Lansforsakringar Fondforvaltning AB publ Grows Stock Position in Robinhood Markets, Inc. $HOOD

Lansforsakringar Fondforvaltning AB publ raised its position in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 4.3% in the 3rd quarter, Holdings Channel reports. The fund owned 230,740 shares of the company’s stock after purchasing an additional 9,475 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Robinhood Markets were worth $33,037,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. North Star Investment Management Corp. grew its holdings in Robinhood Markets by 44.9% during the 3rd quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares in the last quarter. First Command Advisory Services Inc. lifted its holdings in Robinhood Markets by 33.8% in the 3rd quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock worth $46,000 after buying an additional 81 shares in the last quarter. CogentBlue Wealth Advisors LLC boosted its position in Robinhood Markets by 3.8% in the 3rd quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock valued at $342,000 after buying an additional 87 shares during the last quarter. ORG Partners LLC grew its stake in shares of Robinhood Markets by 5.5% during the third quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock valued at $269,000 after acquiring an additional 97 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its stake in shares of Robinhood Markets by 107.6% during the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after acquiring an additional 99 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Robinhood Markets

In related news, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $121.63, for a total transaction of $45,611,250.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Shiv Verma sold 5,474 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $75.13, for a total transaction of $411,261.62. Following the completion of the transaction, the chief financial officer directly owned 51,771 shares in the company, valued at $3,889,555.23. This represents a 9.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 706,413 shares of company stock valued at $85,161,009 in the last ninety days. 14.47% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on HOOD shares. Needham & Company LLC cut their price target on Robinhood Markets from $135.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Truist Financial dropped their price objective on Robinhood Markets from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Robinhood Markets in a research report on Monday, December 22nd. Zacks Research downgraded shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Barclays dropped their price target on shares of Robinhood Markets from $159.00 to $124.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.71.

Get Our Latest Analysis on Robinhood Markets

Robinhood Markets Stock Up 0.6%

NASDAQ:HOOD opened at $76.11 on Friday. The company has a market cap of $68.44 billion, a PE ratio of 36.95, a P/E/G ratio of 1.29 and a beta of 2.43. The business’s 50 day moving average is $103.45 and its two-hundred day moving average is $117.25. Robinhood Markets, Inc. has a 52 week low of $29.66 and a 52 week high of $153.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company posted $1.01 EPS. The business’s revenue was up 26.5% compared to the same quarter last year. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

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Robinhood Markets Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOODFree Report).

Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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