International Assets Investment Management LLC Has $165,000 Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

International Assets Investment Management LLC raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 301.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,026 shares of the company’s stock after acquiring an additional 5,276 shares during the period. International Assets Investment Management LLC’s holdings in Robinhood Markets were worth $165,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Robinhood Markets in the 1st quarter valued at approximately $34,000. Nordea Investment Management AB boosted its holdings in shares of Robinhood Markets by 15.1% in the first quarter. Nordea Investment Management AB now owns 33,852 shares of the company’s stock valued at $679,000 after buying an additional 4,447 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Robinhood Markets by 18.8% during the first quarter. Daiwa Securities Group Inc. now owns 41,535 shares of the company’s stock worth $836,000 after acquiring an additional 6,575 shares during the period. Whittier Trust Co. raised its holdings in shares of Robinhood Markets by 25.8% during the first quarter. Whittier Trust Co. now owns 5,828 shares of the company’s stock worth $117,000 after acquiring an additional 1,194 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Robinhood Markets in the 1st quarter valued at $569,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Robinhood Markets

In related news, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $24.21, for a total value of $6,052,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Vladimir Tenev sold 250,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $24.21, for a total value of $6,052,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven M. Quirk sold 208,291 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $24.98, for a total value of $5,203,109.18. Following the completion of the transaction, the insider now directly owns 346,020 shares in the company, valued at approximately $8,643,579.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,639,654 shares of company stock worth $112,281,632. 19.95% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their price target on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. upped their price target on Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. JMP Securities lifted their price objective on shares of Robinhood Markets from $30.00 to $33.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Morgan Stanley boosted their price objective on shares of Robinhood Markets from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, 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 report on Friday, November 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.17.

Robinhood Markets Stock Up 19.6 %

HOOD opened at $29.86 on Thursday. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $30.06. The business has a 50 day moving average of $23.58 and a 200-day moving average of $21.57. The stock has a market cap of $26.42 billion, a price-to-earnings ratio of 50.61, a PEG ratio of 0.58 and a beta of 1.84.

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