Nia Impact Advisors LLC Sells 9,619 Shares of Robinhood Markets, Inc. $HOOD

Nia Impact Advisors LLC reduced its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 17.6% in the fourth quarter, Holdings Channel reports. The fund owned 45,189 shares of the company’s stock after selling 9,619 shares during the quarter. Robinhood Markets accounts for about 1.7% of Nia Impact Advisors LLC’s portfolio, making the stock its 19th largest position. Nia Impact Advisors LLC’s holdings in Robinhood Markets were worth $5,111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of HOOD. Vanguard Group Inc. grew its position in shares of Robinhood Markets by 24.9% during the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after acquiring an additional 18,824,923 shares during the period. State Street Corp grew its position in shares of Robinhood Markets by 103.2% during the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after acquiring an additional 16,375,734 shares during the period. Jennison Associates LLC grew its position in shares of Robinhood Markets by 95.7% during the 4th quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock valued at $499,001,000 after acquiring an additional 2,157,372 shares during the period. Northern Trust Corp grew its position in shares of Robinhood Markets by 48.5% during the 3rd quarter. Northern Trust Corp now owns 6,157,337 shares of the company’s stock valued at $881,608,000 after acquiring an additional 2,011,820 shares during the period. Finally, Clear Street Group Inc. bought a new position in shares of Robinhood Markets during the 3rd quarter valued at approximately $241,200,000. 93.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Robinhood Markets news, insider Steven M. Quirk sold 8,540 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $84.93, for a total value of $725,302.20. Following the sale, the insider directly owned 53,183 shares in the company, valued at $4,516,832.19. This represents a 13.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $69.85, for a total transaction of $407,574.75. Following the completion of the sale, the chief technology officer owned 18,006 shares in the company, valued at $1,257,719.10. This represents a 24.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 560,765 shares of company stock worth $40,946,840 in the last 90 days. 14.47% of the stock is currently owned by company insiders.

Robinhood Markets Stock Performance

HOOD opened at $73.64 on Monday. The company has a 50 day moving average of $76.11 and a 200 day moving average of $96.12. The company has a market cap of $66.31 billion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 2.39 and a beta of 2.29. Robinhood Markets, Inc. has a 12 month low of $62.63 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the business posted $0.37 earnings per share. Research analysts forecast that Robinhood Markets, Inc. will post 1.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HOOD shares. Morgan Stanley reduced their target price on shares of Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research report on Friday, March 27th. Mizuho increased their target price on shares of Robinhood Markets from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Wolfe Research raised shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 target price for the company in a research report on Monday, February 9th. Finally, Needham & Company LLC cut their price objective on shares of Robinhood Markets from $95.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $107.88.

About Robinhood Markets

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.