B. Metzler seel. Sohn & Co. AG Lowers Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

B. Metzler seel. Sohn & Co. AG lessened its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,897 shares of the company’s stock after selling 685 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Robinhood Markets were worth $555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC bought a new position in shares of Robinhood Markets during the 4th quarter worth $26,000. Creative Financial Designs Inc. ADV grew its holdings in Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after acquiring an additional 750 shares in the last quarter. Silicon Valley Capital Partners purchased a new position in Robinhood Markets during the 4th quarter valued at about $37,000. Bogart Wealth LLC bought a new stake in shares of Robinhood Markets in the 4th quarter valued at about $37,000. Finally, Spire Wealth Management lifted its position in shares of Robinhood Markets by 104.6% in the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock worth $40,000 after purchasing an additional 549 shares during the period. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $34.51 on Friday. The company has a market capitalization of $30.56 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. The company’s fifty day moving average price is $48.15 and its 200 day moving average price is $38.71. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Activity

In related news, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total value of $31,470,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Baiju Bhatt sold 47,023 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $46.37, for a total transaction of $2,180,456.51. Following the transaction, the director now owns 5,042 shares of the company’s stock, valued at $233,797.54. This represents a 90.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,627,010 shares of company stock worth $131,897,049 over the last three months. 19.95% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HOOD has been the topic of several research reports. Needham & Company LLC cut their price objective on shares of Robinhood Markets from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Raymond James assumed coverage on Robinhood Markets in a research report on Wednesday, February 5th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. raised their price objective on Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Compass Point assumed coverage on shares of Robinhood Markets in a report on Wednesday, March 19th. They issued a “buy” rating and a $61.00 target price for the company. Finally, JMP Securities lifted their price objective on shares of Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.24.

Robinhood Markets Company 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.