Nvwm LLC Sells 2,747 Shares of Robinhood Markets, Inc. $HOOD

Nvwm LLC decreased its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 11.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,257 shares of the company’s stock after selling 2,747 shares during the period. Nvwm LLC’s holdings in Robinhood Markets were worth $1,897,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of HOOD. Hantz Financial Services Inc. lifted its stake in Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after purchasing an additional 148 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Robinhood Markets in the 2nd quarter worth about $36,000. LGT Financial Advisors LLC bought a new stake in Robinhood Markets in the 2nd quarter valued at about $37,000. Atlantic Union Bankshares Corp purchased a new stake in Robinhood Markets during the second quarter valued at about $37,000. Finally, REAP Financial Group LLC boosted its position in Robinhood Markets by 44.1% during the second quarter. REAP Financial Group LLC now owns 523 shares of the company’s stock worth $49,000 after purchasing an additional 160 shares during the period. 93.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $145.95, for a total value of $3,648,750.00. Following the sale, the insider owned 540,949 shares in the company, valued at $78,951,506.55. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven M. Quirk sold 48,350 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $140.61, for a total transaction of $6,798,493.50. Following the completion of the transaction, the insider owned 70,279 shares of the company’s stock, valued at $9,881,930.19. This trade represents a 40.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,385,742 shares of company stock worth $403,923,453. Insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Down 10.8%

NASDAQ HOOD opened at $127.08 on Friday. The stock’s 50-day simple moving average is $129.58 and its two-hundred day simple moving average is $98.91. Robinhood Markets, Inc. has a twelve month low of $28.67 and a twelve month high of $153.86. The company has a market capitalization of $112.93 billion, a price-to-earnings ratio of 52.73, a PEG ratio of 3.70 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.41 by $0.20. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a return on equity of 22.13% and a net margin of 52.19%.The company’s revenue was up 100.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. On average, equities analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Cantor Fitzgerald raised their price objective on shares of Robinhood Markets from $130.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America increased their target price on Robinhood Markets from $139.00 to $157.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Morgan Stanley lifted their price target on Robinhood Markets from $110.00 to $146.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. Zacks Research lowered Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Keefe, Bruyette & Woods raised their target price on Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research note on Thursday. Fourteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.65.

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.