Robinhood Markets, Inc. $HOOD Stock Holdings Lessened by Candriam S.C.A.

Candriam S.C.A. lessened its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 35.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,656 shares of the company’s stock after selling 59,198 shares during the quarter. Candriam S.C.A.’s holdings in Robinhood Markets were worth $12,381,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HOOD. Cooper Haims Advisors LLC raised its position in Robinhood Markets by 24.3% during the third quarter. Cooper Haims Advisors LLC now owns 2,509 shares of the company’s stock worth $282,000 after acquiring an additional 491 shares in the last quarter. J. Derek Lewis & Associates Inc. grew its position in shares of Robinhood Markets by 35.6% in the 3rd quarter. J. Derek Lewis & Associates Inc. now owns 4,137 shares of the company’s stock valued at $465,000 after acquiring an additional 1,085 shares during the period. Ethic Inc. grew its position in shares of Robinhood Markets by 10.5% in the 3rd quarter. Ethic Inc. now owns 64,051 shares of the company’s stock valued at $7,206,000 after acquiring an additional 6,099 shares during the period. Kornitzer Capital Management Inc. KS bought a new position in shares of Robinhood Markets in the 3rd quarter valued at about $1,462,000. Finally, Pictet Asset Management Holding SA increased its stake in shares of Robinhood Markets by 9.6% during the 3rd quarter. Pictet Asset Management Holding SA now owns 354,818 shares of the company’s stock worth $39,917,000 after purchasing an additional 31,042 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In related news, CAO Dara Bazzano sold 4,473 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $85.32, for a total value of $381,636.36. Following the transaction, the chief accounting officer owned 3,000 shares in the company, valued at approximately $255,960. This represents a 59.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $113.72, for a total transaction of $42,645,000.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares in the company, valued at approximately $42,645,000. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,095,820 shares of company stock worth $128,775,816 in the last ninety days. Insiders own 13.48% of the company’s stock.

Robinhood Markets Trading Up 3.0%

HOOD stock opened at $83.32 on Tuesday. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $139.75. The stock has a market cap of $74.91 billion, a price-to-earnings ratio of 38.40, a price-to-earnings-growth ratio of 1.95 and a beta of 2.56. The company has a fifty day moving average price of $105.55 and a two-hundred day moving average price of $92.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.24 and a quick ratio of 1.24.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. Robinhood Markets had a net margin of 39.04% and a return on equity of 21.49%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. Equities analysts anticipate that Robinhood Markets, Inc. will post 2.10 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HOOD shares. Needham & Company LLC dropped their target price on shares of Robinhood Markets from $126.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Loop Capital set a $135.00 price target on Robinhood Markets in a report on Tuesday, September 29th. Morgan Stanley lifted their price target on Robinhood Markets from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, October 9th. CICC Research boosted their price target on Robinhood Markets from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Rothschild & Co Redburn upped their price objective on Robinhood Markets from $78.00 to $80.00 and gave the company a “sell” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.45.

Robinhood Markets Profile

Robinhood Markets, Inc operates a digital financial services platform that gives customers access to investing and financial products through its website and mobile app. Its offerings include trading in stocks, exchange-traded funds, options and cryptocurrencies, as well as retirement accounts and cash-management services.

Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood built its business around making financial services more accessible through a mobile-first platform. The company is headquartered in Menlo Park, California, and serves customers in the United States and select international markets.

Robinhood also offers subscription-based services through Robinhood Gold, which provides eligible customers with additional account features.