Robinhood Markets, Inc. (NASDAQ:HOOD) Stock Holdings Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 88.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,825 shares of the company’s stock after purchasing an additional 11,650 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Robinhood Markets were worth $925,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HOOD. HM Payson & Co. boosted its position in shares of Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after buying an additional 410 shares during the period. Eastern Bank acquired a new position in Robinhood Markets during the 3rd quarter worth $30,000. True Wealth Design LLC bought a new position in shares of Robinhood Markets in the third quarter worth $30,000. ORG Wealth Partners LLC acquired a new position in shares of Robinhood Markets during the third quarter valued at $33,000. Finally, Connective Portfolio Management LLC bought a new stake in shares of Robinhood Markets during the third quarter valued at about $47,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Trading Up 3.1 %

Shares of NASDAQ HOOD opened at $54.20 on Thursday. Robinhood Markets, Inc. has a one year low of $10.53 and a one year high of $54.33. The business has a 50-day moving average price of $42.82 and a two-hundred day moving average price of $30.75. The firm has a market capitalization of $47.91 billion, a PE ratio of 91.87, a PEG ratio of 0.70 and a beta of 2.13.

Insider Transactions at Robinhood Markets

In other news, insider Steven M. Quirk sold 19,861 shares of the company’s stock in a transaction on Sunday, December 1st. The shares were sold at an average price of $37.54, for a total value of $745,581.94. Following the transaction, the insider now directly owns 395,166 shares of the company’s stock, valued at approximately $14,834,531.64. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $29,370,000.00. The disclosure for this sale can be found here. Insiders sold 3,857,561 shares of company stock valued at $159,976,719 over the last three months. 19.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on HOOD shares. KeyCorp boosted their price target on shares of Robinhood Markets from $50.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and upped their target price for the stock from $40.00 to $46.00 in a research report on Friday, December 6th. JMP Securities lifted their price target on Robinhood Markets from $33.00 to $40.00 and gave the company a “market outperform” rating in a research report on Tuesday, November 12th. Citigroup boosted their price target on shares of Robinhood Markets from $25.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. upgraded shares of Robinhood Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $20.00 to $43.00 in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average target price of $43.73.

Robinhood Markets 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.