Shares of Robinhood Markets, Inc. are Acquired by Nisa Investment Advisors LLC.

Nisa Investment Advisors LLC, according to its most recent disclosure with the Securities & Exchange Commission, acquired an additional stake in Robinhood Markets, Inc. (NASDAQ: HOOD - Get Rating) during the third quarter, according to its most recent filing. Approximately $109,000 worth of shares of the company's stock were purchased by the institutional investor.

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The holdings of HOOD have recently been modified by several other hedge funds and institutional investors as well. As of the end of the 1st quarter, Vanguard Group Inc. owned 7,430.5% more shares of Robinhood Markets than it did in the previous quarter. After purchasing an additional 39,683,128 shares of the company's stock in the last quarter, Vanguard Group Inc. now owns a total of 40,217,187 shares of the company's stock valued at $543,334,000. There was an increase of 2.1% in Nikko Asset Management Americas Inc.'s holdings in Robinhood Markets in the 2nd quarter of 2018. After acquiring an additional 472,218 shares of Nikko Asset Management Americas Inc. during the past quarter, the company now owns 23,397,624 shares worth $190,691,000 of the company's common stock. During the second quarter of 2016, State Street Corp increased its stake in shares of Robinhood Markets by 266.9%. Following the acquisition of an additional 4,055,065 shares during the last quarter, State Street Corp now owns 5,574,481 shares of the company's stock, valued at $45,822,000. 

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It has been reported that Renaissance Technologies LLC acquired a new position in Robinhood Markets worth approximately $52,986,000 during the first quarter. Additionally, Spring Creek Capital LLC has increased its stake in Robinhood Markets by 130.7% during the first quarter of this year.

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During the last quarter, Spring Creek Capital LLC acquired an additional 1,932,667 shares of the company's stock, bringing its total share count to 3,411,841 shares, worth $46,094,000. In the current period, hedge funds and other institutional investors own 58.81% of the stock of the company.

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Analyst Rating Changes

There have been several analysts who have recently commented on HOOD shares. The Barclays Group decreased its price target on shares of Robinhood Markets from $10.00 to $9.00 in a research report that was published on Monday, December 19th, as well as setting an "underweight" rating for the company. On Tuesday, January 10th, JMP Securities reduced their price target on Robinhood Markets from $28.00 to $25.00 and set a “market outperform” rating on the stock as part of their research report on the stock. According to a research report released by JPMorgan Chase & Co. on Thursday, the company's price objective has been raised from $9.00 to $11.00 and they have given the company an "underweight" rating. In a research note released on Monday, January 9th, Goldman Sachs Group reduced its target price for Robinhood Markets shares from $12.50 to $9.00 and rated the company as "neutral" in a research note. The stock was given an equal weight rating by Morgan Stanley in their research note on Wednesday, January 11th, after they dropped their price target on Robinhood Markets from $13.00 to $12.00 and set a price target of $12.00 on the stock. As of today, the stock has been rated by three analysts as a sell, five analysts have given the stock a hold rating and three analysts have given the stock a buy rating. MarketBeat.com reports that the stock has an average rating of "Hold" with an average price target of $11.67 based on data from MarketBeat.com.

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Insider Buying and Selling

On Friday, December 9th, Robinhood Markets company insider Baiju Bhatt sold 91,912 shares of Robinhood Markets stock in a transaction that took place on Friday, December 9th. In total, $860,296.32 was earned by the sale of the stock at an average price of $9.36, for a total value of $860,296.32. Having completed the transaction, the insider now directly owns 1,291,108 shares of the company's stock, valued at approximately $12,084,770.88. A document about the sale has been filed with the Securities and Exchange Commission, which can be found here. Likewise, insider Baiju Bhatt, who is an employee of Robinhood Markets, sold 91,912 shares of the company's stock in a transaction that occurred on Friday, December 9th, in a transaction that occurred on Friday, December 9th. There was a total value of $860,296.32 involved in the sale of the stock, which was purchased at an average price of $9.36. After the completion of the transaction, the insider now owns 1,291,108 shares of the company's stock, which is valued at approximately $12,084,770.88. In addition, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction that took place on Monday, December 5th. It is worth noting that the stock was sold for $9.77 on average, for a total value of $122,125.00. As a result, the insider now directly owns 333,029 shares in the company, which are valued at approximately $3,253,693.33. It has been reported that insiders have sold 512,814 shares of the company stock in the last 90 days worth $4,788,986. Insiders own 15.31% of the company’s stock.

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Robinhood Markets Trading Down 3.7 %

The opening price of NASDAQ: HOOD on Friday was $10.08. Based on its market capitalization, the company has a market cap of $8.94 billion, a price-to-earnings ratio of -1.38, and a beta of 1.15. In terms of moving averages, the company's 50-day moving average is $9.17 while its 200-day moving average is $9.76. Robinhood Markets, Inc. has a twelve-month low of $6.81 and a twelve month high of $16.49.

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On Wednesday, February 8th, Robinhood Markets (NASDAQ: HOOD - Get Rating) released its most recent earnings results. According to analysts' consensus estimates, the company reported ($0.19) EPS for the quarter, which was below the analysts' consensus estimate of ($0.13) by ($0.06). It is important to note that Robinhood Markets had a negative net margin of 149.53% as well as a negative return on equity of 11.92%. Revenue of $380.00 million was achieved by the company during the third quarter, compared to the $395.16 million expected by analysts. As a comparison, the firm earned ($0.49) earnings per share during the same time last year. Compared to the same quarter last year, the business's revenue increased by 4.7% compared to its revenue for the previous quarter. For the current year, research analysts anticipate Robinhood Markets, Inc. to post earnings per share of -1.11 so far, compared to the previous year's earnings per share of 1.11.

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In the United States, Robinhood Markets, Inc provides a variety of financial services through its platform. Users of its platform can invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies through the company's platform. Among its learning and education solutions are Snacks, a digest of news stories about businesses; Learning consists of approximate articles, including guides, tutorials, and financial dictionaries; Various sites offer news feeds, including Trade Algo, Barron's, Reuters, and The Wall Street Journal, which include free premium news; enables users to create custom watchlists and alerts to keep track of securities, ETFs, and cryptocurrencies, as well as cash management services, by creating custom watchlists and alerts; As well as offering First Trade recommendations for all new customers who have not yet placed a trade with us.