Headlands Technologies LLC Sells 34,550 Shares of Robinhood Markets, Inc. $HOOD

Headlands Technologies LLC decreased its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 21.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 128,800 shares of the company’s stock after selling 34,550 shares during the period. Robinhood Markets comprises about 1.4% of Headlands Technologies LLC’s investment portfolio, making the stock its 6th biggest holding. Headlands Technologies LLC’s holdings in Robinhood Markets were worth $12,060,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its position in shares of Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after buying an additional 148 shares during the period. Smithfield Trust Co purchased a new stake in Robinhood Markets in the 2nd quarter worth about $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Robinhood Markets during the 2nd quarter worth about $34,000. V Square Quantitative Management LLC purchased a new position in Robinhood Markets during the 2nd quarter valued at about $36,000. Finally, Colonial Trust Advisors increased its holdings in shares of Robinhood Markets by 125.0% in the 1st quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total value of $104,797,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the company’s stock in a transaction that occurred 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 sale, 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,686,763 shares of company stock worth $475,858,262. Insiders own 14.47% of the company’s stock.

Robinhood Markets Trading Down 3.1%

HOOD stock opened at $119.50 on Friday. The firm has a market cap of $107.45 billion, a PE ratio of 49.59, a PEG ratio of 2.40 and a beta of 2.43. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86. The company has a fifty day simple moving average of $132.04 and a 200 day simple moving average of $112.04.

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

Analyst Upgrades and Downgrades

HOOD has been the subject of several research reports. Morgan Stanley raised their price target on shares of Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Barclays lifted their target price on shares of Robinhood Markets from $168.00 to $171.00 and gave the company an “overweight” rating in a research note on Friday. Cantor Fitzgerald dropped their price target on shares of Robinhood Markets from $155.00 to $152.00 and set an “overweight” rating on the stock in a research note on Thursday. JMP Securities lifted their price objective on Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a research report on Thursday, October 9th. Finally, Keefe, Bruyette & Woods boosted their target price on Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.32.

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.