Robinhood Markets, Inc. $HOOD Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lowered its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 37.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,849 shares of the company’s stock after selling 4,653 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Robinhood Markets were worth $1,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its position in shares of Robinhood Markets by 120.3% during 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. Smithfield Trust Co acquired a new position in shares of Robinhood Markets during the second quarter valued at approximately $29,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Robinhood Markets during the second quarter valued at approximately $34,000. V Square Quantitative Management LLC bought a new stake in Robinhood Markets during the second quarter worth approximately $36,000. Finally, Colonial Trust Advisors lifted its position in Robinhood Markets by 125.0% in the first quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock worth $37,000 after purchasing an additional 500 shares during the period. Institutional investors own 93.27% of the company’s stock.

Insider Activity

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $132.13, for a total transaction of $15,855,600.00. Following the transaction, the insider directly owned 430,012 shares in the company, valued at approximately $56,817,485.56. The trade was a 21.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven M. Quirk sold 49,942 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total transaction of $6,549,893.30. Following the sale, the insider directly owned 54,496 shares in the company, valued at approximately $7,147,150.40. This trade represents a 47.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,686,763 shares of company stock worth $475,858,262. Company insiders own 19.95% of the company’s stock.

Analyst Ratings Changes

HOOD has been the topic of a number of research reports. Cantor Fitzgerald dropped their price objective on Robinhood Markets from $155.00 to $152.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Citigroup boosted their price target on shares of Robinhood Markets from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Citizens Jmp raised their price objective on shares of Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, November 7th. Mizuho lifted their price objective on shares of Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Finally, CICC Research assumed coverage on shares of Robinhood Markets in a research note on Monday, October 27th. They set an “outperform” rating and a $155.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.32.

Robinhood Markets Trading Up 3.6%

NASDAQ HOOD opened at $119.40 on Wednesday. The stock’s 50-day moving average price is $130.95 and its two-hundred day moving average price is $113.12. The company has a market cap of $107.36 billion, a PE ratio of 49.54, a PEG ratio of 2.32 and a beta of 2.43. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.41 by $0.20. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The business’s revenue for the quarter was up 100.0% on a year-over-year basis. During the same period last year, the company posted $0.17 earnings per share. Research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS 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.