Gulf International Bank UK Ltd Sells 1,200 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Gulf International Bank UK Ltd lowered its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,122 shares of the company’s stock after selling 1,200 shares during the period. Gulf International Bank UK Ltd’s holdings in Robinhood Markets were worth $939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOOD. HM Payson & Co. grew its holdings in shares of Robinhood Markets by 53.5% in the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after acquiring an additional 410 shares in the last quarter. Eastern Bank acquired a new position in Robinhood Markets during the third quarter valued at approximately $30,000. ORG Wealth Partners LLC bought a new position in Robinhood Markets in the third quarter valued at approximately $33,000. ORG Partners LLC acquired a new position in shares of Robinhood Markets during the 2nd quarter worth approximately $33,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Robinhood Markets during the 1st quarter worth approximately $34,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Stock Performance

HOOD stock opened at $30.54 on Friday. Robinhood Markets, Inc. has a 52 week low of $7.91 and a 52 week high of $30.63. The company has a market capitalization of $27.00 billion, a PE ratio of 51.76, a price-to-earnings-growth ratio of 0.58 and a beta of 1.84. The company’s 50-day simple moving average is $24.17 and its 200 day simple moving average is $21.77.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The business had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. During the same quarter in the previous year, the company earned ($0.09) EPS. The business’s revenue for the quarter was up 36.4% on a year-over-year basis. On average, analysts forecast that Robinhood Markets, Inc. will post 0.71 EPS for the current year.

Insiders Place Their Bets

In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.33, for a total transaction of $241,625.00. Following the completion of the sale, the insider now directly owns 1,045,068 shares in the company, valued at approximately $20,201,164.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $19.33, for a total value of $241,625.00. Following the completion of the transaction, the insider now directly owns 1,045,068 shares in the company, valued at approximately $20,201,164.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Meyer Malka sold 105,875 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $30.00, for a total transaction of $3,176,250.00. Following the sale, the director now directly owns 28,930,243 shares of the company’s stock, valued at approximately $867,907,290. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,854,493 shares of company stock worth $118,173,265 in the last 90 days. Company insiders own 19.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HOOD. The Goldman Sachs Group decreased their target price on shares of Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Piper Sandler lifted their price objective on shares of Robinhood Markets from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Robinhood Markets from $24.00 to $27.00 and gave the company a “buy” rating in a report on Monday, September 30th. KeyCorp lifted their price target on Robinhood Markets from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. upped their price objective on Robinhood Markets from $17.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.17.

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.