Hsbc Holdings PLC Sells 50,111 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Hsbc Holdings PLC lowered its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 18.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,105 shares of the company's stock after selling 50,111 shares during the quarter. Hsbc Holdings PLC's holdings in Robinhood Markets were worth $8,508,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of Robinhood Markets by 601.1% in the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock worth $164,000 after acquiring an additional 3,769 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Robinhood Markets in the 4th quarter worth about $634,000. Charles Schwab Investment Management Inc. raised its holdings in Robinhood Markets by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock worth $175,857,000 after buying an additional 138,267 shares during the period. Atomi Financial Group Inc. lifted its stake in Robinhood Markets by 20.7% during the fourth quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company's stock valued at $20,154,000 after buying an additional 92,613 shares in the last quarter. Finally, Requisite Capital Management LLC acquired a new position in shares of Robinhood Markets in the fourth quarter worth about $266,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $60.77, for a total transaction of $3,038,500.00. Following the completion of the transaction, the insider now owns 706,642 shares of the company's stock, valued at $42,942,634.34. This represents a 6.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Baiju Bhatt sold 522,180 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $62.70, for a total transaction of $32,740,686.00. Following the transaction, the director now owns 5,042 shares of the company's stock, valued at $316,133.40. The trade was a 99.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,334,593 shares of company stock worth $114,815,021. 19.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HOOD shares. Needham & Company LLC reduced their price target on shares of Robinhood Markets from $62.00 to $58.00 and set a "buy" rating for the company in a research report on Thursday. JMP Securities reduced their target price on Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Barclays lowered their price target on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Raymond James began coverage on Robinhood Markets in a research report on Wednesday, February 5th. They set a "market perform" rating for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $53.65.

Robinhood Markets Trading Down 3.1 %

NASDAQ HOOD traded down $1.51 on Thursday, hitting $47.61. 55,816,893 shares of the company were exchanged, compared to its average volume of 25,350,377. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91. The firm has a 50 day moving average of $43.10 and a two-hundred day moving average of $41.27. The company has a market cap of $42.15 billion, a P/E ratio of 30.47, a P/E/G ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results 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). The firm had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The company's revenue was up 50.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. Research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Robinhood Markets Company 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.