56,084 Shares in Robinhood Markets, Inc. $HOOD Bought by BLB&B Advisors LLC

BLB&B Advisors LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the third quarter, Holdings Channel reports. The fund bought 56,084 shares of the company’s stock, valued at approximately $8,030,000.

A number of other institutional investors have also recently added to or reduced their stakes in HOOD. Vanguard Group Inc. raised its holdings in shares of Robinhood Markets by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 75,612,131 shares of the company’s stock worth $7,079,564,000 after purchasing an additional 1,371,051 shares during the period. State Street Corp increased its position in Robinhood Markets by 9.2% during the 2nd quarter. State Street Corp now owns 15,870,421 shares of the company’s stock worth $1,485,948,000 after purchasing an additional 1,341,204 shares in the last quarter. Geode Capital Management LLC raised its holdings in Robinhood Markets by 4.0% in the second quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company’s stock valued at $1,233,840,000 after buying an additional 507,926 shares during the period. WCM Investment Management LLC lifted its position in Robinhood Markets by 3,615.7% during the second quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock valued at $1,081,910,000 after buying an additional 11,244,182 shares in the last quarter. Finally, Norges Bank purchased a new stake in Robinhood Markets during the second quarter worth approximately $973,122,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Trading Up 0.7%

HOOD stock opened at $106.99 on Friday. The firm has a 50 day simple moving average of $118.95 and a 200-day simple moving average of $119.70. The company has a market capitalization of $96.20 billion, a P/E ratio of 44.39, a PEG ratio of 1.68 and a beta of 2.44. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The firm’s 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 EPS. On average, research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of research reports. The Goldman Sachs Group reissued a “buy” rating on shares of Robinhood Markets in a research note on Monday, January 5th. Barclays reduced their price objective on Robinhood Markets from $171.00 to $159.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. CICC Research assumed coverage on Robinhood Markets in a research note on Monday, October 27th. They issued an “outperform” rating and a $155.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Robinhood Markets in a report on Monday, December 22nd. Finally, Dbs Bank upgraded Robinhood Markets to a “moderate buy” rating in a report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.62.

Insiders Place Their Bets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $121.58, for a total transaction of $1,215,800.00. Following the sale, the insider owned 403,612 shares in the company, valued at $49,071,146.96. This represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Baiju Bhatt sold 418,338 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $116.56, for a total value of $48,761,477.28. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,878,425 shares of company stock worth $358,332,025. Company insiders own 14.47% of the company’s stock.

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.