Vinva Investment Management Ltd Lowers Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

Vinva Investment Management Ltd lowered its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 67.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,158 shares of the company’s stock after selling 55,883 shares during the period. Vinva Investment Management Ltd’s holdings in Robinhood Markets were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HOOD. Victory Capital Management Inc. raised its position in shares of Robinhood Markets by 85.3% during the third quarter. Victory Capital Management Inc. now owns 117,383 shares of the company’s stock valued at $2,749,000 after buying an additional 54,046 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Robinhood Markets by 3.4% during the third quarter. CIBC Asset Management Inc now owns 21,731 shares of the company’s stock valued at $509,000 after buying an additional 724 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Robinhood Markets by 44.0% during the third quarter. Natixis Advisors LLC now owns 33,980 shares of the company’s stock valued at $796,000 after buying an additional 10,376 shares during the last quarter. Quest Partners LLC increased its position in Robinhood Markets by 1,008.4% in the third quarter. Quest Partners LLC now owns 15,086 shares of the company’s stock worth $353,000 after purchasing an additional 13,725 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Robinhood Markets in the third quarter worth $365,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock opened at $43.66 on Friday. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The company has a market capitalization of $38.66 billion, a PE ratio of 27.81, a P/E/G ratio of 1.05 and a beta of 2.14. The company has a 50-day simple moving average of $48.96 and a two-hundred day simple moving average of $36.99.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Baiju Bhatt sold 228,645 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $40.37, for a total value of $9,230,398.65. Following the transaction, the director now owns 5,042 shares in the company, valued at approximately $203,545.54. This represents a 97.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $37.51, for a total transaction of $11,253,000.00. Following the completion of the transaction, the insider now owns 806,955 shares in the company, valued at approximately $30,268,882.05. This trade represents a 27.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,979,251 shares of company stock worth $142,232,560 over the last 90 days. 19.95% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HOOD shares. KeyCorp boosted their price target on shares of Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods boosted their price target on shares of Robinhood Markets from $38.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their price objective on shares of Robinhood Markets from $64.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Raymond James initiated coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They set a “market perform” rating on the stock. Finally, Needham & Company LLC boosted their price objective on shares of Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.29.

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.