Robinhood Markets, Inc. $HOOD Shares Bought by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC grew its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 40.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,197 shares of the company’s stock after purchasing an additional 17,761 shares during the period. Cary Street Partners Financial LLC’s holdings in Robinhood Markets were worth $5,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its position in Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after buying an additional 148 shares in the last quarter. Smithfield Trust Co purchased a new position in shares of Robinhood Markets in the 2nd quarter valued at $29,000. Pandora Wealth Inc. purchased a new position in shares of Robinhood Markets in the 1st quarter valued at $33,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Robinhood Markets during the 2nd quarter valued at $34,000. Finally, V Square Quantitative Management LLC purchased a new stake in Robinhood Markets during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

Shares of HOOD opened at $131.95 on Monday. The company has a market capitalization of $118.65 billion, a P/E ratio of 54.75, a P/E/G ratio of 2.97 and a beta of 2.43. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86. The stock has a 50-day moving average price of $133.29 and a 200 day moving average price of $110.06.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $0.17 EPS. Robinhood Markets’s revenue for the quarter was up 100.0% compared to the same quarter last year. As a group, equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 418,338 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $116.56, for a total transaction of $48,761,477.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the sale, the insider directly owned 54,496 shares of the company’s stock, valued at $7,147,150.40. The trade was a 47.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,099,236 shares of company stock worth $525,040,481 in the last ninety days. 14.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Bank of America raised their price objective on Robinhood Markets from $139.00 to $157.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a research note on Monday, December 1st. Barclays raised their target price on Robinhood Markets from $162.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Compass Point restated a “buy” rating on shares of Robinhood Markets in a report on Monday, October 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Robinhood Markets in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $136.95.

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.