Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Acquired by KBC Group NV

KBC Group NV lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 603,109 shares of the company’s stock after purchasing an additional 1,120 shares during the period. KBC Group NV owned about 0.07% of Robinhood Markets worth $22,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Requisite Capital Management LLC purchased a new stake in shares of Robinhood Markets during the 4th quarter worth about $266,000. DGS Capital Management LLC purchased a new position in Robinhood Markets during the fourth quarter worth approximately $270,000. Exchange Traded Concepts LLC grew its holdings in Robinhood Markets by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 149,741 shares of the company’s stock valued at $5,579,000 after purchasing an additional 1,132 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Robinhood Markets by 88.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 24,825 shares of the company’s stock valued at $925,000 after buying an additional 11,650 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Robinhood Markets by 67.2% in the fourth quarter. SG Americas Securities LLC now owns 60,118 shares of the company’s stock valued at $2,240,000 after buying an additional 24,161 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Trading Up 3.4 %

Shares of HOOD opened at $49.38 on Wednesday. Robinhood Markets, Inc. has a 12-month low of $10.51 and a 12-month high of $52.06. The firm has a market capitalization of $43.65 billion, a P/E ratio of 83.69, a P/E/G ratio of 0.67 and a beta of 2.07. The firm has a 50-day moving average price of $40.92 and a 200 day moving average price of $29.59.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The business’s quarterly revenue was up 36.4% on a year-over-year basis. During the same period last year, the company earned ($0.09) EPS. Equities research analysts predict that Robinhood Markets, Inc. will post 0.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $24.21, for a total value of $6,052,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $37.92, for a total value of $222,817.92. Following the sale, the chief technology officer now directly owns 11,752 shares of the company’s stock, valued at $445,635.84. The trade was a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,291,524 shares of company stock worth $170,349,862. Company insiders own 19.95% of the company’s stock.

Analyst Upgrades and Downgrades

HOOD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Robinhood Markets from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $20.00 to $43.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group upgraded shares of Robinhood Markets from a “neutral” rating to a “buy” rating and lifted their target price for the company from $40.00 to $46.00 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Citigroup lifted their price objective on Robinhood Markets from $25.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Finally, Barclays increased their target price on Robinhood Markets from $49.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.07.

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.