Mn Services Vermogensbeheer B.V. Sells 20,100 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Mn Services Vermogensbeheer B.V. lessened its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 11.9% during the first quarter, HoldingsChannel.com reports. The firm owned 148,300 shares of the company’s stock after selling 20,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Robinhood Markets were worth $6,172,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HOOD. Whipplewood Advisors LLC lifted its position in shares of Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock worth $25,000 after purchasing an additional 508 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares in the last quarter. Colonial Trust Co SC bought a new stake in shares of Robinhood Markets in the fourth quarter worth $34,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Robinhood Markets by 139.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company’s stock worth $36,000 after purchasing an additional 498 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Analysts Set New Price Targets

HOOD has been the topic of a number of research reports. Barclays cut their price objective on shares of Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Cantor Fitzgerald cut their price target on shares of Robinhood Markets from $62.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Redburn Atlantic reiterated a “sell” rating and issued a $48.00 price target (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. JPMorgan Chase & Co. increased their price target on shares of Robinhood Markets from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 price target on shares of Robinhood Markets in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.17.

Robinhood Markets Price Performance

Shares of HOOD opened at $76.75 on Tuesday. The firm has a market capitalization of $67.96 billion, a PE ratio of 48.89, a PEG ratio of 1.05 and a beta of 2.25. The company’s 50-day moving average is $57.07 and its 200-day moving average is $49.08. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $77.80.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The business had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. During the same period in the prior year, the business posted $0.18 earnings per share. Robinhood Markets’s revenue was up 50.0% compared to the same quarter last year. Analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $73.49, for a total transaction of $431,018.85. Following the transaction, the chief technology officer now directly owns 20,636 shares of the company’s stock, valued at approximately $1,516,539.64. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Baiju Bhatt sold 418,338 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $74.29, for a total transaction of $31,078,330.02. Following the transaction, the director now directly owns 7,863 shares in the company, valued at approximately $584,142.27. This represents a 98.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,650,974 shares of company stock valued at $142,977,123. 14.47% of the stock is owned by company insiders.

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.