Machina Capital S.A.S. Reduces Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Machina Capital S.A.S. lowered its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 47.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,300 shares of the company’s stock after selling 10,317 shares during the period. Machina Capital S.A.S.’s holdings in Robinhood Markets were worth $144,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new stake in Robinhood Markets in the 3rd quarter worth about $231,000. Raymond James & Associates boosted its stake in Robinhood Markets by 7.0% in the 3rd quarter. Raymond James & Associates now owns 31,847 shares of the company’s stock worth $312,000 after buying an additional 2,070 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Robinhood Markets by 33.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,647 shares of the company’s stock valued at $163,000 after purchasing an additional 4,163 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of Robinhood Markets in the 3rd quarter valued at about $296,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Robinhood Markets by 15.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,419,817 shares of the company’s stock valued at $23,738,000 after purchasing an additional 325,506 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HOOD shares. Morgan Stanley lifted their price objective on Robinhood Markets from $11.00 to $18.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods started coverage on Robinhood Markets in a report on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Robinhood Markets from $12.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, March 19th. TheStreet upgraded Robinhood Markets from a “d+” rating to a “c-” rating in a report on Wednesday, February 28th. Finally, Barclays raised their target price on Robinhood Markets from $11.00 to $16.00 and gave the company an “underweight” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Robinhood Markets presently has an average rating of “Hold” and an average price target of $18.96.

Insider Activity at Robinhood Markets

In related news, insider Baiju Bhatt sold 188,077 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $13.57, for a total transaction of $2,552,204.89. Following the completion of the transaction, the insider now owns 36,045 shares in the company, valued at approximately $489,130.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Vladimir Tenev sold 25,049 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $17.04, for a total value of $426,834.96. Following the sale, the chief executive officer now owns 32,584 shares of the company’s stock, valued at approximately $555,231.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Baiju Bhatt sold 188,077 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $13.57, for a total value of $2,552,204.89. Following the completion of the sale, the insider now directly owns 36,045 shares in the company, valued at approximately $489,130.65. The disclosure for this sale can be found here. Insiders sold 2,150,526 shares of company stock worth $34,221,892 in the last 90 days. 20.81% of the stock is currently owned by company insiders.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD traded up $0.21 during trading on Tuesday, reaching $17.99. The stock had a trading volume of 12,289,429 shares, compared to its average volume of 13,991,909. Robinhood Markets, Inc. has a one year low of $7.91 and a one year high of $20.55. The stock has a market cap of $15.73 billion, a PE ratio of -30.17 and a beta of 1.74. The firm’s 50 day moving average price is $17.75 and its two-hundred day moving average price is $13.31.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The business had revenue of $471.00 million during the quarter, compared to the consensus estimate of $454.73 million. During the same period in the previous year, the business earned ($0.19) EPS. The business’s quarterly revenue was up 23.9% on a year-over-year basis. On average, research analysts expect that Robinhood Markets, Inc. will post 0.29 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.