Flow Traders U.S. LLC Makes New Investment in Robinhood Markets, Inc. $HOOD

Flow Traders U.S. LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,215 shares of the company’s stock, valued at approximately $769,000.

A number of other institutional investors have also modified their holdings of the stock. Hantz Financial Services Inc. lifted its holdings in shares of Robinhood Markets by 120.3% during the second 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 period. Smithfield Trust Co purchased a new position in Robinhood Markets during the 2nd quarter worth $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the 2nd quarter worth $34,000. V Square Quantitative Management LLC purchased a new stake in shares of Robinhood Markets in the second quarter valued at about $36,000. Finally, Colonial Trust Advisors boosted its holdings in shares of Robinhood Markets by 125.0% in the first quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock valued at $37,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the subject of a number of recent analyst reports. Citigroup raised their price objective on shares of Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. CICC Research assumed coverage on Robinhood Markets in a report on Monday, October 27th. They issued an “outperform” rating and a $155.00 price target for the company. Morgan Stanley lifted their price target on Robinhood Markets from $110.00 to $146.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Dbs Bank upgraded Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Finally, JMP Securities raised their target price on Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $136.95.

Robinhood Markets Trading Down 0.5%

Shares of NASDAQ HOOD opened at $135.71 on Wednesday. The company’s 50-day moving average price is $133.14 and its 200 day moving average price is $111.08. Robinhood Markets, Inc. has a 52 week low of $29.66 and a 52 week high of $153.86. The stock has a market cap of $122.03 billion, a price-to-earnings ratio of 56.31, a PEG ratio of 3.07 and a beta of 2.43.

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

Insider Buying and Selling

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $132.26, for a total transaction of $775,704.90. Following the sale, the chief technology officer owned 26,725 shares in the company, valued at approximately $3,534,648.50. This represents a 18.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total value of $15,855,600.00. Following the transaction, the insider directly owned 430,012 shares of the company’s stock, valued at $56,817,485.56. The trade was a 21.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,686,763 shares of company stock worth $475,858,262 in the last quarter. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets Company 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.