Robinhood Markets, Inc. $HOOD Shares Sold by BIT Capital GmbH

BIT Capital GmbH reduced its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 32.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 707,491 shares of the company’s stock after selling 340,284 shares during the quarter. Robinhood Markets comprises approximately 3.4% of BIT Capital GmbH’s investment portfolio, making the stock its 9th biggest holding. BIT Capital GmbH owned about 0.08% of Robinhood Markets worth $101,299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HOOD. Vanguard Group Inc. increased its position in Robinhood Markets by 24.9% during the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after buying an additional 18,824,923 shares in the last quarter. State Street Corp increased its holdings in shares of Robinhood Markets by 9.2% during the second quarter. State Street Corp now owns 15,870,421 shares of the company’s stock valued at $1,485,948,000 after acquiring an additional 1,341,204 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Robinhood Markets by 4.0% in the 2nd quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company’s stock valued at $1,233,840,000 after purchasing an additional 507,926 shares during the last quarter. Norges Bank acquired a new stake in Robinhood Markets in the 2nd quarter worth approximately $973,122,000. Finally, Charles Schwab Investment Management Inc. grew its position in Robinhood Markets by 3.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,019,451 shares of the company’s stock worth $469,971,000 after purchasing an additional 168,099 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the stock in a transaction 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 of the company’s stock, valued at $56,817,485.56. This trade represents a 21.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,865 shares of Robinhood Markets stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $132.26, for a total transaction of $775,704.90. Following the completion of the sale, the chief technology officer owned 26,725 shares in the company, valued at approximately $3,534,648.50. This trade represents a 18.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 706,413 shares of company stock valued at $85,161,009. Corporate insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock opened at $75.65 on Friday. The firm has a 50-day simple moving average of $104.32 and a two-hundred day simple moving average of $117.37. Robinhood Markets, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $153.86. The company has a market cap of $68.02 billion, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 1.27 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.Robinhood Markets’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. Equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HOOD shares. Compass Point reiterated a “buy” rating on shares of Robinhood Markets in a research note on Wednesday, February 11th. Piper Sandler dropped their target price on Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Zacks Research lowered shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Sanford C. Bernstein restated an “outperform” rating on shares of Robinhood Markets in a research note on Wednesday, February 11th. Finally, Truist Financial cut their price objective on shares of Robinhood Markets from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $121.71.

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.