The stock’s fifty day moving average is $35.52 and its 200-day moving average is $26.79.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. Robinhood Markets’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) earnings per share. Analysts expect that Robinhood Markets, Inc. will post 0.8 EPS for the current year.

Robinhood Markets Company 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.