Gulf International Bank UK Ltd Has $1.27 Million Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Gulf International Bank UK Ltd increased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,200 shares of the company’s stock after acquiring an additional 3,200 shares during the period. Gulf International Bank UK Ltd’s holdings in Robinhood Markets were worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Robinhood Markets by 4.5% in the third quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company’s stock valued at $561,732,000 after buying an additional 2,459,702 shares in the last quarter. ARK Investment Management LLC grew its holdings in Robinhood Markets by 6.4% in the fourth quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company’s stock worth $445,087,000 after purchasing an additional 2,101,325 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Robinhood Markets by 9.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company’s stock worth $372,081,000 after purchasing an additional 2,517,012 shares during the period. Nikko Asset Management Americas Inc. grew its holdings in Robinhood Markets by 9.6% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 28,297,822 shares of the company’s stock worth $360,514,000 after purchasing an additional 2,486,986 shares during the period. Finally, Norges Bank acquired a new stake in Robinhood Markets in the fourth quarter worth $84,165,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jason Warnick sold 5,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $19.59, for a total transaction of $97,950.00. Following the sale, the chief financial officer now directly owns 1,002,407 shares of the company’s stock, valued at approximately $19,637,153.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Jason Warnick sold 5,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $19.59, for a total transaction of $97,950.00. Following the sale, the chief financial officer now directly owns 1,002,407 shares of the company’s stock, valued at approximately $19,637,153.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Baiju Bhatt sold 16,667 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $17.16, for a total transaction of $286,005.72. Following the sale, the director now directly owns 36,045 shares in the company, valued at $618,532.20. The disclosure for this sale can be found here. Insiders sold a total of 1,365,507 shares of company stock worth $25,995,973 in the last three months. 19.95% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HOOD. Citigroup lifted their price objective on shares of Robinhood Markets from $16.00 to $18.00 and gave the company a “sell” rating in a report on Thursday, June 13th. TheStreet raised shares of Robinhood Markets from a “d+” rating to a “c-” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group boosted their price target on shares of Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. JMP Securities reissued a “market outperform” rating and issued a $30.00 price target on shares of Robinhood Markets in a research note on Friday, June 7th. Finally, Mizuho upped their price objective on shares of Robinhood Markets from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Hold” and an average target price of $20.18.

Robinhood Markets Trading Up 2.6 %

Shares of NASDAQ HOOD opened at $22.29 on Friday. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $24.28. The firm has a market capitalization of $19.59 billion, a PE ratio of 148.60 and a beta of 1.83. The firm has a fifty day simple moving average of $19.56 and a two-hundred day simple moving average of $16.08.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.13. The company had revenue of $618.00 million during the quarter, compared to analyst estimates of $552.74 million. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. Robinhood Markets’s quarterly revenue was up 40.1% compared to the same quarter last year. During the same period last year, the business earned ($0.57) EPS. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 0.55 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.