Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 120.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,311 shares of the company’s stock after buying an additional 76,676 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Robinhood Markets were worth $1,788,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HOOD. Peoples Bank KS acquired a new position in Robinhood Markets in the third quarter valued at about $29,000. UniSuper Management Pty Ltd acquired a new stake in shares of Robinhood Markets during the third quarter worth about $30,000. Whittier Trust Co. lifted its position in shares of Robinhood Markets by 100.0% during the fourth quarter. Whittier Trust Co. now owns 4,634 shares of the company’s stock worth $59,000 after purchasing an additional 2,317 shares in the last quarter. CWM LLC lifted its position in shares of Robinhood Markets by 61.1% during the third quarter. CWM LLC now owns 8,488 shares of the company’s stock worth $83,000 after purchasing an additional 3,219 shares in the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in shares of Robinhood Markets during the fourth quarter worth about $89,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HOOD. Citigroup cut shares of Robinhood Markets from a “neutral” rating to a “sell” rating and increased their price target for the stock from $13.00 to $16.00 in a research report on Thursday, April 11th. 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 began coverage on shares of Robinhood Markets in a research report on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 price target on the stock. Morgan Stanley increased their price target on shares of Robinhood Markets from $11.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Sanford C. Bernstein assumed coverage on shares of Robinhood Markets in a report on Thursday, March 14th. They issued an “outperform” rating and a $30.00 target price on the stock. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.88.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $17.31 on Thursday. The stock has a fifty day moving average price of $17.23 and a 200 day moving average price of $12.84. Robinhood Markets, Inc. has a 1-year low of $7.91 and a 1-year high of $20.55. The company has a market cap of $15.14 billion, a PE ratio of -28.85 and a beta of 1.69.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The firm had revenue of $471.00 million during the quarter, compared to the consensus estimate of $454.73 million. During the same period last year, the company earned ($0.19) earnings per share. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. Analysts anticipate that Robinhood Markets, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 16,667 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $17.16, for a total value of $286,005.72. Following the completion of the sale, the director now owns 36,045 shares of the company’s stock, valued at $618,532.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Robinhood Markets news, Director Baiju Bhatt sold 16,667 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $17.16, for a total value of $286,005.72. Following the completion of the sale, the director now owns 36,045 shares of the company’s stock, valued at $618,532.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jason Warnick sold 5,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $19.59, for a total value of $97,950.00. Following the completion of the sale, the chief financial officer now directly owns 1,002,407 shares of the company’s stock, valued at approximately $19,637,153.13. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,228,817 shares of company stock valued at $33,781,825. 20.81% of the stock is owned by company insiders.

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.