Vontobel Holding Ltd. Buys Shares of 84,484 Robinhood Markets, Inc. (NASDAQ:HOOD)

Vontobel Holding Ltd. acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 84,484 shares of the company's stock, valued at approximately $1,076,000.

Other large investors also recently made changes to their positions in the company. Covestor Ltd bought a new stake in shares of Robinhood Markets during the first quarter worth $28,000. Quantbot Technologies LP bought a new position in Robinhood Markets in the second quarter valued at $28,000. Peoples Bank KS bought a new position in Robinhood Markets in the third quarter valued at $29,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Robinhood Markets in the second quarter valued at $29,000. Finally, UniSuper Management Pty Ltd bought a new position in Robinhood Markets in the third quarter valued at $30,000. Institutional investors own 93.27% of the company's stock.

Wall Street Analyst Weigh In

HOOD has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of Robinhood Markets from $10.00 to $12.00 and gave the company an "underweight" rating in a research report on Wednesday, February 14th. Piper Sandler raised their target price on shares of Robinhood Markets from $12.50 to $17.00 and gave the company a "neutral" rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Robinhood Markets from $12.00 to $16.00 and gave the company a "hold" rating in a research report on Tuesday, March 19th. Sanford C. Bernstein initiated coverage on shares of Robinhood Markets in a research report on Thursday, March 14th. They issued an "outperform" rating and a $30.00 price objective for the company. Finally, Citigroup downgraded shares of Robinhood Markets from a "neutral" rating to a "sell" rating and lifted their price objective for the company from $13.00 to $16.00 in a research report on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of "Hold" and a consensus target price of $18.81.

Robinhood Markets Price Performance

Robinhood Markets stock traded down $0.45 during midday trading on Friday, hitting $16.63. The company's stock had a trading volume of 9,555,156 shares, compared to its average volume of 12,285,660. Robinhood Markets, Inc. has a 1-year low of $7.91 and a 1-year high of $20.55. The company has a 50-day moving average price of $16.93 and a two-hundred day moving average price of $12.70. The company has a market cap of $14.54 billion, a price-to-earnings ratio of -27.72 and a beta of 1.69.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The business had revenue of $471.00 million during the quarter, compared to analysts' expectations of $454.73 million. During the same quarter in the previous year, the company earned ($0.19) EPS. The business's revenue was up 23.9% on a year-over-year basis. Sell-side analysts forecast that Robinhood Markets, Inc. will post 0.29 EPS for the current year.

Insiders Place Their Bets

In other Robinhood Markets news, CFO Jason Warnick sold 5,000 shares of Robinhood Markets stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $12.00, for a total value of $60,000.00. Following the completion of the sale, the chief financial officer now owns 916,267 shares in the company, valued at approximately $10,995,204. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Jason Warnick sold 5,000 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $12.00, for a total value of $60,000.00. Following the completion of the transaction, the chief financial officer now directly owns 916,267 shares in the company, valued at approximately $10,995,204. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Vladimir Tenev sold 250,000 shares of the business's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $10.61, for a total transaction of $2,652,500.00. The disclosure for this sale can be found here. Insiders sold 2,212,150 shares of company stock worth $33,495,819 in the last quarter. 20.81% 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.