KBC Group NV Has $14.10 Million Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

KBC Group NV decreased its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 61.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 601,989 shares of the company's stock after selling 960,908 shares during the period. KBC Group NV owned about 0.07% of Robinhood Markets worth $14,098,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. HM Payson & Co. boosted its stake in shares of Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company's stock worth $28,000 after purchasing an additional 410 shares during the last quarter. Signaturefd LLC raised its holdings in Robinhood Markets by 16.5% in the 3rd quarter. Signaturefd LLC now owns 3,437 shares of the company's stock valued at $80,000 after acquiring an additional 487 shares during the last quarter. Castleview Partners LLC lifted its stake in shares of Robinhood Markets by 18.2% during the 3rd quarter. Castleview Partners LLC now owns 3,788 shares of the company's stock worth $89,000 after purchasing an additional 582 shares during the period. Axxcess Wealth Management LLC increased its stake in Robinhood Markets by 3.1% in the third quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company's stock valued at $463,000 after purchasing an additional 598 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Robinhood Markets by 44.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,290 shares of the company's stock valued at $52,000 after acquiring an additional 710 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Activity

In other news, Director Meyer Malka sold 105,875 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.00, for a total transaction of $3,176,250.00. Following the completion of the transaction, the director now owns 28,930,243 shares of the company's stock, valued at approximately $867,907,290. This represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Baiju Bhatt sold 108,964 shares of the business's stock in a transaction dated 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 transaction, the director now owns 2,521 shares in the company, valued at $62,823.32. This represents a 97.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,710,549 shares of company stock valued at $115,477,194 over the last 90 days. 19.95% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HOOD. The Goldman Sachs Group lowered their target price on shares of Robinhood Markets from $25.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Morgan Stanley boosted their price target on Robinhood Markets from $22.00 to $24.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on Robinhood Markets from $17.00 to $21.00 and gave the stock an "underweight" rating in a report on Thursday, October 17th. Needham & Company LLC restated a "hold" rating on shares of Robinhood Markets in a research note on Thursday, October 31st. Finally, Barclays lifted their target price on Robinhood Markets from $23.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $26.10.

Robinhood Markets Stock Up 0.3 %

Shares of Robinhood Markets stock traded up $0.10 on Friday, hitting $32.32. 17,537,523 shares of the company traded hands, compared to its average volume of 15,988,664. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $34.32. The company has a market cap of $28.57 billion, a PE ratio of 54.78, a PEG ratio of 0.76 and a beta of 1.84. The company has a 50-day moving average price of $25.47 and a 200 day moving average price of $22.29.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). The firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The company's quarterly revenue was up 36.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.09) EPS. Equities research analysts anticipate that Robinhood Markets, Inc. will post 0.72 EPS for the current year.

Robinhood Markets Company 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.