Robinhood Markets, Inc. $HOOD Shares Sold by World Investment Advisors

World Investment Advisors lessened its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 58.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,192 shares of the company’s stock after selling 18,328 shares during the quarter. World Investment Advisors’ holdings in Robinhood Markets were worth $1,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. CogentBlue Wealth Advisors LLC grew its holdings in shares of Robinhood Markets by 3.8% during the third quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $342,000 after buying an additional 87 shares in the last quarter. Wedmont Private Capital grew its stake in Robinhood Markets by 0.4% in the 3rd quarter. Wedmont Private Capital now owns 25,319 shares of the company’s stock worth $3,671,000 after acquiring an additional 113 shares during the period. True Vision MN LLC raised its holdings in Robinhood Markets by 1.7% in the 2nd quarter. True Vision MN LLC now owns 6,858 shares of the company’s stock valued at $642,000 after acquiring an additional 116 shares during the last quarter. Forum Financial Management LP lifted its stake in shares of Robinhood Markets by 0.8% during the 2nd quarter. Forum Financial Management LP now owns 17,997 shares of the company’s stock worth $1,685,000 after purchasing an additional 134 shares during the period. Finally, Hemington Wealth Management lifted its stake in shares of Robinhood Markets by 22.5% during the 2nd quarter. Hemington Wealth Management now owns 779 shares of the company’s stock worth $72,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In related news, insider Steven M. Quirk sold 49,942 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total transaction of $6,549,893.30. Following the completion of the sale, the insider directly owned 54,496 shares of the company’s stock, valued at approximately $7,147,150.40. This represents a 47.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $122.39, for a total value of $717,694.96. Following the completion of the transaction, the chief technology officer directly owned 20,861 shares in the company, valued at $2,553,177.79. This trade represents a 21.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,686,763 shares of company stock worth $475,848,059 over the last three months. 14.47% of the stock is currently owned by insiders.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $118.13 on Friday. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86. The firm has a market capitalization of $106.22 billion, a P/E ratio of 49.02, a P/E/G ratio of 2.16 and a beta of 2.43. The business’s 50-day simple moving average is $127.79 and its 200-day simple moving average is $115.48.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.41 by $0.20. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. Robinhood Markets’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. On average, equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HOOD has been the subject of a number of recent analyst reports. KeyCorp lifted their price objective on Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Citigroup lifted their price target on Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. CICC Research started coverage on shares of Robinhood Markets in a research note on Monday, October 27th. They set an “outperform” rating and a $155.00 price objective for the company. Truist Financial assumed coverage on shares of Robinhood Markets in a report on Wednesday, December 17th. They set a “buy” rating and a $155.00 price objective on the stock. Finally, JMP Securities boosted their target price on shares of Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $137.30.

Robinhood Markets Company Profile

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.