Mn Services Vermogensbeheer B.V. Lowers Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Mn Services Vermogensbeheer B.V. reduced its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 148,300 shares of the company's stock after selling 20,100 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Robinhood Markets were worth $6,172,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. FMR LLC lifted its holdings in Robinhood Markets by 184.8% during the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock worth $1,499,248,000 after buying an additional 26,107,934 shares during the period. Norges Bank acquired a new stake in Robinhood Markets during the 4th quarter valued at approximately $329,598,000. GQG Partners LLC acquired a new stake in Robinhood Markets during the 4th quarter valued at approximately $302,325,000. Artisan Partners Limited Partnership bought a new position in Robinhood Markets during the 4th quarter worth approximately $152,949,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Robinhood Markets by 335.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company's stock worth $193,202,000 after purchasing an additional 3,994,745 shares during the period. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Price Performance

Shares of HOOD traded up $0.62 during trading hours on Wednesday, hitting $75.57. The company's stock had a trading volume of 9,127,545 shares, compared to its average volume of 39,111,324. The business has a 50 day simple moving average of $57.73 and a two-hundred day simple moving average of $49.26. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $77.80. The company has a market cap of $66.91 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 4.53 and a beta of 2.25.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released 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 net margin of 48.77% and a return on equity of 15.42%. The business had revenue of $927.00 million during the quarter, compared to analysts' expectations of $917.12 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The firm's quarterly revenue was up 50.0% on a year-over-year basis. Research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 418,338 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $74.29, for a total value of $31,078,330.02. Following the sale, the director now directly owns 7,863 shares in the company, valued at $584,142.27. This represents a 98.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher D. Payne purchased 26,500 shares of Robinhood Markets stock in a transaction dated Friday, June 13th. The shares were purchased at an average price of $74.19 per share, with a total value of $1,966,035.00. Following the completion of the transaction, the director now directly owns 26,500 shares in the company, valued at approximately $1,966,035. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 2,650,974 shares of company stock valued at $142,977,123 over the last three months. Company insiders own 19.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HOOD shares. Cantor Fitzgerald cut their price target on Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Compass Point began coverage on Robinhood Markets in a research note on Wednesday, March 19th. They set a "buy" rating and a $61.00 price objective on the stock. Redburn Atlantic restated a "sell" rating and issued a $48.00 target price (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. Mizuho upped their price objective on Robinhood Markets from $65.00 to $80.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Wolfe Research lowered Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Robinhood Markets currently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Robinhood Markets Profile

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.