Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd cut its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 67.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,158 shares of the company's stock after selling 55,883 shares during the period. Vinva Investment Management Ltd's holdings in Robinhood Markets were worth $1,040,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC raised its position in shares of Robinhood Markets by 2.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company's stock worth $368,000 after purchasing an additional 233 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Robinhood Markets by 7.8% during the 4th quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock worth $142,000 after buying an additional 277 shares in the last quarter. Commerce Bank lifted its position in shares of Robinhood Markets by 3.3% in the third quarter. Commerce Bank now owns 13,245 shares of the company's stock valued at $310,000 after acquiring an additional 423 shares in the last quarter. Spire Wealth Management lifted its position in shares of Robinhood Markets by 104.6% in the fourth quarter. Spire Wealth Management now owns 1,074 shares of the company's stock valued at $40,000 after acquiring an additional 549 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Robinhood Markets by 130.7% in the fourth quarter. Allworth Financial LP now owns 1,135 shares of the company's stock worth $42,000 after acquiring an additional 643 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

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Insider Buying and Selling at Robinhood Markets

In other news, Director Baiju Bhatt sold 522,180 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $62.70, for a total value of $32,740,686.00. Following the completion of the transaction, the director now owns 5,042 shares of the company's stock, valued at approximately $316,133.40. This trade represents a 99.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,679,251 shares of company stock valued at $130,979,560 in the last three months. 19.95% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HOOD has been the subject of several recent research reports. Mizuho increased their price objective on Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. The Goldman Sachs Group raised shares of Robinhood Markets from a "neutral" rating to a "buy" rating and raised their price target for the stock from $40.00 to $46.00 in a research note on Friday, December 6th. Wolfe Research lowered shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Piper Sandler upped their price target on Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley lifted their price objective on Robinhood Markets from $64.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $61.29.

Robinhood Markets Stock Up 9.0 %

Shares of HOOD traded up $4.00 during trading on Monday, reaching $48.36. 50,563,276 shares of the company traded hands, compared to its average volume of 21,212,261. The stock has a market cap of $42.82 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. The stock has a 50-day simple moving average of $49.04 and a 200-day simple moving average of $37.41. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 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.