Mn Services Vermogensbeheer B.V. Grows Position in Robinhood Markets, Inc. $HOOD

Mn Services Vermogensbeheer B.V. grew its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,564 shares of the company’s stock after purchasing an additional 7,964 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Robinhood Markets were worth $32,184,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Valley National Advisers Inc. raised its position in shares of Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Golden State Wealth Management LLC boosted its holdings in Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after buying an additional 99 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Robinhood Markets in the 3rd quarter worth approximately $29,000. Vision Financial Markets LLC grew its stake in Robinhood Markets by 100.0% in the 3rd quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock valued at $29,000 after buying an additional 100 shares in the last quarter. Finally, Guerra Advisors Inc bought a new stake in Robinhood Markets during the 3rd quarter valued at $30,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $75.49, for a total transaction of $754,900.00. Following the completion of the sale, the insider owned 452,849 shares in the company, valued at approximately $34,185,571.01. This trade represents a 2.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction dated 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. Insiders have sold 469,268 shares of company stock valued at $54,409,454 in the last ninety days. Corporate insiders own 19.95% of the company’s stock.

Analyst Ratings Changes

HOOD has been the topic of several recent research reports. Truist Financial dropped their target price on Robinhood Markets from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Morgan Stanley lifted their price target on Robinhood Markets from $146.00 to $147.00 and gave the company an “equal weight” rating in a research report on Monday, December 22nd. The Goldman Sachs Group decreased their price objective on Robinhood Markets from $102.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Barclays dropped their price objective on Robinhood Markets from $159.00 to $124.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Finally, Needham & Company LLC cut their target price on Robinhood Markets from $135.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Get Our Latest Analysis on Robinhood Markets

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $65.16 on Tuesday. The firm has a fifty day moving average price of $81.54 and a two-hundred day moving average price of $111.05. The company has a market cap of $58.66 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 1.49 and a beta of 2.47. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The business’s quarterly revenue was up 26.5% on a year-over-year basis. Equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Key Headlines Impacting Robinhood Markets

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

Robinhood Markets Company Profile

(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.

Recommended Stories

Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOODFree Report).

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

Receive News & Ratings for Robinhood Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robinhood Markets and related companies with MarketBeat.com's FREE daily email newsletter.