Universal Beteiligungs und Servicegesellschaft mbH Decreases Position in Robinhood Markets, Inc. $HOOD

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 29.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,954 shares of the company’s stock after selling 88,515 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Robinhood Markets were worth $20,033,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Larson Financial Group LLC lifted its position in Robinhood Markets by 66.0% in the first quarter. Larson Financial Group LLC now owns 1,524 shares of the company’s stock worth $63,000 after buying an additional 606 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Robinhood Markets by 9.9% in the first quarter. Victory Capital Management Inc. now owns 242,022 shares of the company’s stock valued at $10,073,000 after acquiring an additional 21,862 shares during the period. Kestra Private Wealth Services LLC purchased a new position in shares of Robinhood Markets during the 1st quarter worth about $357,000. IFP Advisors Inc grew its holdings in Robinhood Markets by 57.3% during the 1st quarter. IFP Advisors Inc now owns 6,915 shares of the company’s stock valued at $288,000 after purchasing an additional 2,519 shares during the last quarter. Finally, Montag A & Associates Inc. raised its position in Robinhood Markets by 39.8% in the 1st quarter. Montag A & Associates Inc. now owns 2,872 shares of the company’s stock worth $120,000 after purchasing an additional 818 shares during the period. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $114.30 on Wednesday. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86. The company has a market cap of $102.78 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 2.59 and a beta of 2.42. The stock’s fifty day moving average price is $132.70 and its 200 day moving average price is $104.10.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm earned $0.17 EPS. The firm’s revenue was up 100.0% on a year-over-year basis. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Activity

In other Robinhood Markets news, insider Steven M. Quirk sold 60,113 shares of Robinhood Markets stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the completion of the transaction, the insider owned 94,454 shares in the company, valued at approximately $9,531,353.14. This trade represents a 38.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Meyer Malka sold 1,093,288 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $103.87, for a total value of $113,559,824.56. Following the completion of the transaction, the director directly owned 3,976,234 shares of the company’s stock, valued at approximately $413,011,425.58. This trade represents a 21.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,297,404 shares of company stock valued at $529,026,559 over the last quarter. Insiders own 19.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HOOD. Dbs Bank upgraded Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Mizuho upped their price objective on Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Robinhood Markets in a research note on Thursday, November 13th. CICC Research began coverage on shares of Robinhood Markets in a research note on Monday, October 27th. They set an “outperform” rating and a $155.00 target price for the company. Finally, Cantor Fitzgerald upped their price target on shares of Robinhood Markets from $130.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Fifteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus price target of $132.65.

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.