Robinhood Markets, Inc. $HOOD Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG cut its stake in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 25.1% in the third quarter, Holdings Channel reports. The fund owned 119,447 shares of the company’s stock after selling 39,936 shares during the period. Raiffeisen Bank International AG’s holdings in Robinhood Markets were worth $16,331,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HOOD. Caisse Des Depots ET Consignations acquired a new position in Robinhood Markets during the 3rd quarter worth $3,984,000. Jennison Associates LLC acquired a new stake in Robinhood Markets in the 3rd quarter valued at about $322,823,000. New York Life Investment Management LLC acquired a new stake in Robinhood Markets in the 3rd quarter valued at about $14,989,000. Aberdeen Group plc boosted its stake in shares of Robinhood Markets by 565.1% in the 3rd quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock valued at $26,565,000 after buying an additional 157,643 shares during the period. Finally, NEOS Investment Management LLC acquired a new position in shares of Robinhood Markets during the third quarter worth about $11,994,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $107.48, for a total transaction of $630,262.72. Following the transaction, the chief technology officer directly owned 9,133 shares in the company, valued at approximately $981,614.84. This trade represents a 39.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $121.63, for a total transaction of $45,611,250.00. The SEC filing for this sale provides additional information. In the last three months, insiders sold 706,413 shares of company stock valued at $85,161,009. 14.47% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on HOOD shares. Piper Sandler reduced their target price on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. 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 report on Thursday, November 6th. Bank of America dropped their price objective on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Finally, Barclays lowered their target price on shares of Robinhood Markets from $159.00 to $124.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $121.71.

Read Our Latest Research Report on Robinhood Markets

Robinhood Markets Trading Up 0.6%

HOOD stock opened at $76.11 on Friday. The company’s 50 day moving average is $103.45 and its two-hundred day moving average is $117.16. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86. 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 (NASDAQ:HOODGet Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company earned $1.01 earnings per share. Robinhood Markets’s quarterly revenue was up 26.5% compared to the same quarter last year. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

More Robinhood Markets News

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Robinhood Markets Profile

(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.

Further Reading

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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