Universal Beteiligungs und Servicegesellschaft mbH Decreases Stake in Robinhood Markets, Inc. $HOOD

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 29.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,954 shares of the company’s stock after selling 88,515 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Robinhood Markets were worth $20,033,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after buying an additional 148 shares during the period. Hemington Wealth Management increased its position in shares of Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after acquiring an additional 218 shares during the period. Smithfield Trust Co purchased a new stake in Robinhood Markets during the 2nd quarter worth about $29,000. Pandora Wealth Inc. acquired a new stake in Robinhood Markets in the first quarter valued at approximately $33,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Down 1.4%

NASDAQ:HOOD opened at $114.30 on Wednesday. Robinhood Markets, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $153.86. The company has a market cap of $102.78 billion, a P/E ratio of 47.43, a P/E/G ratio of 2.59 and a beta of 2.42. The firm’s 50 day moving average is $132.70 and its two-hundred day moving average is $104.10.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $0.17 earnings per share. Robinhood Markets’s revenue for the quarter was up 100.0% on a year-over-year basis. Research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HOOD. CICC Research started coverage on shares of Robinhood Markets in a research report on Monday, October 27th. They set an “outperform” rating and a $155.00 price objective for the company. Barclays increased their price objective on Robinhood Markets from $162.00 to $168.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Mizuho lifted their target price on shares of Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Citigroup lifted their price target on Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Finally, JMP Securities upped their target price on shares of Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 9th. Fifteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.65.

Insider Buying and Selling at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $146.91, for a total transaction of $861,480.24. Following the sale, the chief technology officer owned 6,088 shares in the company, valued at $894,388.08. This trade represents a 49.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven M. Quirk sold 48,350 shares of Robinhood Markets stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $140.61, for a total transaction of $6,798,493.50. Following the sale, the insider directly owned 70,279 shares in the company, valued at $9,881,930.19. This trade represents a 40.76% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 4,297,404 shares of company stock worth $529,026,559. Insiders own 19.95% of the company’s stock.

About Robinhood Markets

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.