Czech National Bank Makes New $27.57 Million Investment in Robinhood Markets, Inc. $HOOD

Czech National Bank acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 192,535 shares of the company’s stock, valued at approximately $27,567,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC raised its holdings in Robinhood Markets by 6.4% in the 1st quarter. HighTower Advisors LLC now owns 50,264 shares of the company’s stock valued at $2,092,000 after acquiring an additional 3,032 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Robinhood Markets by 56.1% during the first quarter. Kovitz Investment Group Partners LLC now owns 23,763 shares of the company’s stock valued at $989,000 after acquiring an additional 8,542 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Robinhood Markets by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,315,500 shares of the company’s stock valued at $138,005,000 after acquiring an additional 21,574 shares in the last quarter. Aberdeen Group plc bought a new position in Robinhood Markets during the 1st quarter worth approximately $765,000. Finally, American Century Companies Inc. boosted its position in Robinhood Markets by 18.8% during the 1st quarter. American Century Companies Inc. now owns 108,053 shares of the company’s stock valued at $4,497,000 after purchasing an additional 17,131 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Trading Down 3.0%

Robinhood Markets stock opened at $115.80 on Thursday. The company has a market capitalization of $104.13 billion, a P/E ratio of 48.05, a P/E/G ratio of 2.40 and a beta of 2.43. The firm’s fifty day simple moving average is $130.25 and its 200-day simple moving average is $113.14. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business posted $0.17 EPS. Robinhood Markets’s revenue was up 100.0% compared to the same quarter last year. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Buying and Selling

In other Robinhood Markets news, insider Steven M. Quirk sold 49,942 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total value of $6,549,893.30. Following the transaction, the insider directly owned 54,496 shares in the company, valued at $7,147,150.40. The trade was a 47.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total value of $15,855,600.00. Following the completion of the transaction, the insider directly owned 430,012 shares in the company, valued at $56,817,485.56. The trade was a 21.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,686,763 shares of company stock valued at $475,858,262 over the last ninety days. Company insiders own 14.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HOOD. Keefe, Bruyette & Woods upped their target price on Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Citizens Jmp upped their target price on Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a report on Friday, November 7th. CICC Research assumed coverage on Robinhood Markets in a report on Monday, October 27th. They set an “outperform” rating and a $155.00 price objective on the stock. Dbs Bank upgraded shares of Robinhood Markets to a “moderate buy” rating in a report on Wednesday, November 12th. Finally, Morgan Stanley boosted their price target on shares of Robinhood Markets from $110.00 to $146.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.25.

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.