Vinva Investment Management Ltd Lowers Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Vinva Investment Management Ltd lessened its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 67.3% during the 4th quarter, HoldingsChannel reports. The firm owned 27,158 shares of the company’s stock after selling 55,883 shares during the quarter. Vinva Investment Management Ltd’s holdings in Robinhood Markets were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new stake in Robinhood Markets in the 4th quarter worth approximately $26,000. True Wealth Design LLC purchased a new position in shares of Robinhood Markets during the 3rd quarter valued at approximately $30,000. Creative Financial Designs Inc. ADV lifted its position in shares of Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after buying an additional 750 shares in the last quarter. Silicon Valley Capital Partners purchased a new position in shares of Robinhood Markets during the 4th quarter valued at approximately $37,000. Finally, Bogart Wealth LLC purchased a new position in shares of Robinhood Markets during the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling

In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93. Following the completion of the transaction, the chief technology officer now directly owns 17,559 shares in the company, valued at $821,936.79. This trade represents a 25.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total value of $29,370,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,979,251 shares of company stock valued at $142,232,560. 19.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HOOD shares. Needham & Company LLC increased their target price on Robinhood Markets from $52.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods increased their target price on Robinhood Markets from $38.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. Citigroup raised their price objective on Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Raymond James began coverage on Robinhood Markets in a report on Wednesday, February 5th. They issued a “market perform” rating on the stock. Finally, JMP Securities raised their price objective on Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and an average price target of $61.29.

Robinhood Markets Trading Up 2.0 %

Shares of NASDAQ:HOOD opened at $43.66 on Friday. The business has a 50-day moving average price of $48.96 and a 200 day moving average price of $36.99. The company has a market capitalization of $38.66 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

About Robinhood Markets

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.