Evolution Wealth Advisors LLC Sells 6,570 Shares of Robinhood Markets, Inc. $HOOD

Evolution Wealth Advisors LLC reduced its holdings in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 78.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,821 shares of the company’s stock after selling 6,570 shares during the period. Evolution Wealth Advisors LLC’s holdings in Robinhood Markets were worth $261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hantz Financial Services Inc. boosted its position in shares of Robinhood Markets by 120.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after purchasing an additional 148 shares during the last quarter. Valley National Advisers Inc. lifted its stake in Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Smithfield Trust Co bought a new stake in shares of Robinhood Markets in the 2nd quarter valued at about $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at approximately $34,000. Finally, V Square Quantitative Management LLC bought a new position in Robinhood Markets during the 2nd quarter worth approximately $36,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $108.74 on Friday. The stock has a 50-day simple moving average of $121.17 and a 200 day simple moving average of $119.07. Robinhood Markets, Inc. has a 52-week low of $29.66 and a 52-week high of $153.86. The company has a market cap of $97.78 billion, a PE ratio of 45.12, a PEG ratio of 1.75 and a beta of 2.44.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $0.17 EPS. The business’s revenue was up 100.0% on a year-over-year basis. On average, research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

More Robinhood Markets News

Here are the key news stories impacting Robinhood Markets this week:

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 1,330,000 shares of Robinhood Markets stock in a transaction on Friday, November 7th. The shares were sold at an average price of $128.47, for a total value of $170,865,100.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven M. Quirk sold 49,942 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $131.15, for a total transaction of $6,549,893.30. Following the sale, the insider directly owned 54,496 shares in the company, valued at $7,147,150.40. This trade represents a 47.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,296,763 shares of company stock worth $414,016,996. Company insiders own 14.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC reduced their price target on shares of Robinhood Markets from $145.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, December 29th. Mizuho lifted their target price on Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. KeyCorp boosted their target price on Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Loop Capital set a $152.00 price target on Robinhood Markets in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Robinhood Markets in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.62.

Get Our Latest Stock Analysis on HOOD

Robinhood Markets Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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