EULAV Asset Management Has $16.02 Million Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

EULAV Asset Management cut its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 21.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 430,000 shares of the company’s stock after selling 120,000 shares during the period. EULAV Asset Management’s holdings in Robinhood Markets were worth $16,022,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HOOD. Creative Planning lifted its holdings in shares of Robinhood Markets by 142.8% during the second quarter. Creative Planning now owns 26,290 shares of the company’s stock worth $597,000 after purchasing an additional 15,464 shares during the period. Cetera Investment Advisers raised its position in Robinhood Markets by 26.2% during the 2nd quarter. Cetera Investment Advisers now owns 66,341 shares of the company’s stock worth $1,507,000 after purchasing an additional 13,792 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Robinhood Markets during the 2nd quarter worth about $996,000. SG Americas Securities LLC grew its position in shares of Robinhood Markets by 234.6% in the 3rd quarter. SG Americas Securities LLC now owns 35,957 shares of the company’s stock valued at $842,000 after buying an additional 25,210 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Robinhood Markets by 71.3% in the third quarter. GAMMA Investing LLC now owns 3,923 shares of the company’s stock valued at $92,000 after buying an additional 1,633 shares during the period. 93.27% of the stock is owned by institutional investors.

Insider Transactions at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $51.60, for a total value of $1,290,000.00. Following the completion of the sale, the insider now directly owns 706,642 shares of the company’s stock, valued at approximately $36,462,727.20. This represents a 3.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven M. Quirk sold 19,861 shares of the firm’s stock in a transaction on Sunday, December 1st. The shares were sold at an average price of $37.54, for a total value of $745,581.94. Following the transaction, the insider now owns 395,166 shares in the company, valued at approximately $14,834,531.64. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,857,561 shares of company stock valued at $159,976,719 over the last three months. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets Trading Up 5.1 %

Shares of HOOD stock opened at $55.86 on Friday. Robinhood Markets, Inc. has a 12 month low of $11.00 and a 12 month high of $55.98. The firm has a market capitalization of $49.38 billion, a PE ratio of 94.68, a price-to-earnings-growth ratio of 0.70 and a beta of 2.13. The firm has a fifty day simple moving average of $43.49 and a two-hundred day simple moving average of $31.13.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised Robinhood Markets from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $20.00 to $43.00 in a research note on Tuesday, January 7th. Raymond James started coverage on shares of Robinhood Markets in a research note on Wednesday. They issued a “market perform” rating on the stock. Mizuho lifted their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday. Keefe, Bruyette & Woods upped their price target on shares of Robinhood Markets from $24.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Finally, Citigroup lifted their price objective on Robinhood Markets from $25.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus price target of $46.67.

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.