Bank of Montreal Can Sells 64,700 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Bank of Montreal Can cut its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 11.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 511,029 shares of the company's stock after selling 64,700 shares during the quarter. Bank of Montreal Can owned approximately 0.06% of Robinhood Markets worth $12,208,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. HM Payson & Co. grew its position in Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company's stock valued at $28,000 after acquiring an additional 410 shares during the last quarter. Eastern Bank bought a new position in shares of Robinhood Markets during the 3rd quarter valued at $30,000. ORG Partners LLC purchased a new position in Robinhood Markets in the 2nd quarter worth $33,000. ORG Wealth Partners LLC bought a new stake in Robinhood Markets in the third quarter worth $33,000. Finally, International Assets Investment Management LLC purchased a new stake in Robinhood Markets during the second quarter valued at about $40,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HOOD. Citigroup boosted their target price on Robinhood Markets from $19.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, September 27th. Barclays lifted their target price on shares of Robinhood Markets from $23.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of Robinhood Markets from $25.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday. JMP Securities upped their price target on Robinhood Markets from $33.00 to $40.00 and gave the company a "market outperform" rating in a research report on Tuesday, November 12th. Finally, Piper Sandler boosted their target price on Robinhood Markets from $36.00 to $42.00 and gave the company an "overweight" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and a consensus target price of $33.60.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock traded up $0.08 during trading on Monday, hitting $37.62. The company's stock had a trading volume of 16,038,127 shares, compared to its average volume of 16,334,242. Robinhood Markets, Inc. has a 52 week low of $9.33 and a 52 week high of $39.74. The company has a fifty day simple moving average of $28.43 and a two-hundred day simple moving average of $23.70. The company has a market capitalization of $33.26 billion, a PE ratio of 65.19, a P/E/G ratio of 0.87 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The company had revenue of $637.00 million during the quarter, compared to analysts' expectations of $660.53 million. During the same quarter in the previous year, the company earned ($0.09) EPS. The business's quarterly revenue was up 36.4% on a year-over-year basis. As a group, analysts predict that Robinhood Markets, Inc. will post 0.74 EPS for the current year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 108,964 shares of Robinhood Markets stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $24.92, for a total value of $2,715,382.88. Following the completion of the sale, the director now owns 2,521 shares of the company's stock, valued at approximately $62,823.32. The trade was a 97.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Meyer Malka sold 105,875 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.00, for a total value of $3,176,250.00. Following the completion of the transaction, the director now directly owns 28,930,243 shares in the company, valued at $867,907,290. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,685,549 shares of company stock valued at $114,953,194. Insiders own 19.95% of the company's stock.

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.