Robinhood Markets, Inc. $HOOD Shares Sold by US Bancorp DE

US Bancorp DE decreased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 11.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 64,207 shares of the company’s stock after selling 7,988 shares during the quarter. US Bancorp DE’s holdings in Robinhood Markets were worth $9,193,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HOOD. North Star Investment Management Corp. lifted its position in shares of Robinhood Markets by 44.9% during the 3rd quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock worth $37,000 after buying an additional 79 shares during the last quarter. First Command Advisory Services Inc. raised its stake in Robinhood Markets by 33.8% during the 3rd quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock worth $46,000 after acquiring an additional 81 shares in the last quarter. CogentBlue Wealth Advisors LLC raised its stake in Robinhood Markets by 3.8% during the 3rd quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $342,000 after acquiring an additional 87 shares in the last quarter. ORG Partners LLC boosted its stake in Robinhood Markets by 5.5% in the third quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock valued at $269,000 after acquiring an additional 97 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after acquiring an additional 99 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $132.26, for a total transaction of $775,704.90. Following the transaction, the chief technology officer owned 26,725 shares in the company, valued at approximately $3,534,648.50. The trade was a 18.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $121.63, for a total value of $45,611,250.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 640,939 shares of company stock valued at $77,553,447. Company insiders own 14.47% of the company’s stock.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $75.85 on Friday. The business has a 50 day simple moving average of $99.23 and a 200-day simple moving average of $115.98. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86. The stock has a market capitalization of $68.29 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 1.53 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOODGet Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. Robinhood Markets’s revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Key Robinhood Markets News

Here are the key news stories impacting Robinhood Markets this week:

Analyst Upgrades and Downgrades

HOOD has been the subject of several research reports. Barclays reduced their target price on Robinhood Markets from $159.00 to $124.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Zacks Research cut Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. KeyCorp cut their target price on shares of Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, February 9th. Argus started coverage on shares of Robinhood Markets in a research report on Friday, January 9th. They issued a “buy” rating and a $145.00 price target for the company. Finally, Piper Sandler decreased their price target on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.71.

View Our Latest Analysis on HOOD

About Robinhood Markets

(Free Report)

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.

Featured Stories

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Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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