SYM FINANCIAL Corp Takes $222,000 Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

SYM FINANCIAL Corp bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the fourth quarter, Holdings Channel.com reports. The fund bought 5,956 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC bought a new position in shares of Robinhood Markets in the 4th quarter worth about $322,000. New Wave Wealth Advisors LLC bought a new stake in shares of Robinhood Markets during the 4th quarter valued at about $26,000. Mediolanum International Funds Ltd acquired a new stake in Robinhood Markets during the fourth quarter worth approximately $515,000. Highland Capital Management LLC bought a new stake in Robinhood Markets in the fourth quarter worth approximately $242,000. Finally, Swedbank AB lifted its stake in Robinhood Markets by 14.5% in the fourth quarter. Swedbank AB now owns 258,435 shares of the company’s stock valued at $9,629,000 after buying an additional 32,714 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Down 2.0 %

HOOD stock opened at $51.95 on Monday. The business has a 50 day moving average of $41.88 and a 200-day moving average of $30.18. The firm has a market cap of $45.92 billion, a PE ratio of 88.05, a P/E/G ratio of 0.69 and a beta of 2.07. Robinhood Markets, Inc. has a 12-month low of $10.51 and a 12-month high of $53.51.

Analysts Set New Price Targets

Several analysts have recently commented on HOOD shares. KeyCorp lifted their price objective on shares of Robinhood Markets from $50.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, December 20th. The Goldman Sachs Group upgraded Robinhood Markets from a “neutral” rating to a “buy” rating and raised their target price for the company from $40.00 to $46.00 in a research note on Friday, December 6th. Piper Sandler increased their price target on Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Finally, Morgan Stanley boosted their price objective on Robinhood Markets from $55.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.73.

Insider Activity

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $38.22, for a total value of $477,750.00. Following the sale, the insider now directly owns 1,106,955 shares in the company, valued at $42,307,820.10. The trade was a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Baiju Bhatt sold 108,964 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $24.92, for a total value of $2,715,382.88. Following the transaction, the director now owns 2,521 shares of the company’s stock, valued at $62,823.32. The trade was a 97.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,047,400 shares of company stock valued at $164,578,352 in the last ninety days. 19.95% of the stock is currently owned by insiders.

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.