Quadrature Capital Ltd Lowers Stake in Robinhood Markets, Inc. $HOOD

Quadrature Capital Ltd lessened its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 21.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 919,191 shares of the company’s stock after selling 249,578 shares during the period. Robinhood Markets makes up 1.5% of Quadrature Capital Ltd’s portfolio, making the stock its 10th biggest position. Quadrature Capital Ltd’s holdings in Robinhood Markets were worth $86,064,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in shares of Robinhood Markets by 6.4% during the 1st quarter. HighTower Advisors LLC now owns 50,264 shares of the company’s stock worth $2,092,000 after purchasing an additional 3,032 shares in the last quarter. Wellington Management Group LLP grew its stake in Robinhood Markets by 3.1% during the first quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock worth $677,000 after buying an additional 486 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Robinhood Markets by 125.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 19,201 shares of the company’s stock worth $799,000 after buying an additional 10,703 shares in the last quarter. Metavasi Capital LP raised its stake in shares of Robinhood Markets by 275.0% in the first quarter. Metavasi Capital LP now owns 75,000 shares of the company’s stock valued at $3,122,000 after acquiring an additional 55,000 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Robinhood Markets by 137.6% in the 1st quarter. Deutsche Bank AG now owns 1,761,767 shares of the company’s stock worth $73,325,000 after acquiring an additional 1,020,286 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Stock Up 10.9%

Shares of HOOD opened at $128.20 on Friday. The stock’s fifty day simple moving average is $132.63 and its 200-day simple moving average is $106.56. The firm has a market capitalization of $115.28 billion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 2.88 and a beta of 2.42. Robinhood Markets, Inc. has a 12-month low of $29.66 and a 12-month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping 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 firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business posted $0.17 EPS. The company’s quarterly revenue was up 100.0% compared to the same quarter last year. Analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 418,338 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $116.56, for a total value of $48,761,477.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction on Monday, October 27th. The stock was sold at an average price of $146.91, for a total transaction of $861,480.24. Following the sale, the chief technology officer directly owned 6,088 shares of the company’s stock, valued at $894,388.08. This represents a 49.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,970,272 shares of company stock valued at $505,742,993. 14.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on HOOD. JMP Securities raised their price target on Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a report on Thursday, October 9th. CICC Research assumed coverage on Robinhood Markets in a report on Monday, October 27th. They set an “outperform” rating and a $155.00 target price on the stock. Citigroup raised their target price on Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Compass Point reaffirmed a “buy” rating on shares of Robinhood Markets in a report on Monday, October 27th. Finally, Bank of America increased their price objective on shares of Robinhood Markets from $139.00 to $157.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.95.

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.