DNB Asset Management AS Has $37.31 Million Holdings in Robinhood Markets, Inc. $HOOD

DNB Asset Management AS grew its position in shares of Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 94.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,599 shares of the company’s stock after buying an additional 126,614 shares during the quarter. DNB Asset Management AS’s holdings in Robinhood Markets were worth $37,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HOOD. Valley National Advisers Inc. increased its holdings in Robinhood Markets by 113.6% during the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Robinhood Markets by 107.6% during the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 99 shares during the last quarter. Vision Financial Markets LLC increased its stake in shares of Robinhood Markets by 100.0% in the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock valued at $29,000 after buying an additional 100 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Robinhood Markets in the third quarter valued at about $29,000. Finally, Guerra Advisors Inc acquired a new position in Robinhood Markets during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Trading Up 2.5%

HOOD stock opened at $79.45 on Friday. The stock has a 50-day moving average price of $100.14 and a two-hundred day moving average price of $116.23. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86. The stock 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 issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $1.28 billion for 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%.The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 earnings per share. On average, analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Key Robinhood Markets News

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

Wall Street Analyst Weigh In

Several research firms have weighed in on HOOD. Weiss Ratings restated a “hold (c+)” rating on shares of Robinhood Markets in a research report on Monday, December 22nd. Dbs Bank upgraded shares of Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Needham & Company LLC reduced their target price on Robinhood Markets from $135.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Wall Street Zen cut Robinhood Markets from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Finally, Zacks Research downgraded Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.71.

Check Out Our Latest Analysis on Robinhood Markets

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $121.63, for a total transaction of $45,611,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $107.48, for a total transaction of $630,262.72. Following the completion of the sale, the chief technology officer owned 9,133 shares in the company, valued at $981,614.84. This trade represents a 39.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 640,939 shares of company stock worth $77,553,447. 14.47% of the stock is currently owned by insiders.

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.

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

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