8,506 Shares in Robinhood Markets, Inc. $HOOD Bought by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOODFree Report) in the 1st quarter, HoldingsChannel reports. The fund bought 8,506 shares of the company’s stock, valued at approximately $589,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Evolution Wealth Advisors LLC boosted its holdings in shares of Robinhood Markets by 5.2% in the 4th quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock valued at $217,000 after buying an additional 95 shares during the period. CogentBlue Wealth Advisors LLC lifted its holdings in Robinhood Markets by 4.1% in the fourth quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock worth $282,000 after acquiring an additional 98 shares during the last quarter. SOA Wealth Advisors LLC. lifted its holdings in Robinhood Markets by 11.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock worth $109,000 after acquiring an additional 100 shares during the last quarter. Barnes Dennig Private Wealth Management LLC boosted its stake in Robinhood Markets by 10.2% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 1,210 shares of the company’s stock valued at $137,000 after acquiring an additional 112 shares during the period. Finally, Bogart Wealth LLC grew its holdings in shares of Robinhood Markets by 8.5% during the fourth quarter. Bogart Wealth LLC now owns 1,463 shares of the company’s stock valued at $165,000 after purchasing an additional 114 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Robinhood Markets

In related news, Director Meyer Malka bought 250,000 shares of the stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $80.74 per share, with a total value of $20,185,000.00. Following the purchase, the director owned 3,924,427 shares in the company, valued at approximately $316,858,235.98. This represents a 6.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shiv Verma sold 3,984 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $98.84, for a total transaction of $393,778.56. Following the sale, the chief financial officer owned 59,927 shares in the company, valued at $5,923,184.68. This trade represents a 6.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders purchased 680,000 shares of company stock valued at $55,306,560 and sold 242,649 shares valued at $20,250,598. Company insiders own 19.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Zacks Research upgraded Robinhood Markets from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Piper Sandler reaffirmed an “overweight” rating on shares of Robinhood Markets in a research report on Thursday. Morgan Stanley cut their target price on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. BTIG Research reissued a “buy” rating and set a $125.00 price target on shares of Robinhood Markets in a report on Thursday. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $110.00 price target on shares of Robinhood Markets in a research report on Tuesday, June 9th. Twenty investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Read Our Latest Analysis on Robinhood Markets

Key Headlines Impacting Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

Robinhood Markets Price Performance

HOOD opened at $112.73 on Monday. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The stock has a market cap of $101.51 billion, a P/E ratio of 54.46, a P/E/G ratio of 2.53 and a beta of 2.33. The stock’s 50 day moving average price is $87.70 and its 200 day moving average price is $89.43.

Robinhood Markets (NASDAQ:HOODGet Free Report) last announced its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned $0.37 EPS. The firm’s revenue was up 15.1% on a year-over-year basis. Equities analysts anticipate that Robinhood Markets, Inc. will post 1.81 EPS for the current year.

About Robinhood Markets

(Free Report)

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.

Featured Stories

Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOODFree Report).

Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

Receive News & Ratings for Robinhood Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robinhood Markets and related companies with MarketBeat.com's FREE daily email newsletter.