BI Asset Management Fondsmaeglerselskab A S Decreases Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

BI Asset Management Fondsmaeglerselskab A S decreased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 62.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,676 shares of the company's stock after selling 93,329 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Robinhood Markets were worth $2,074,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HOOD. First Trust Advisors LP grew its stake in shares of Robinhood Markets by 35.9% in the fourth quarter. First Trust Advisors LP now owns 964,836 shares of the company's stock worth $35,950,000 after acquiring an additional 254,817 shares during the period. GeoWealth Management LLC bought a new position in shares of Robinhood Markets during the 4th quarter valued at $53,000. Alpha DNA Investment Management LLC purchased a new position in shares of Robinhood Markets in the 4th quarter worth $774,000. Strategic Investment Solutions Inc. IL grew its holdings in shares of Robinhood Markets by 170,425.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 6,821 shares of the company's stock worth $254,000 after acquiring an additional 6,817 shares during the period. Finally, Farringdon Capital Ltd. bought a new stake in shares of Robinhood Markets in the fourth quarter worth $219,000. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Trading Up 7.8 %

NASDAQ:HOOD traded up $3.49 during midday trading on Thursday, hitting $48.15. 42,427,457 shares of the company traded hands, compared to its average volume of 24,688,049. The firm's fifty day moving average is $44.05 and its 200-day moving average is $40.45. The firm has a market capitalization of $42.63 billion, a P/E ratio of 30.67, a P/E/G ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91.

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 analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $51.60, for a total transaction of $1,290,000.00. Following the transaction, the insider now directly owns 706,642 shares in the company, valued at $36,462,727.20. This trade represents a 3.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Baiju Bhatt sold 223,072 shares of the company's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $41.24, for a total value of $9,199,489.28. Following the completion of the sale, the director now owns 7,863 shares of the company's stock, valued at $324,270.12. This represents a 96.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,193,327 shares of company stock worth $107,903,039 over the last quarter. Company insiders own 19.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HOOD. JMP Securities dropped their price objective on shares of Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Citigroup decreased their target price on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Wolfe Research cut Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Barclays cut their price objective on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $53.88.

About Robinhood Markets

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.