Evergreen Capital Management LLC Buys 48,389 Shares of Robinhood Markets, Inc. $HOOD

Evergreen Capital Management LLC lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 117.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,680 shares of the company’s stock after buying an additional 48,389 shares during the period. Evergreen Capital Management LLC’s holdings in Robinhood Markets were worth $8,397,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HOOD. HighTower Advisors LLC raised its stake in Robinhood Markets by 6.4% during the 1st quarter. HighTower Advisors LLC now owns 50,264 shares of the company’s stock worth $2,092,000 after acquiring an additional 3,032 shares during the period. Wellington Management Group LLP increased its holdings in shares of Robinhood Markets by 3.1% in the 1st quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock worth $677,000 after buying an additional 486 shares during the last quarter. Metavasi Capital LP raised its position in Robinhood Markets by 275.0% during the first quarter. Metavasi Capital LP now owns 75,000 shares of the company’s stock valued at $3,122,000 after purchasing an additional 55,000 shares during the period. Venture Visionary Partners LLC boosted its stake in Robinhood Markets by 63.0% during the second quarter. Venture Visionary Partners LLC now owns 125,420 shares of the company’s stock worth $11,743,000 after buying an additional 48,494 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in Robinhood Markets by 114.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 369,900 shares of the company’s stock valued at $15,395,000 after purchasing an additional 197,673 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Insider Activity

In other news, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were 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 in the company, valued at approximately $56,817,485.56. This trade represents a 21.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $775,704.90. Following the completion of the sale, the chief technology officer directly owned 26,725 shares in the company, valued at $3,534,648.50. This represents a 18.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 3,686,763 shares of company stock worth $475,858,262. Corporate insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Down 3.1%

Shares of HOOD stock opened at $119.50 on Friday. Robinhood Markets, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $153.86. The business has a fifty day simple moving average of $132.04 and a 200-day simple moving average of $112.04. The stock has a market cap of $107.45 billion, a P/E ratio of 49.59, a P/E/G ratio of 2.40 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.41 by $0.20. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The business’s quarterly revenue was up 100.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analysts Set New Price Targets

HOOD has been the subject of several research reports. Mizuho upped their target price on Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Cantor Fitzgerald cut their price target on shares of Robinhood Markets from $155.00 to $152.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley lifted their target price on shares of Robinhood Markets from $110.00 to $146.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Bank of America cut their price target on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday. Finally, CICC Research started coverage on Robinhood Markets in a report on Monday, October 27th. They issued an “outperform” rating and a $155.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $136.32.

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.