Vontobel Holding Ltd. Has $659,000 Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Vontobel Holding Ltd. raised its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 32.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,125 shares of the company’s stock after purchasing an additional 6,872 shares during the quarter. Vontobel Holding Ltd.’s holdings in Robinhood Markets were worth $659,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HOOD. PNC Financial Services Group Inc. lifted its holdings in Robinhood Markets by 46.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock worth $29,000 after purchasing an additional 722 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Robinhood Markets in the second quarter worth $33,000. ORG Wealth Partners LLC bought a new stake in shares of Robinhood Markets during the 3rd quarter worth $33,000. Allspring Global Investments Holdings LLC bought a new position in Robinhood Markets in the 1st quarter worth $34,000. Finally, International Assets Investment Management LLC acquired a new position in Robinhood Markets during the 2nd quarter worth $40,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Trading Up 0.5 %

Shares of HOOD stock opened at $26.97 on Tuesday. Robinhood Markets, Inc. has a 1 year low of $7.91 and a 1 year high of $27.33. The firm’s 50 day moving average is $22.20 and its 200-day moving average is $20.91. The firm has a market capitalization of $23.70 billion, a price-to-earnings ratio of 179.80 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. The firm had revenue of $682.00 million for the quarter, compared to the consensus estimate of $640.39 million. Robinhood Markets had a return on equity of 4.25% and a net margin of 12.96%. The business’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 EPS. On average, equities research analysts forecast that Robinhood Markets, Inc. will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on HOOD shares. Deutsche Bank Aktiengesellschaft lifted their price target on Robinhood Markets from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Keefe, Bruyette & Woods cut their target price on shares of Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. boosted their price objective on shares of Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Barclays increased their target price on shares of Robinhood Markets from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Morgan Stanley boosted their price target on Robinhood Markets from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.97.

Insider Activity

In related news, CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $16.05, for a total value of $4,012,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Baiju Bhatt sold 143,944 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $18.73, for a total value of $2,696,071.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $16.05, for a total transaction of $4,012,500.00. The disclosure for this sale can be found here. Insiders have sold 4,639,654 shares of company stock valued at $110,241,632 over the last 90 days. 19.95% of the stock is owned by company insiders.

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.