Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 22.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,153,437 shares of the company's stock after selling 334,871 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Robinhood Markets worth $48,006,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HOOD. Whipplewood Advisors LLC raised its stake in shares of Robinhood Markets by 564.4% in the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after acquiring an additional 508 shares during the period. CoreCap Advisors LLC increased its holdings in Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after purchasing an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares during the period. Colonial Trust Co SC acquired a new position in shares of Robinhood Markets during the fourth quarter worth about $34,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Robinhood Markets by 139.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock worth $36,000 after purchasing an additional 498 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HOOD has been the topic of several analyst reports. Morgan Stanley raised their target price on Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Compass Point began coverage on shares of Robinhood Markets in a research note on Wednesday, March 19th. They set a "buy" rating and a $61.00 price objective on the stock. Citigroup reduced their target price on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Mizuho raised their price target on shares of Robinhood Markets from $65.00 to $80.00 and gave the company an "outperform" rating in a report on Tuesday, June 17th. Finally, KeyCorp cut their price objective on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.71.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $84.52 on Friday. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $85.55. The stock has a market cap of $74.84 billion, a P/E ratio of 48.02, a P/E/G ratio of 4.88 and a beta of 2.25. The firm has a 50 day moving average price of $63.01 and a 200 day moving average price of $51.16.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The business had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. During the same period in the prior year, the business earned $0.18 EPS. The company's revenue for the quarter was up 50.0% compared to the same quarter last year. Analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Christopher D. Payne purchased 26,500 shares of Robinhood Markets stock in a transaction on Friday, June 13th. The stock was purchased at an average price of $74.19 per share, with a total value of $1,966,035.00. Following the transaction, the director now directly owns 26,500 shares in the company, valued at $1,966,035. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $77.82, for a total transaction of $456,336.48. Following the completion of the sale, the chief technology officer now owns 14,772 shares in the company, valued at $1,149,557.04. This trade represents a 28.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,380,434 shares of company stock worth $131,340,572. Corporate insiders own 14.47% of the company's stock.

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.

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