Robinhood Markets, Inc. (NASDAQ:HOOD) Position Cut by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 49.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,023 shares of the company's stock after selling 15,977 shares during the period. Jefferies Financial Group Inc.'s holdings in Robinhood Markets were worth $597,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of 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 purchasing an additional 26,107,934 shares during the last quarter. Norges Bank acquired a new stake in shares of Robinhood Markets during the 4th quarter worth about $329,598,000. GQG Partners LLC acquired a new stake in shares of Robinhood Markets during the 4th quarter worth about $302,325,000. Artisan Partners Limited Partnership purchased a new position in shares of Robinhood Markets during the 4th quarter worth about $152,949,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Robinhood Markets by 335.6% during 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 acquiring an additional 3,994,745 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on HOOD shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Robinhood Markets from $54.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday. Morgan Stanley increased their price objective on shares of Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Citigroup cut their price objective on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Compass Point started coverage on shares of Robinhood Markets in a report on Wednesday, March 19th. They set a "buy" rating and a $61.00 price objective on the stock. Finally, Mizuho increased their price objective on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $55.41.

Robinhood Markets Trading Up 1.8%

NASDAQ:HOOD traded up $1.08 during trading hours on Friday, hitting $61.76. The stock had a trading volume of 23,851,695 shares, compared to its average volume of 26,289,986. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91. The business has a 50 day simple moving average of $45.27 and a two-hundred day simple moving average of $43.65. The company has a market cap of $54.69 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.

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

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total transaction of $31,470,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Baiju Bhatt sold 223,528 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $43.21, for a total transaction of $9,658,644.88. Following the sale, the director now directly owns 5,042 shares of the company's stock, valued at $217,864.82. The trade was a 97.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,947,622 shares of company stock valued at $89,994,656. 14.47% of the stock is currently owned by corporate insiders.

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.