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

Tredje AP fonden lowered its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 79.2% in the third quarter, HoldingsChannel.com reports. The firm owned 123,198 shares of the company’s stock after selling 470,100 shares during the period. Tredje AP fonden’s holdings in Robinhood Markets were worth $17,639,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Stevens Capital Management LP lifted its stake in Robinhood Markets by 128.6% during the third quarter. Stevens Capital Management LP now owns 287,809 shares of the company’s stock worth $41,208,000 after purchasing an additional 161,931 shares in the last quarter. Kovack Advisors Inc. raised its holdings in shares of Robinhood Markets by 2.5% in the 3rd quarter. Kovack Advisors Inc. now owns 4,121 shares of the company’s stock valued at $590,000 after buying an additional 100 shares during the period. WT Asset Management Ltd acquired a new position in Robinhood Markets during the 3rd quarter worth about $128,805,000. Frisch Financial Group Inc. acquired a new position in Robinhood Markets during the 3rd quarter worth about $233,000. Finally, Prakash Investment Advisors LLC purchased a new position in Robinhood Markets during the 3rd quarter valued at about $3,396,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets News Summary

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HOOD. Truist Financial cut their price target on shares of Robinhood Markets from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Argus initiated coverage on shares of Robinhood Markets in a report on Friday, January 9th. They issued a “buy” rating and a $145.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Robinhood Markets in a research note on Monday, December 22nd. Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.71.

Read Our Latest Research Report on Robinhood Markets

Insider Activity at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total transaction of $15,855,600.00. Following the transaction, the insider owned 430,012 shares of the company’s stock, valued at approximately $56,817,485.56. This trade represents a 21.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $121.63, for a total value of $45,611,250.00. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 706,413 shares of company stock worth $85,161,009. Insiders own 14.47% of the company’s stock.

Robinhood Markets Trading Up 0.6%

HOOD stock opened at $76.11 on Friday. The stock has a market cap of $68.44 billion, a P/E ratio of 36.95, a PEG ratio of 1.28 and a beta of 2.43. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86. The company’s 50 day moving average is $103.45 and its two-hundred day moving average is $117.16.

Robinhood Markets (NASDAQ:HOODGet Free Report) last posted its earnings results on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $1.01 EPS. The company’s revenue was up 26.5% on a year-over-year basis. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share 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.

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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)

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