Cwm LLC Has $69,000 Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Cwm LLC lessened its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 36.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,380 shares of the company’s stock after selling 3,108 shares during the period. Cwm LLC’s holdings in Robinhood Markets were worth $69,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HOOD. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Robinhood Markets by 120.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,311 shares of the company’s stock valued at $1,788,000 after acquiring an additional 76,676 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Robinhood Markets during the fourth quarter worth $138,000. Strs Ohio acquired a new position in shares of Robinhood Markets in the 4th quarter valued at $750,000. Vontobel Holding Ltd. bought a new stake in shares of Robinhood Markets in the 4th quarter valued at $1,076,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Robinhood Markets by 9.4% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company’s stock worth $372,081,000 after buying an additional 2,517,012 shares during the period. Institutional investors own 93.27% of the company’s stock.

Insider Activity

In other news, CEO Vladimir Tenev sold 500,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.12, for a total value of $7,560,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $17.83, for a total transaction of $222,875.00. Following the completion of the transaction, the insider now directly owns 854,995 shares of the company’s stock, valued at $15,244,560.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Vladimir Tenev sold 500,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.12, for a total transaction of $7,560,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,413,026 shares of company stock valued at $38,927,267 in the last quarter. Company insiders own 20.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JMP Securities raised their price target on Robinhood Markets from $25.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. The Goldman Sachs Group lifted their price target on shares of Robinhood Markets from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. TheStreet raised shares of Robinhood Markets from a “d+” rating to a “c-” rating in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods initiated coverage on shares of Robinhood Markets in a research report on Wednesday, April 3rd. They issued a “market perform” rating and a $20.00 price objective on the stock. Finally, Mizuho increased their target price on Robinhood Markets from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Monday. Three equities research 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’s stock. Based on data from MarketBeat, Robinhood Markets has an average rating of “Hold” and an average price target of $18.96.

Robinhood Markets Stock Performance

HOOD opened at $17.85 on Thursday. The business’s 50-day simple moving average is $17.78 and its 200 day simple moving average is $13.37. The firm has a market capitalization of $15.61 billion, a PE ratio of -29.75 and a beta of 1.74. Robinhood Markets, Inc. has a 52-week low of $7.91 and a 52-week high of $20.55.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The business’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.19) EPS. On average, research analysts forecast that Robinhood Markets, Inc. will post 0.29 earnings per share for the current year.

Robinhood Markets Company 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.