Swedbank AB Has $41.96 Million Stake in Robinhood Markets, Inc. $HOOD

Swedbank AB trimmed its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 371,024 shares of the company’s stock after selling 13,035 shares during the period. Swedbank AB’s holdings in Robinhood Markets were worth $41,963,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Robinhood Markets in the 4th quarter worth $582,000. Prospera Financial Services Inc grew its position in Robinhood Markets by 7.7% in the 4th quarter. Prospera Financial Services Inc now owns 18,665 shares of the company’s stock worth $2,111,000 after purchasing an additional 1,328 shares during the last quarter. Boundless Plain Holdings Ltd acquired a new stake in shares of Robinhood Markets during the 4th quarter valued at about $7,847,000. Hartline Investment Corp boosted its position in shares of Robinhood Markets by 13.8% during the 4th quarter. Hartline Investment Corp now owns 74,003 shares of the company’s stock valued at $8,370,000 after acquiring an additional 8,960 shares in the last quarter. Finally, Pathfinder Wealth Consulting Inc. acquired a new stake in shares of Robinhood Markets during the 4th quarter valued at about $554,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Price Performance

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

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $1.07 billion for 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 company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. As a group, analysts expect that Robinhood Markets, Inc. will post 1.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HOOD shares. JPMorgan Chase & Co. dropped their target price on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Wall Street Zen downgraded shares of Robinhood Markets from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Mizuho boosted their target price on shares of Robinhood Markets from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $155.00 target price on shares of Robinhood Markets in a research note on Wednesday, April 29th. Finally, Argus dropped their target price on shares of Robinhood Markets from $102.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $107.88.

Insider Buying and Selling at Robinhood Markets

In related news, CFO Shiv Verma sold 5,436 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $77.36, for a total transaction of $420,528.96. Following the completion of the sale, the chief financial officer directly owned 47,311 shares of the company’s stock, valued at $3,659,978.96. The trade was a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $83.92, for a total transaction of $489,673.20. Following the sale, the chief technology officer directly owned 12,171 shares of the company’s stock, valued at approximately $1,021,390.32. This trade represents a 32.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 560,765 shares of company stock valued at $40,946,840 over the last 90 days. Company insiders own 14.47% of the company’s stock.

Robinhood Markets Profile

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.