TimesSquare Capital Management LLC Sells 173,770 Shares of Robinhood Markets, Inc. $HOOD

TimesSquare Capital Management LLC lessened its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 25.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 507,601 shares of the company’s stock after selling 173,770 shares during the period. TimesSquare Capital Management LLC’s holdings in Robinhood Markets were worth $57,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Csenge Advisory Group lifted its stake in Robinhood Markets by 539.2% in the 4th quarter. Csenge Advisory Group now owns 9,396 shares of the company’s stock valued at $1,063,000 after purchasing an additional 7,926 shares during the last quarter. ProShare Advisors LLC lifted its stake in Robinhood Markets by 11.2% in the 4th quarter. ProShare Advisors LLC now owns 172,765 shares of the company’s stock valued at $19,540,000 after purchasing an additional 17,351 shares during the last quarter. Verde Capital Management lifted its stake in Robinhood Markets by 151.2% in the 4th quarter. Verde Capital Management now owns 4,859 shares of the company’s stock valued at $550,000 after purchasing an additional 2,925 shares during the last quarter. WD Rutherford LLC lifted its stake in Robinhood Markets by 25.4% in the 4th quarter. WD Rutherford LLC now owns 40,514 shares of the company’s stock valued at $4,582,000 after purchasing an additional 8,211 shares during the last quarter. Finally, Entrust Financial LLC bought a new position in Robinhood Markets in the 4th quarter valued at approximately $50,000. Institutional investors own 93.27% of the company’s stock.

Insider Activity

In other news, insider Steven M. Quirk sold 8,540 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $84.93, for a total transaction of $725,302.20. Following the completion of the sale, the insider directly owned 53,183 shares in the company, valued at $4,516,832.19. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $76.89, for a total transaction of $768,900.00. Following the sale, the insider owned 432,849 shares of the company’s stock, valued at approximately $33,281,759.61. This trade represents a 2.26% decrease in their ownership of the stock. 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 three months, insiders have sold 487,907 shares of company stock valued at $35,444,040. 19.95% of the stock is currently owned by company insiders.

Robinhood Markets Stock Performance

HOOD stock opened at $77.15 on Tuesday. The company has a fifty day moving average price of $76.39 and a 200-day moving average price of $98.07. The company has a market capitalization of $69.47 billion, a P/E ratio of 37.27, a PEG ratio of 2.52 and a beta of 2.29. Robinhood Markets, Inc. has a 52-week low of $59.68 and a 52-week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. Robinhood Markets’s 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. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HOOD has been the subject of several research reports. Compass Point reissued a “buy” rating on shares of Robinhood Markets in a research note on Wednesday, February 11th. New Street Research set a $122.00 price objective on shares of Robinhood Markets in a research note on Thursday, March 5th. Argus dropped their price objective on shares of Robinhood Markets from $102.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of Robinhood Markets from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Finally, Jefferies Financial Group dropped their price objective on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Eighteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.88.

Robinhood Markets Company Profile

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.