146,493 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 146,493 shares of the company’s stock, valued at approximately $5,458,000.

Several other institutional investors have also bought and sold shares of HOOD. FMR LLC raised its position in shares of Robinhood Markets by 184.8% during the 4th quarter. FMR LLC now owns 40,237,478 shares of the company’s stock valued at $1,499,248,000 after buying an additional 26,107,934 shares in the last quarter. Norges Bank purchased a new stake in Robinhood Markets during the fourth quarter valued at approximately $329,598,000. GQG Partners LLC bought a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $302,325,000. Artisan Partners Limited Partnership purchased a new position in shares of Robinhood Markets in the 4th quarter worth approximately $152,949,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Robinhood Markets by 335.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company’s stock worth $193,202,000 after purchasing an additional 3,994,745 shares during the period. Institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HOOD shares. Needham & Company LLC lowered their price target on Robinhood Markets from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $60.00 target price on shares of Robinhood Markets in a report on Thursday, March 27th. Citigroup dropped their price target on shares of Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Barclays reduced their price objective on shares of Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. boosted their target price on Robinhood Markets from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus price target of $53.24.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 522,180 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $62.70, for a total value of $32,740,686.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $47.69, for a total transaction of $1,192,250.00. Following the completion of the transaction, the insider now directly owns 797,825 shares of the company’s stock, valued at $38,048,274.25. The trade was a 3.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,243,727 shares of company stock valued at $109,688,747. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $54.65 on Friday. The stock has a market cap of $48.39 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 1.05 and a beta of 2.15. The firm’s 50-day moving average is $43.38 and its two-hundred day moving average is $42.39. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $927.00 million for the quarter, compared to analysts’ expectations of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The business’s quarterly revenue was up 50.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share. On average, equities analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Robinhood Markets Profile

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.