Prudential PLC Has $387,000 Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Prudential PLC cut its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 56.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,376 shares of the company's stock after selling 13,428 shares during the quarter. Prudential PLC's holdings in Robinhood Markets were worth $387,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors increased its holdings in Robinhood Markets by 31.0% during the third quarter. Captrust Financial Advisors now owns 18,942 shares of the company's stock worth $444,000 after buying an additional 4,487 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Robinhood Markets by 45.6% in the 3rd quarter. Quantinno Capital Management LP now owns 37,867 shares of the company's stock valued at $887,000 after acquiring an additional 11,859 shares during the period. State Street Corp increased its stake in shares of Robinhood Markets by 8.7% during the 3rd quarter. State Street Corp now owns 13,558,321 shares of the company's stock worth $317,536,000 after purchasing an additional 1,085,679 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Robinhood Markets by 58.0% in the 3rd quarter. MML Investors Services LLC now owns 51,839 shares of the company's stock valued at $1,214,000 after purchasing an additional 19,027 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Robinhood Markets in the 3rd quarter valued at about $1,965,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling

In other Robinhood Markets news, Director Baiju Bhatt sold 90,866 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $50.67, for a total value of $4,604,180.22. Following the sale, the director now owns 5,042 shares in the company, valued at $255,478.14. This trade represents a 94.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Vladimir Tenev sold 500,000 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $50.77, for a total transaction of $25,385,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,651,987 shares of company stock worth $132,806,233. Corporate insiders own 19.95% of the company's stock.

Robinhood Markets Stock Up 7.8 %

Shares of NASDAQ:HOOD traded up $3.17 during trading on Friday, reaching $43.68. 51,213,678 shares of the company traded hands, compared to its average volume of 23,773,205. The firm has a market capitalization of $38.68 billion, a PE ratio of 27.82, a PEG ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91. The company's 50 day moving average is $46.45 and its two-hundred day moving average is $39.50.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HOOD shares. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a research report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft decreased their target price on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Raymond James initiated coverage on Robinhood Markets in a report on Wednesday, February 5th. They set a "market perform" rating for the company. Wolfe Research downgraded shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Finally, JMP Securities cut their target price on shares of Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating for the company in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $55.06.

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.