Robinhood Markets, Inc. $HOOD Stock Holdings Lifted by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 27.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,346,365 shares of the company’s stock after buying an additional 508,960 shares during the quarter. Deutsche Bank AG’s holdings in Robinhood Markets were worth $265,374,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of HOOD. Vanguard Group Inc. lifted its position in shares of Robinhood Markets by 24.9% in the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock worth $13,521,497,000 after buying an additional 18,824,923 shares during the last quarter. State Street Corp lifted its position in shares of Robinhood Markets by 103.2% in the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after buying an additional 16,375,734 shares during the last quarter. Norges Bank bought a new position in shares of Robinhood Markets in the 4th quarter worth about $1,202,160,000. Jennison Associates LLC lifted its position in shares of Robinhood Markets by 95.7% in the 4th quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock worth $499,001,000 after buying an additional 2,157,372 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Robinhood Markets by 48.5% in the 3rd quarter. Northern Trust Corp now owns 6,157,337 shares of the company’s stock worth $881,608,000 after buying an additional 2,011,820 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HOOD. KeyCorp restated an “overweight” rating and issued a $100.00 price target on shares of Robinhood Markets in a research report on Monday, June 1st. Mizuho raised their price target on shares of Robinhood Markets from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. New Street Research set a $122.00 price objective on shares of Robinhood Markets in a research report on Thursday, March 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $110.00 price objective on shares of Robinhood Markets in a research report on Tuesday. Finally, Jefferies Financial Group cut their price objective on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.18.

Check Out Our Latest Analysis on Robinhood Markets

Robinhood Markets Trading Up 3.1%

Robinhood Markets stock opened at $86.36 on Thursday. The stock has a market cap of $77.77 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 2.09 and a beta of 2.35. The company’s 50-day moving average price is $79.17 and its two-hundred day moving average price is $92.28. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. Research analysts expect that Robinhood Markets, Inc. will post 1.83 earnings per share for the current fiscal year.

Key Robinhood Markets News

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

Insider Activity

In related news, Director Meyer Malka bought 250,000 shares of the stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $80.74 per share, with a total value of $20,185,000.00. Following the purchase, the director owned 3,924,427 shares in the company, valued at approximately $316,858,235.98. This represents a 6.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven M. Quirk sold 10,837 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $85.91, for a total transaction of $931,006.67. Following the transaction, the insider directly owned 81,989 shares in the company, valued at approximately $7,043,674.99. The trade was a 11.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have acquired 680,000 shares of company stock worth $55,306,560 and have sold 571,602 shares worth $41,959,746. Corporate insiders own 14.47% of the company’s stock.

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.

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

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