Robinhood Markets, Inc. $HOOD Shares Sold by Cim LLC

Cim LLC lowered its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 14.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,271 shares of the company’s stock after selling 11,640 shares during the period. Robinhood Markets makes up about 0.9% of Cim LLC’s investment portfolio, making the stock its 28th biggest position. Cim LLC’s holdings in Robinhood Markets were worth $6,579,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HOOD. Hantz Financial Services Inc. increased its position in shares of Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after buying an additional 148 shares in the last quarter. Smithfield Trust Co purchased a new position in Robinhood Markets during the 2nd quarter valued at about $29,000. Twin Peaks Wealth Advisors LLC acquired a new position in Robinhood Markets during the second quarter worth about $34,000. V Square Quantitative Management LLC purchased a new stake in shares of Robinhood Markets in the second quarter valued at about $36,000. Finally, Colonial Trust Advisors grew its position in shares of Robinhood Markets by 125.0% in the first quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HOOD has been the subject of several research reports. Morgan Stanley lifted their price objective on Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Compass Point restated a “buy” rating on shares of Robinhood Markets in a research report on Monday, October 27th. Mizuho increased their price objective on Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Barclays boosted their target price on shares of Robinhood Markets from $168.00 to $171.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price target on shares of Robinhood Markets in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and an average price target of $136.32.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 49,942 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $131.15, for a total transaction of $6,549,893.30. Following the completion of the sale, the insider owned 54,496 shares of the company’s stock, valued at approximately $7,147,150.40. The trade was a 47.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total value of $15,855,600.00. Following the sale, the insider owned 430,012 shares of the company’s stock, valued at $56,817,485.56. This represents a 21.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,686,763 shares of company stock worth $475,858,262 in the last 90 days. Company insiders own 14.47% of the company’s stock.

Robinhood Markets Trading Down 3.1%

Shares of NASDAQ:HOOD opened at $119.50 on Friday. The firm has a market cap of $107.45 billion, a price-to-earnings ratio of 49.59, a PEG ratio of 2.40 and a beta of 2.43. The stock’s 50-day moving average price is $132.04 and its two-hundred day moving average price is $112.04. Robinhood Markets, Inc. has a 12-month low of $29.66 and a 12-month high of $153.86.

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

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.