Robinhood Markets, Inc. (NASDAQ:HOOD) Holdings Decreased by Swedbank AB

Swedbank AB lessened its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 0.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 225,721 shares of the company’s stock after selling 2,000 shares during the period. Swedbank AB’s holdings in Robinhood Markets were worth $5,286,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Robinhood Markets by 1,211,858.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company’s stock valued at $89,410,000 after acquiring an additional 3,817,355 shares in the last quarter. Renaissance Technologies LLC lifted its position in Robinhood Markets by 37.7% in the second quarter. Renaissance Technologies LLC now owns 7,651,700 shares of the company’s stock worth $173,770,000 after purchasing an additional 2,094,800 shares during the period. Sparta 24 Ltd. boosted its stake in Robinhood Markets by 905.8% during the 3rd quarter. Sparta 24 Ltd. now owns 1,625,158 shares of the company’s stock valued at $38,061,000 after purchasing an additional 1,463,578 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Robinhood Markets by 169.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,991,586 shares of the company’s stock valued at $40,092,000 after purchasing an additional 1,251,495 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Robinhood Markets by 274.7% in the second quarter. AQR Capital Management LLC now owns 1,661,824 shares of the company’s stock valued at $37,341,000 after buying an additional 1,218,317 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling

In other news, Director Meyer Malka sold 105,875 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.00, for a total transaction of $3,176,250.00. Following the completion of the sale, the director now owns 28,930,243 shares in the company, valued at approximately $867,907,290. This represents a 0.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.33, for a total value of $241,625.00. Following the transaction, the insider now directly owns 1,045,068 shares in the company, valued at approximately $20,201,164.44. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,685,549 shares of company stock worth $114,953,194. Insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Up 3.4 %

Shares of NASDAQ:HOOD opened at $37.65 on Thursday. The firm has a fifty day moving average of $27.55 and a two-hundred day moving average of $23.29. Robinhood Markets, Inc. has a 12-month low of $8.35 and a 12-month high of $39.74. The firm has a market capitalization of $33.28 billion, a P/E ratio of 63.81, a price-to-earnings-growth ratio of 0.88 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. During the same quarter last year, the firm earned ($0.09) EPS. The business’s revenue for the quarter was up 36.4% compared to the same quarter last year. Equities research analysts expect that Robinhood Markets, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Needham & Company LLC raised Robinhood Markets from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Monday, November 18th. Bank of America boosted their target price on shares of Robinhood Markets from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Citigroup lifted their price target on shares of Robinhood Markets from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. The Goldman Sachs Group dropped their price target on Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Barclays lifted their target price on Robinhood Markets from $23.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and an average target price of $30.59.

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.