Handelsbanken Fonder AB Buys 44,100 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Handelsbanken Fonder AB increased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 52.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,900 shares of the company's stock after acquiring an additional 44,100 shares during the period. Handelsbanken Fonder AB's holdings in Robinhood Markets were worth $1,642,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Robinhood Markets by 9.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company's stock worth $372,081,000 after acquiring an additional 2,517,012 shares during the last quarter. Vanguard Group Inc. grew its position in Robinhood Markets by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company's stock worth $561,732,000 after purchasing an additional 2,459,702 shares in the last quarter. ARK Investment Management LLC increased its stake in Robinhood Markets by 6.4% in the 4th quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company's stock valued at $445,087,000 after buying an additional 2,101,325 shares during the last quarter. Kettle Hill Capital Management LLC lifted its position in shares of Robinhood Markets by 84.2% during the 3rd quarter. Kettle Hill Capital Management LLC now owns 2,202,519 shares of the company's stock worth $21,607,000 after buying an additional 1,006,569 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Robinhood Markets by 37.5% in the 3rd quarter. Northern Trust Corp now owns 3,099,424 shares of the company's stock worth $30,405,000 after buying an additional 845,178 shares during the last quarter. Institutional investors own 93.27% of the company's stock.

Insider Buying and Selling at Robinhood Markets

In other news, CFO Jason Warnick sold 5,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $19.59, for a total value of $97,950.00. Following the sale, the chief financial officer now directly owns 1,002,407 shares of the company's stock, valued at $19,637,153.13. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Jason Warnick sold 5,000 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $19.59, for a total transaction of $97,950.00. Following the completion of the transaction, the chief financial officer now directly owns 1,002,407 shares in the company, valued at approximately $19,637,153.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $10.61, for a total value of $132,625.00. Following the completion of the sale, the insider now owns 738,291 shares in the company, valued at approximately $7,833,267.51. The disclosure for this sale can be found here. Insiders sold 2,382,977 shares of company stock valued at $36,496,582 in the last quarter. 20.81% of the stock is currently owned by corporate insiders.

Robinhood Markets Stock Performance

Robinhood Markets stock traded up $0.76 during mid-day trading on Friday, reaching $17.88. The company's stock had a trading volume of 8,203,870 shares, compared to its average volume of 9,817,169. The firm's fifty day moving average price is $17.38 and its two-hundred day moving average price is $12.97. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $20.55. The company has a market capitalization of $15.64 billion, a P/E ratio of -29.80 and a beta of 1.69.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on HOOD shares. Deutsche Bank Aktiengesellschaft increased their price target on Robinhood Markets from $12.00 to $16.00 and gave the company a "hold" rating in a research report on Tuesday, March 19th. Citigroup cut Robinhood Markets from a "neutral" rating to a "sell" rating and lifted their target price for the stock from $13.00 to $16.00 in a research note on Thursday, April 11th. Keefe, Bruyette & Woods assumed coverage on shares of Robinhood Markets in a research report on Wednesday, April 3rd. They set a "market perform" rating and a $20.00 price target for the company. TheStreet raised shares of Robinhood Markets from a "d+" rating to a "c-" rating in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Robinhood Markets from $10.00 to $12.00 and gave the company an "underweight" rating in a research note on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $18.88.

About Robinhood Markets

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.