Deutsche Bank AG Reduces Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Deutsche Bank AG decreased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 741,481 shares of the company's stock after selling 13,198 shares during the period. Deutsche Bank AG owned about 0.08% of Robinhood Markets worth $27,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. New Wave Wealth Advisors LLC purchased a new position in Robinhood Markets in the 4th quarter worth about $26,000. CoreCap Advisors LLC grew its stake in Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after acquiring an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after acquiring an additional 750 shares during the period. Colonial Trust Co SC bought a new stake in shares of Robinhood Markets during the fourth quarter valued at approximately $34,000. Finally, Silicon Valley Capital Partners purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $37,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Trading Down 1.9%

NASDAQ HOOD opened at $61.39 on Thursday. The firm's fifty day simple moving average is $44.26 and its two-hundred day simple moving average is $43.08. The firm has a market capitalization of $54.36 billion, a P/E ratio of 39.10, a P/E/G ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The business had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. During the same period in the previous year, the business earned $0.18 EPS. The firm's revenue for the quarter was up 50.0% compared to the same quarter last year. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Baiju Bhatt sold 223,528 shares of Robinhood Markets stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $43.21, for a total value of $9,658,644.88. Following the completion of the sale, the director now directly owns 5,042 shares in the company, valued at $217,864.82. This trade represents a 97.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,840,014 shares of company stock valued at $83,494,057. 14.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on HOOD. Morgan Stanley raised their price objective on Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a report on Tuesday. Compass Point began coverage on Robinhood Markets in a report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. JMP Securities reissued a "market outperform" rating and set a $70.00 target price on shares of Robinhood Markets in a research report on Thursday, May 1st. Finally, Wolfe Research cut shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.41.

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.

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