Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank increased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 31.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 68,408 shares of the company’s stock after buying an additional 16,219 shares during the period. Toronto Dominion Bank’s holdings in Robinhood Markets were worth $1,602,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Geode Capital Management LLC boosted its position in Robinhood Markets by 19.5% during the 3rd quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company’s stock valued at $271,708,000 after purchasing an additional 1,895,427 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Robinhood Markets by 15.5% during the third quarter. Public Employees Retirement System of Ohio now owns 303,629 shares of the company’s stock valued at $7,111,000 after acquiring an additional 40,647 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Robinhood Markets by 12.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 154,100 shares of the company’s stock worth $3,609,000 after acquiring an additional 17,200 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Robinhood Markets during the third quarter worth about $1,965,000. Finally, MML Investors Services LLC increased its holdings in shares of Robinhood Markets by 58.0% in the 3rd quarter. MML Investors Services LLC now owns 51,839 shares of the company’s stock worth $1,214,000 after acquiring an additional 19,027 shares during the period. Institutional investors own 93.27% of the company’s stock.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Meyer Malka sold 3,225,806 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $25.07, for a total transaction of $80,870,956.42. Following the completion of the sale, the director now directly owns 29,357,336 shares of the company’s stock, valued at approximately $735,988,413.52. This represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $22.37, for a total transaction of $279,625.00. Following the completion of the transaction, the insider now directly owns 1,057,500 shares in the company, valued at approximately $23,656,275. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,037,689 shares of company stock valued at $177,092,487 in the last three months. 19.95% of the stock is currently owned by corporate insiders.

Robinhood Markets Trading Up 2.2 %

NASDAQ:HOOD opened at $40.20 on Monday. The company has a 50-day moving average of $31.70 and a 200-day moving average of $25.04. The firm has a market cap of $35.54 billion, a price-to-earnings ratio of 68.14, a price-to-earnings-growth ratio of 0.76 and a beta of 2.09. Robinhood Markets, Inc. has a twelve month low of $10.38 and a twelve month high of $42.76.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.09) earnings per share. On average, research analysts forecast that Robinhood Markets, Inc. will post 0.8 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JMP Securities upped their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 12th. KeyCorp raised their target price on Robinhood Markets from $30.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and set a $52.00 price target (up previously from $40.00) on shares of Robinhood Markets in a research report on Monday, December 9th. Barclays raised Robinhood Markets from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $26.00 to $49.00 in a report on Monday, December 9th. Finally, Sanford C. Bernstein upped their price objective on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.13.

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.