Czech National Bank Acquires 14,851 Shares of Robinhood Markets, Inc. $HOOD

Czech National Bank raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 207,386 shares of the company’s stock after buying an additional 14,851 shares during the period. Czech National Bank’s holdings in Robinhood Markets were worth $23,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in HOOD. Empowered Funds LLC increased its position in shares of Robinhood Markets by 46.7% during the first quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock worth $2,076,000 after acquiring an additional 15,885 shares in the last quarter. American Century Companies Inc. lifted its position in Robinhood Markets by 33.0% in the 2nd quarter. American Century Companies Inc. now owns 143,764 shares of the company’s stock valued at $13,461,000 after acquiring an additional 35,711 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in Robinhood Markets by 16.5% in the 2nd quarter. Coldstream Capital Management Inc. now owns 7,376 shares of the company’s stock valued at $691,000 after acquiring an additional 1,045 shares in the last quarter. Prudential Financial Inc. boosted its stake in Robinhood Markets by 462.9% during the 2nd quarter. Prudential Financial Inc. now owns 320,702 shares of the company’s stock valued at $30,027,000 after purchasing an additional 263,729 shares during the last quarter. Finally, Waterloo Capital L.P. acquired a new position in Robinhood Markets during the 2nd quarter valued at about $277,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Stock Up 5.0%

Robinhood Markets stock opened at $72.54 on Thursday. Robinhood Markets, Inc. has a 52 week low of $29.66 and a 52 week high of $153.86. The company’s 50 day moving average price is $84.06 and its two-hundred day moving average price is $112.16. The stock has a market cap of $65.31 billion, a P/E ratio of 35.21, a P/E/G ratio of 1.56 and a beta of 2.47.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The company 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 quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Cantor Fitzgerald lowered their price objective on Robinhood Markets from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, February 17th. Wall Street Zen cut Robinhood Markets from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. New Street Research set a $122.00 price target on Robinhood Markets in a report on Thursday, March 5th. Compass Point reissued a “buy” rating on shares of Robinhood Markets in a research report on Wednesday, February 11th. Finally, Barclays dropped their price objective on Robinhood Markets from $159.00 to $124.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.59.

Check Out Our Latest Stock Analysis on HOOD

Insiders Place Their Bets

In other Robinhood Markets news, insider Steven M. Quirk sold 52,540 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $87.81, for a total value of $4,613,537.40. Following the completion of the transaction, the insider owned 27,564 shares in the company, valued at $2,420,394.84. This represents a 65.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $75.49, for a total value of $754,900.00. Following the sale, the insider directly owned 452,849 shares of the company’s stock, valued at approximately $34,185,571.01. This represents a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 469,268 shares of company stock worth $54,409,454 over the last 90 days. Company insiders own 14.47% of the company’s stock.

More Robinhood Markets News

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

Robinhood Markets Profile

(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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