Robinhood Markets, Inc. $HOOD Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 17.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 593,298 shares of the company’s stock after selling 124,622 shares during the period. Tredje AP fonden’s holdings in Robinhood Markets were worth $55,550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HOOD. HighTower Advisors LLC increased its holdings in Robinhood Markets by 6.4% in the first quarter. HighTower Advisors LLC now owns 50,264 shares of the company’s stock valued at $2,092,000 after buying an additional 3,032 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Robinhood Markets by 184.4% in the first quarter. TD Private Client Wealth LLC now owns 1,829 shares of the company’s stock valued at $76,000 after buying an additional 1,186 shares in the last quarter. Wellington Management Group LLP increased its holdings in Robinhood Markets by 3.1% in the first quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock valued at $677,000 after buying an additional 486 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Robinhood Markets by 125.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 19,201 shares of the company’s stock valued at $799,000 after buying an additional 10,703 shares in the last quarter. Finally, Metavasi Capital LP increased its holdings in Robinhood Markets by 275.0% in the first quarter. Metavasi Capital LP now owns 75,000 shares of the company’s stock valued at $3,122,000 after buying an additional 55,000 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

HOOD has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Robinhood Markets from $89.00 to $106.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. Compass Point reissued a “buy” rating on shares of Robinhood Markets in a research note on Monday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on shares of Robinhood Markets from $134.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Finally, Citigroup raised their price objective on shares of Robinhood Markets from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.10.

Insider Transactions at Robinhood Markets

In related news, insider Steven M. Quirk sold 60,113 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the transaction, the insider directly owned 94,454 shares in the company, valued at approximately $9,531,353.14. This represents a 38.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $104.23, for a total value of $2,605,750.00. Following the transaction, the insider owned 566,887 shares in the company, valued at $59,086,632.01. This trade represents a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,377,523 shares of company stock valued at $400,284,076. Corporate insiders own 14.47% of the company’s stock.

Robinhood Markets Price Performance

Shares of HOOD opened at $146.78 on Friday. The stock has a market cap of $130.44 billion, a price-to-earnings ratio of 74.51, a price-to-earnings-growth ratio of 3.81 and a beta of 2.42. Robinhood Markets, Inc. has a 1-year low of $23.00 and a 1-year high of $153.86. The firm has a 50 day simple moving average of $126.98 and a 200-day simple moving average of $96.60.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The company had revenue of $989.00 million for the quarter, compared to analyst estimates of $893.93 million. During the same quarter in the prior year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 45.0% compared to the same quarter last year. On average, equities analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

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.