Quadrature Capital Ltd Sells 72,712 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Quadrature Capital Ltd decreased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Get Rating) by 59.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,560 shares of the company’s stock after selling 72,712 shares during the quarter. Quadrature Capital Ltd’s holdings in Robinhood Markets were worth $510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quinn Opportunity Partners LLC boosted its position in shares of Robinhood Markets by 699.9% in the third quarter. Quinn Opportunity Partners LLC now owns 3,406,921 shares of the company’s stock valued at $34,410,000 after acquiring an additional 2,981,017 shares during the period. Engineers Gate Manager LP acquired a new stake in Robinhood Markets in the 3rd quarter worth $1,684,000. Ethic Inc. acquired a new stake in Robinhood Markets in the 3rd quarter worth $192,000. Baker Avenue Asset Management LP bought a new position in shares of Robinhood Markets during the 3rd quarter worth about $303,000. Finally, Bank of New York Mellon Corp raised its position in shares of Robinhood Markets by 26.0% during the third quarter. Bank of New York Mellon Corp now owns 1,497,750 shares of the company’s stock valued at $15,128,000 after buying an additional 309,508 shares during the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.

Insider Activity

In other news, CEO Vladimir Tenev sold 83,333 shares of the firm’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $8.24, for a total value of $686,663.92. Following the completion of the sale, the chief executive officer now directly owns 1,244,603 shares in the company, valued at $10,255,528.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Robinhood Markets news, insider Baiju Bhatt sold 106,061 shares of the business’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $8.53, for a total value of $904,700.33. Following the completion of the transaction, the insider now directly owns 1,185,047 shares of the company’s stock, valued at $10,108,450.91. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 83,333 shares of the company’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $8.24, for a total value of $686,663.92. Following the transaction, the chief executive officer now directly owns 1,244,603 shares in the company, valued at approximately $10,255,528.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 507,708 shares of company stock worth $4,835,639. 15.31% of the stock is owned by corporate insiders.

Robinhood Markets Stock Down 4.6 %

NASDAQ:HOOD opened at $9.01 on Friday. The firm has a market cap of $8.07 billion, a PE ratio of -1.29 and a beta of 1.13. Robinhood Markets, Inc. has a 12 month low of $6.81 and a 12 month high of $16.49. The company’s 50-day moving average price is $9.67 and its two-hundred day moving average price is $9.76.

Robinhood Markets (NASDAQ:HOOD – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The business had revenue of $380.00 million for the quarter, compared to the consensus estimate of $395.16 million. Robinhood Markets had a negative return on equity of 8.30% and a negative net margin of 131.63%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.49) earnings per share. On average, research analysts expect that Robinhood Markets, Inc. will post -0.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. The Goldman Sachs Group cut their price objective on shares of Robinhood Markets from $12.50 to $9.00 and set a “neutral” rating for the company in a research report on Monday, January 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Robinhood Markets from $9.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, February 9th. Morgan Stanley decreased their price target on shares of Robinhood Markets from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 11th. JPMorgan Chase & Co. lifted their price target on shares of Robinhood Markets from $9.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, February 9th. Finally, KeyCorp lowered their target price on shares of Robinhood Markets from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, January 9th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.67.

Robinhood Markets Company Profile

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Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.