Skandinaviska Enskilda Banken AB publ Has $4.16 Million Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 108,614 shares of the company’s stock after buying an additional 4,200 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Robinhood Markets were worth $4,158,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new stake in Robinhood Markets during the 4th quarter worth about $26,000. Silicon Valley Capital Partners acquired a new stake in Robinhood Markets during the 4th quarter worth about $37,000. Bogart Wealth LLC acquired a new position in shares of Robinhood Markets in the 4th quarter valued at about $37,000. Spire Wealth Management increased its holdings in shares of Robinhood Markets by 104.6% in the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock valued at $40,000 after purchasing an additional 549 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of Robinhood Markets by 130.7% in the 4th quarter. Allworth Financial LP now owns 1,135 shares of the company’s stock valued at $42,000 after purchasing an additional 643 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $39.24 on Monday. The stock has a market cap of $34.75 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The stock has a fifty day moving average price of $48.88 and a 200 day moving average price of $36.61.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $37.92, for a total value of $222,817.92. Following the completion of the sale, the chief technology officer now directly owns 11,752 shares in the company, valued at approximately $445,635.84. This trade represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $37.51, for a total value of $11,253,000.00. Following the completion of the transaction, the insider now owns 806,955 shares in the company, valued at approximately $30,268,882.05. This represents a 27.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,985,127 shares of company stock worth $142,455,378 over the last three months. 19.95% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald assumed coverage on Robinhood Markets in a report on Thursday, March 6th. They issued an “overweight” rating and a $69.00 target price on the stock. Piper Sandler upped their target price on Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Citigroup upped their target price on Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods increased their price objective on Robinhood Markets from $38.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus target price of $61.31.

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.