Andra AP fonden Sells 149,600 Shares of Robinhood Markets, Inc. $HOOD

Andra AP fonden decreased its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 74.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,500 shares of the company’s stock after selling 149,600 shares during the period. Andra AP fonden’s holdings in Robinhood Markets were worth $4,822,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in shares of Robinhood Markets by 120.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after buying an additional 148 shares in the last quarter. Hemington Wealth Management boosted its stake in Robinhood Markets by 52.2% in the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock valued at $26,000 after buying an additional 218 shares in the last quarter. Pandora Wealth Inc. bought a new stake in Robinhood Markets in the first quarter valued at $33,000. V Square Quantitative Management LLC acquired a new position in Robinhood Markets during the second quarter worth $36,000. Finally, Colonial Trust Advisors lifted its holdings in shares of Robinhood Markets by 125.0% during the first quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock valued at $37,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling

In related news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $146.91, for a total value of $861,480.24. Following the completion of the sale, the chief technology officer owned 6,088 shares in the company, valued at $894,388.08. This represents a 49.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $145.95, for a total transaction of $3,648,750.00. Following the sale, the insider owned 540,949 shares in the company, valued at $78,951,506.55. This trade represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,385,742 shares of company stock valued at $403,923,453. 14.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Compass Point reiterated a “buy” rating on shares of Robinhood Markets in a research report on Monday, October 27th. Zacks Research lowered shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. JMP Securities boosted their target price on Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a report on Thursday, October 9th. Keefe, Bruyette & Woods raised their price target on Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Mizuho boosted their price objective on Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research note on Thursday. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus price target of $132.65.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $130.36 on Friday. The firm’s 50 day moving average price is $130.11 and its two-hundred day moving average price is $99.54. The stock has a market cap of $115.85 billion, a PE ratio of 54.09, a PEG ratio of 3.22 and a beta of 2.42. Robinhood Markets, Inc. has a 52-week low of $29.21 and a 52-week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a return on equity of 22.13% and a net margin of 52.19%.The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company posted $0.17 earnings per share. The firm’s revenue was up 100.0% on a year-over-year basis. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

About Robinhood Markets

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.