Amundi Decreases Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Amundi reduced its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 6.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,325,357 shares of the company’s stock after selling 318,077 shares during the period. Amundi owned 0.49% of Robinhood Markets worth $176,518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in Robinhood Markets in the fourth quarter valued at approximately $26,000. True Wealth Design LLC acquired a new stake in shares of Robinhood Markets in the 3rd quarter worth $30,000. Silicon Valley Capital Partners acquired a new stake in shares of Robinhood Markets in the 4th quarter worth $37,000. Bogart Wealth LLC purchased a new position in Robinhood Markets during the 4th quarter worth $37,000. Finally, Spire Wealth Management increased its position in Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock valued at $40,000 after buying an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

HOOD has been the subject of several recent analyst reports. JMP Securities raised their price target on Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a report on Thursday, February 13th. Barclays lifted their target price on shares of Robinhood Markets from $54.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Piper Sandler upped their price target on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Citigroup boosted their price objective on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and an average target price of $60.13.

Insider Buying and Selling

In related news, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $37.51, for a total value of $11,253,000.00. Following the completion of the sale, the insider now owns 806,955 shares of the company’s stock, valued at approximately $30,268,882.05. The trade was a 27.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93. Following the transaction, the chief technology officer now owns 17,559 shares of the company’s stock, valued at $821,936.79. This represents a 25.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,171,641 shares of company stock valued at $149,567,157. 19.95% of the stock is owned by company insiders.

Robinhood Markets Price Performance

HOOD opened at $44.42 on Monday. The firm has a fifty day moving average price of $49.03 and a 200 day moving average price of $36.03. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The stock has a market cap of $39.33 billion, a P/E ratio of 28.29, a P/E/G ratio of 1.05 and a beta of 2.14.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Robinhood Markets Company 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.