Robinhood Markets, Inc. $HOOD Shares Sold by Vivid Wealth Management LLC

Vivid Wealth Management LLC decreased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 29.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,601 shares of the company’s stock after selling 10,263 shares during the period. Robinhood Markets makes up about 1.4% of Vivid Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Vivid Wealth Management LLC’s holdings in Robinhood Markets were worth $3,522,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Coordinated Financial Services Inc. bought a new position in shares of Robinhood Markets during the second quarter valued at approximately $403,000. Venture Visionary Partners LLC lifted its holdings in shares of Robinhood Markets by 63.0% in the 2nd quarter. Venture Visionary Partners LLC now owns 125,420 shares of the company’s stock worth $11,743,000 after purchasing an additional 48,494 shares during the last quarter. Swedbank AB boosted its position in Robinhood Markets by 15.7% during the 1st quarter. Swedbank AB now owns 298,931 shares of the company’s stock valued at $12,442,000 after purchasing an additional 40,496 shares during the period. Wedmont Private Capital grew its stake in Robinhood Markets by 102.9% during the 2nd quarter. Wedmont Private Capital now owns 25,206 shares of the company’s stock worth $2,383,000 after buying an additional 12,782 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new stake in Robinhood Markets in the third quarter worth $2,375,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $117.52 on Tuesday. The stock has a market cap of $105.67 billion, a price-to-earnings ratio of 48.76, a PEG ratio of 1.75 and a beta of 2.44. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86. The stock’s 50 day moving average price is $122.72 and its 200 day moving average price is $118.76.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly 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 company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm earned $0.17 EPS. The firm’s revenue for the quarter was up 100.0% on a year-over-year basis. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HOOD shares. KeyCorp boosted their price target on shares of Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Citizens Jmp upped their target price on shares of Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a research report on Friday, November 7th. Zacks Research cut Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. JMP Securities boosted their price objective on Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 9th. Finally, Argus began coverage on Robinhood Markets in a research report on Friday. They issued a “buy” rating and a $145.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $136.62.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $132.13, for a total value of $15,855,600.00. Following the sale, the insider directly owned 430,012 shares in the company, valued at approximately $56,817,485.56. The trade was a 21.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Baiju Bhatt sold 1,330,000 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $128.47, for a total transaction of $170,865,100.00. The disclosure for this sale is available in the SEC filing. Insiders sold 3,296,763 shares of company stock valued at $414,016,996 in the last three months. 19.95% of the stock is currently owned by insiders.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.