Diversified Trust Co Sells 28,810 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Diversified Trust Co trimmed its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 76.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,703 shares of the company's stock after selling 28,810 shares during the period. Diversified Trust Co's holdings in Robinhood Markets were worth $324,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC boosted its holdings in shares of Robinhood Markets by 31.3% during the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company's stock worth $330,914,000 after buying an additional 3,368,118 shares in the last quarter. State Street Corp lifted its holdings in shares of Robinhood Markets by 8.7% in 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Robinhood Markets by 19.5% in the 3rd quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company's stock worth $271,708,000 after purchasing an additional 1,895,427 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Robinhood Markets by 37.7% in the 2nd quarter. Renaissance Technologies LLC now owns 7,651,700 shares of the company's stock worth $173,770,000 after purchasing an additional 2,094,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Robinhood Markets by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,581,465 shares of the company's stock worth $107,298,000 after purchasing an additional 1,137,677 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded Robinhood Markets from a "neutral" rating to a "buy" rating and increased their target price for the stock from $40.00 to $46.00 in a report on Friday, December 6th. Keefe, Bruyette & Woods increased their target price on Robinhood Markets from $24.00 to $38.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Sanford C. Bernstein raised their price objective on Robinhood Markets from $30.00 to $51.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Citigroup raised their price objective on Robinhood Markets from $25.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday. Finally, JPMorgan Chase & Co. upgraded Robinhood Markets from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $20.00 to $43.00 in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Robinhood Markets has a consensus rating of "Moderate Buy" and a consensus price target of $42.13.

Insider Buying and Selling at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $42.64, for a total transaction of $250,552.64. Following the completion of the sale, the chief technology officer now owns 5,876 shares in the company, valued at approximately $250,552.64. This trade represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven M. Quirk sold 19,861 shares of Robinhood Markets stock in a transaction dated Sunday, December 1st. The shares were sold at an average price of $37.54, for a total value of $745,581.94. Following the sale, the insider now owns 395,166 shares of the company's stock, valued at approximately $14,834,531.64. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,708,196 shares of company stock valued at $138,845,043 in the last quarter. 19.95% of the stock is currently owned by corporate insiders.

Robinhood Markets Stock Down 1.8 %

HOOD traded down $0.73 during trading hours on Friday, hitting $40.08. The stock had a trading volume of 13,951,677 shares, compared to its average volume of 17,801,498. The company's fifty day simple moving average is $36.99 and its 200 day simple moving average is $27.49. Robinhood Markets, Inc. has a 1 year low of $10.38 and a 1 year high of $43.83. The stock has a market cap of $35.43 billion, a PE ratio of 67.93, a price-to-earnings-growth ratio of 0.81 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $637.00 million during the quarter, compared to analysts' expectations of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The company's revenue was up 36.4% compared to the same quarter last year. During the same period last year, the business posted ($0.09) EPS. As a group, equities analysts expect that Robinhood Markets, Inc. will post 0.8 EPS for the current year.

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.