Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Sold by Senator Investment Group LP

Senator Investment Group LP lessened its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 10.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,782,005 shares of the company’s stock after selling 217,995 shares during the period. Robinhood Markets comprises approximately 1.9% of Senator Investment Group LP’s investment portfolio, making the stock its 9th largest holding. Senator Investment Group LP owned 0.20% of Robinhood Markets worth $66,398,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in Robinhood Markets in the 3rd quarter valued at $351,000. Franklin Resources Inc. bought a new stake in Robinhood Markets during the third quarter worth about $6,321,000. Garden State Investment Advisory Services LLC acquired a new stake in shares of Robinhood Markets during the 3rd quarter worth approximately $263,000. Versant Capital Management Inc boosted its holdings in shares of Robinhood Markets by 6,799.1% in the 4th quarter. Versant Capital Management Inc now owns 22,974 shares of the company’s stock valued at $856,000 after purchasing an additional 22,641 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Robinhood Markets by 49.3% during the 4th quarter. GAMMA Investing LLC now owns 5,858 shares of the company’s stock valued at $218,000 after purchasing an additional 1,935 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Trading Up 1.3 %

Shares of HOOD stock opened at $41.18 on Monday. The firm’s 50 day moving average is $45.22 and its 200 day moving average is $40.29. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91. The stock has a market capitalization of $36.46 billion, a P/E ratio of 26.23, a PEG ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 500,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $50.77, for a total transaction of $25,385,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93. Following the completion of the sale, the chief technology officer now directly owns 17,559 shares of the company’s stock, valued at $821,936.79. This represents a 25.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,784,193 shares of company stock valued at $137,892,219 in the last 90 days. Corporate insiders own 19.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays lowered their target price on Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Robinhood Markets from $75.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. JPMorgan Chase & Co. lifted their price objective on shares of Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Cantor Fitzgerald assumed coverage on Robinhood Markets in a research note on Thursday, March 6th. They set an “overweight” rating and a $69.00 price target on the stock. Finally, Citigroup reduced their price objective on shares of Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Six 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.06.

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.