Nordea Investment Management AB Has $94.31 Million Holdings in Robinhood Markets, Inc. $HOOD

Nordea Investment Management AB raised its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 1.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 677,250 shares of the company’s stock after purchasing an additional 12,933 shares during the period. Nordea Investment Management AB owned approximately 0.08% of Robinhood Markets worth $94,307,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. grew its holdings in Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after buying an additional 148 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in Robinhood Markets by 113.6% during the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Smithfield Trust Co bought a new stake in shares of Robinhood Markets in the 2nd quarter worth $29,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Robinhood Markets in the second quarter valued at about $34,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Robinhood Markets during the second quarter valued at about $36,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. Needham & Company LLC reduced their target price on Robinhood Markets from $145.00 to $135.00 and set a “buy” rating for the company in a report on Monday, December 29th. CICC Research began coverage on Robinhood Markets in a research report on Monday, October 27th. They set an “outperform” rating and a $155.00 price target for the company. The Goldman Sachs Group reissued a “buy” rating on shares of Robinhood Markets in a research report on Monday, January 5th. Finally, Cantor Fitzgerald reduced their price objective on Robinhood Markets from $155.00 to $152.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.62.

Insider Buying and Selling at Robinhood Markets

In other news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $121.63, for a total value of $45,611,250.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven M. Quirk sold 49,942 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total transaction of $6,549,893.30. Following the sale, the insider owned 54,496 shares in the company, valued at $7,147,150.40. The trade was a 47.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,296,763 shares of company stock valued at $414,016,996. Insiders own 14.47% of the company’s stock.

Robinhood Markets Trading Down 0.5%

Shares of NASDAQ HOOD opened at $119.67 on Thursday. The stock has a fifty day simple moving average of $121.94 and a two-hundred day simple moving average of $119.03. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86. The firm has a market cap of $107.61 billion, a price-to-earnings ratio of 49.66, a price-to-earnings-growth ratio of 1.82 and a beta of 2.44.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The business’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 EPS. Analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.