Skandinaviska Enskilda Banken AB publ Acquires 16,500 Shares of Robinhood Markets, Inc. $HOOD

Skandinaviska Enskilda Banken AB publ increased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 12.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,714 shares of the company’s stock after purchasing an additional 16,500 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Robinhood Markets were worth $14,111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HOOD. True Vision MN LLC lifted its holdings in shares of Robinhood Markets by 1.7% in the second quarter. True Vision MN LLC now owns 6,858 shares of the company’s stock worth $642,000 after buying an additional 116 shares in the last quarter. Forum Financial Management LP increased its holdings in Robinhood Markets by 0.8% in the 2nd quarter. Forum Financial Management LP now owns 17,997 shares of the company’s stock valued at $1,685,000 after acquiring an additional 134 shares during the last quarter. Hemington Wealth Management increased its holdings in Robinhood Markets by 22.5% in the 2nd quarter. Hemington Wealth Management now owns 779 shares of the company’s stock valued at $72,000 after acquiring an additional 143 shares during the last quarter. Ballentine Partners LLC lifted its stake in Robinhood Markets by 2.3% in the 2nd quarter. Ballentine Partners LLC now owns 6,624 shares of the company’s stock worth $620,000 after purchasing an additional 148 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Robinhood Markets by 120.3% during the 2nd 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. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $128.55 on Friday. The firm has a market capitalization of $115.59 billion, a price-to-earnings ratio of 53.34, a PEG ratio of 2.89 and a beta of 2.42. The business has a 50 day simple moving average of $132.70 and a 200-day simple moving average of $107.37. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $0.17 EPS. The company’s revenue for the quarter was up 100.0% compared to the same quarter last year. As a group, analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HOOD. CICC Research assumed coverage on Robinhood Markets in a report on Monday, October 27th. They issued an “outperform” rating and a $155.00 target price on the stock. The Goldman Sachs Group raised their price target on Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Zacks Research downgraded Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. JMP Securities upped their price objective on Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a report on Thursday, October 9th. Finally, Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a report on Wednesday, November 12th. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.95.

Insider Activity

In related news, Director Baiju Bhatt sold 1,330,000 shares of Robinhood Markets stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $128.47, for a total transaction of $170,865,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total transaction of $104,797,500.00. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,970,272 shares of company stock worth $505,742,993. 14.47% of the stock is currently owned by insiders.

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.