UniSuper Management Pty Ltd Sells 3,500 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

UniSuper Management Pty Ltd lessened its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 25.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,200 shares of the company’s stock after selling 3,500 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Robinhood Markets were worth $380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HOOD. New Wave Wealth Advisors LLC purchased a new stake in shares of Robinhood Markets during the 4th quarter valued at $26,000. True Wealth Design LLC acquired a new position in Robinhood Markets during the 3rd quarter valued at about $30,000. Creative Financial Designs Inc. ADV raised its stake in Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after buying an additional 750 shares during the last quarter. Silicon Valley Capital Partners acquired a new stake in Robinhood Markets in the fourth quarter worth about $37,000. Finally, Bogart Wealth LLC purchased a new stake in shares of Robinhood Markets during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Activity

In other Robinhood Markets news, Director Baiju Bhatt sold 47,023 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $46.37, for a total value of $2,180,456.51. Following the sale, the director now directly owns 5,042 shares of the company’s stock, valued at approximately $233,797.54. This trade represents a 90.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $43.36, for a total value of $253,786.08. Following the completion of the sale, the chief technology officer now owns 11,706 shares of the company’s stock, valued at $507,572.16. This trade represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,955,655 shares of company stock worth $143,072,448 in the last ninety days. Company insiders own 19.95% of the company’s stock.

Analyst Ratings Changes

HOOD has been the subject of several research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $60.00 price objective on shares of Robinhood Markets in a research report on Thursday, March 27th. The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and raised their price target for the stock from $40.00 to $46.00 in a report on Friday, December 6th. JMP Securities boosted their price objective on shares of Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a report on Thursday, February 13th. Wolfe Research downgraded Robinhood Markets from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Finally, Raymond James began coverage on Robinhood Markets in a research report on Wednesday, February 5th. They set a “market perform” rating for the company. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.82.

Robinhood Markets Trading Down 0.7 %

Robinhood Markets stock opened at $41.62 on Tuesday. The firm has a market cap of $36.85 billion, a PE ratio of 26.51, a P/E/G ratio of 1.05 and a beta of 2.14. The stock’s 50 day simple moving average is $49.03 and its two-hundred day simple moving average is $38.46. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) 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%. On average, equities research analysts forecast 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.