TB Alternative Assets Ltd. Makes New $34.60 Million Investment in Robinhood Markets, Inc. $HOOD

TB Alternative Assets Ltd. acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 241,680 shares of the company’s stock, valued at approximately $34,604,000. Robinhood Markets accounts for approximately 5.2% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of HOOD. Hantz Financial Services Inc. raised its stake in 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 acquiring an additional 148 shares in the last quarter. Smithfield Trust Co acquired a new stake in shares of Robinhood Markets during the 2nd quarter worth about $29,000. Twin Peaks Wealth Advisors LLC bought a new position in Robinhood Markets during the 2nd quarter valued at about $34,000. V Square Quantitative Management LLC acquired a new position in Robinhood Markets in the second quarter valued at about $36,000. Finally, LGT Financial Advisors LLC bought a new stake in Robinhood Markets during the second quarter worth about $37,000. Institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HOOD. Mizuho lifted their target price on shares of Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Keefe, Bruyette & Woods boosted their price objective on Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. The Goldman Sachs Group raised their target price on Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Cantor Fitzgerald reduced 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 report on Thursday, December 11th. Finally, Barclays raised their price objective on shares of Robinhood Markets from $168.00 to $171.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.30.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 49,942 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were 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 owned 54,496 shares in the company, valued at approximately $7,147,150.40. The trade was a 47.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the stock in a transaction on 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 completion of 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 SEC filing for this sale provides additional information. Insiders sold a total of 3,686,763 shares of company stock worth $475,848,059 over the last quarter. 14.47% of the stock is currently owned by insiders.

Robinhood Markets Trading Down 1.9%

Shares of NASDAQ:HOOD opened at $118.13 on Friday. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86. The stock has a market capitalization of $106.22 billion, a P/E ratio of 49.02, a P/E/G ratio of 2.16 and a beta of 2.43. The business has a 50-day moving average price of $127.79 and a two-hundred day moving average price of $115.48.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly 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. 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%. Robinhood Markets’s revenue was up 100.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 EPS. As a group, equities analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.