Matauro LLC Sells 8,401 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Matauro LLC cut its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 18.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,502 shares of the company’s stock after selling 8,401 shares during the quarter. Matauro LLC’s holdings in Robinhood Markets were worth $1,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of HOOD. FMR LLC boosted its position in Robinhood Markets by 184.8% during the 4th quarter. FMR LLC now owns 40,237,478 shares of the company’s stock valued at $1,499,248,000 after acquiring an additional 26,107,934 shares in the last quarter. Norges Bank purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $329,598,000. GQG Partners LLC purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $302,325,000. Artisan Partners Limited Partnership purchased a new position in Robinhood Markets in the 4th quarter worth approximately $152,949,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Robinhood Markets by 335.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company’s stock worth $193,202,000 after acquiring an additional 3,994,745 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wolfe Research lowered shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. JMP Securities restated a “market outperform” rating and issued a $70.00 price objective on shares of Robinhood Markets in a report on Thursday, May 1st. Compass Point assumed coverage on shares of Robinhood Markets in a report on Wednesday, March 19th. They issued a “buy” rating and a $61.00 price objective for the company. Redburn Atlantic restated a “sell” rating and issued a $48.00 price objective (up from $40.00) on shares of Robinhood Markets in a report on Monday, June 9th. Finally, Morgan Stanley boosted their target price on shares of Robinhood Markets from $40.00 to $43.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.17.

Robinhood Markets Stock Down 1.7%

Shares of Robinhood Markets stock opened at $72.60 on Friday. The firm has a market cap of $64.28 billion, a price-to-earnings ratio of 46.24, a PEG ratio of 1.05 and a beta of 2.25. The business has a 50-day moving average price of $56.22 and a 200-day moving average price of $48.65. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $77.80.

Robinhood Markets (NASDAQ:HOOD) last announced 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 net margin of 47.81% and a return on equity of 13.53%. The business had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. During the same period in the previous year, the business posted $0.18 EPS. The firm’s revenue was up 50.0% on a year-over-year basis. On average, equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Activity at Robinhood Markets

In other news, Director Baiju Bhatt sold 418,338 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were 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 of the company’s stock, valued at approximately $584,142.27. This trade represents a 98.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $43.36, for a total transaction of $253,786.08. Following the transaction, the chief technology officer now directly owns 11,706 shares in the company, valued at approximately $507,572.16. This trade represents a 33.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,650,974 shares of company stock valued at $142,977,123. Insiders own 14.47% of the company’s stock.

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.