Robinhood Markets, Inc. $HOOD Shares Sold by World Investment Advisors

World Investment Advisors lowered its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 58.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,192 shares of the company’s stock after selling 18,328 shares during the period. World Investment Advisors’ holdings in Robinhood Markets were worth $1,889,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brookstone Capital Management acquired a new position in Robinhood Markets in the 3rd quarter valued at $333,000. Tritonpoint Wealth LLC acquired a new stake in shares of Robinhood Markets in the 3rd quarter worth $270,000. CogentBlue Wealth Advisors LLC boosted its holdings in shares of Robinhood Markets by 3.8% in the third quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock valued at $342,000 after acquiring an additional 87 shares in the last quarter. Optas LLC acquired a new position in shares of Robinhood Markets during the third quarter worth about $358,000. Finally, Petredis Investment Advisors LLC acquired a new position in shares of Robinhood Markets during the third quarter worth about $266,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In other news, insider Steven M. Quirk sold 49,942 shares of the firm’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 completion of the transaction, the insider directly owned 54,496 shares of the company’s stock, valued at $7,147,150.40. This trade represents a 47.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $122.39, for a total value of $717,694.96. Following the transaction, the chief technology officer owned 20,861 shares of the company’s stock, valued at $2,553,177.79. This represents a 21.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,686,763 shares of company stock valued at $475,848,059 in the last quarter. Insiders own 14.47% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of analyst reports. Citigroup lifted their price objective on Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Citizens Jmp raised their price target on Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a report on Friday, November 7th. Dbs Bank upgraded Robinhood Markets to a “moderate buy” rating in a research note on Wednesday, November 12th. Keefe, Bruyette & Woods upped their price objective on Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. Finally, Morgan Stanley increased their price objective on Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus target price of $137.30.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $118.13 on Friday. The business has a 50 day moving average price of $127.79 and a 200 day moving average price of $115.48. The company has a market capitalization of $106.22 billion, a P/E ratio of 49.02, a PEG ratio of 2.16 and a beta of 2.43. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company earned $0.17 earnings per share. Robinhood Markets’s revenue was up 100.0% compared to the same quarter last year. On average, research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal 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.