Lbp Am Sa Cuts Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Lbp Am Sa reduced its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,153 shares of the company’s stock after selling 9,946 shares during the period. Lbp Am Sa’s holdings in Robinhood Markets were worth $1,869,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in shares of Robinhood Markets by 26.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 109,033 shares of the company’s stock worth $4,063,000 after purchasing an additional 22,508 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Robinhood Markets by 4.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 108,614 shares of the company’s stock worth $4,158,000 after purchasing an additional 4,200 shares during the last quarter. Tredje AP fonden boosted its holdings in shares of Robinhood Markets by 124.0% during the 4th quarter. Tredje AP fonden now owns 280,000 shares of the company’s stock worth $10,433,000 after purchasing an additional 155,000 shares during the last quarter. Vestcor Inc boosted its holdings in shares of Robinhood Markets by 43.6% during the 4th quarter. Vestcor Inc now owns 10,425 shares of the company’s stock worth $388,000 after purchasing an additional 3,164 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in shares of Robinhood Markets by 752.3% during the 4th quarter. Rakuten Securities Inc. now owns 21,862 shares of the company’s stock worth $815,000 after purchasing an additional 19,297 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Sanford C. Bernstein boosted their target price on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price objective on Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Morgan Stanley upped their price objective on Robinhood Markets from $64.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on Robinhood Markets from $75.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Wolfe Research cut Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.31.

Robinhood Markets Trading Up 8.9 %

Robinhood Markets stock opened at $39.24 on Friday. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The stock’s fifty day simple moving average is $48.88 and its 200-day simple moving average is $36.49. The firm has a market capitalization of $34.75 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.05 and a beta of 2.14.

Robinhood Markets (NASDAQ:HOOD) last posted 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 return on equity of 13.53% and a net margin of 47.81%. Sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Transactions at Robinhood Markets

In related news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total value of $29,370,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Baiju Bhatt sold 522,180 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $62.70, for a total value of $32,740,686.00. Following the completion of the transaction, the director now directly owns 5,042 shares in the company, valued at $316,133.40. This trade represents a 99.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,985,127 shares of company stock valued at $142,455,378. 19.95% of the stock is currently owned by company insiders.

About Robinhood Markets

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.