Andra AP fonden Grows Stock Holdings in Robinhood Markets, Inc. $HOOD

Andra AP fonden boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 264.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 187,700 shares of the company’s stock after buying an additional 136,200 shares during the quarter. Andra AP fonden’s holdings in Robinhood Markets were worth $26,875,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Caisse Des Depots ET Consignations purchased a new position in shares of Robinhood Markets in the 3rd quarter valued at $3,984,000. Aberdeen Group plc lifted its position in Robinhood Markets by 565.1% in the third quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock valued at $26,565,000 after acquiring an additional 157,643 shares during the last quarter. Jennison Associates LLC acquired a new position in Robinhood Markets in the third quarter valued at $322,823,000. New York Life Investment Management LLC purchased a new position in shares of Robinhood Markets during the third quarter worth about $14,989,000. Finally, NEOS Investment Management LLC acquired a new stake in shares of Robinhood Markets during the third quarter worth about $11,994,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

More Robinhood Markets News

Here are the key news stories impacting Robinhood Markets this week:

Analyst Upgrades and Downgrades

HOOD has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their price target on Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. Argus assumed coverage on Robinhood Markets in a report on Friday, January 9th. They issued a “buy” rating and a $145.00 price objective for the company. Wolfe Research raised shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 target price on the stock in a report on Monday, February 9th. Dbs Bank upgraded shares of Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Finally, KeyCorp lowered their price objective on shares of Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, February 9th. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.71.

Read Our Latest Stock Report on HOOD

Insider Activity at Robinhood Markets

In related news, insider Steven M. Quirk sold 52,540 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total value of $4,613,537.40. Following the completion of the sale, the insider owned 27,564 shares in the company, valued at $2,420,394.84. This trade represents a 65.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total transaction of $15,855,600.00. Following the transaction, the insider owned 430,012 shares in the company, valued at $56,817,485.56. The trade was a 21.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 640,939 shares of company stock worth $77,553,447. 14.47% of the stock is owned by company insiders.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $79.45 on Friday. The stock’s 50 day moving average price is $100.14 and its 200 day moving average price is $116.23. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86. The company has a market cap of $71.44 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 1.57 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations 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 was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share. On average, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

About Robinhood Markets

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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