Empowered Funds LLC Sells 1,132 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Empowered Funds LLC reduced its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 11.2% in the 3rd quarter, Holdings Channel reports. The firm owned 8,955 shares of the company’s stock after selling 1,132 shares during the period. Empowered Funds LLC’s holdings in Robinhood Markets were worth $210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC bought a new stake in shares of Robinhood Markets during the 1st quarter worth $206,000. Price T Rowe Associates Inc. MD raised its stake in Robinhood Markets by 169.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,991,586 shares of the company’s stock worth $40,092,000 after acquiring an additional 1,251,495 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of Robinhood Markets in the first quarter worth about $988,000. Cetera Advisors LLC acquired a new stake in shares of Robinhood Markets in the 1st quarter valued at approximately $606,000. Finally, EULAV Asset Management grew its holdings in shares of Robinhood Markets by 4.5% during the 1st quarter. EULAV Asset Management now owns 700,000 shares of the company’s stock valued at $14,091,000 after purchasing an additional 30,000 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HOOD has been the subject of several research reports. Piper Sandler increased their price objective on shares of Robinhood Markets from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. upped their price target on shares of Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Needham & Company LLC raised Robinhood Markets from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Monday, November 18th. JMP Securities boosted their price objective on Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday, November 12th. Finally, Sanford C. Bernstein increased their target price on Robinhood Markets from $30.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average target price of $30.59.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $36.42 on Wednesday. Robinhood Markets, Inc. has a fifty-two week low of $8.21 and a fifty-two week high of $39.74. The company has a 50 day simple moving average of $27.27 and a two-hundred day simple moving average of $23.14. The company has a market capitalization of $32.19 billion, a PE ratio of 61.73, a P/E/G ratio of 0.85 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The firm had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. During the same quarter last year, the company earned ($0.09) earnings per share. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. Research analysts predict that Robinhood Markets, Inc. will post 0.74 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In related news, Director Baiju Bhatt sold 139,916 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $19.55, for a total transaction of $2,735,357.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Meyer Malka sold 105,875 shares of Robinhood Markets stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $30.00, for a total transaction of $3,176,250.00. Following the completion of the sale, the director now directly owns 28,930,243 shares of the company’s stock, valued at approximately $867,907,290. This trade represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,685,549 shares of company stock valued at $114,953,194. 19.95% of the stock is currently owned by insiders.

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.