AGP Franklin LLC Has $2.14 Million Stock Holdings in Robinhood Markets, Inc. $HOOD

AGP Franklin LLC reduced its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 52.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,958 shares of the company’s stock after selling 16,664 shares during the quarter. AGP Franklin LLC’s holdings in Robinhood Markets were worth $2,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. North Star Investment Management Corp. lifted its position in shares of Robinhood Markets by 44.9% in the 3rd quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock worth $37,000 after purchasing an additional 79 shares during the period. First Command Advisory Services Inc. raised its stake in Robinhood Markets by 33.8% during the third quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock worth $46,000 after buying an additional 81 shares during the last quarter. CogentBlue Wealth Advisors LLC raised its stake in Robinhood Markets by 3.8% during the third quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $342,000 after buying an additional 87 shares during the last quarter. ORG Partners LLC lifted its holdings in Robinhood Markets by 5.5% in the third quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock valued at $269,000 after buying an additional 97 shares during the period. Finally, Valley National Advisers Inc. boosted its position in Robinhood Markets by 113.6% during the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HOOD shares. Piper Sandler reissued an “overweight” rating on shares of Robinhood Markets in a research note on Monday, January 5th. Argus assumed coverage on Robinhood Markets in a report on Friday, January 9th. They set a “buy” rating and a $145.00 price target on the stock. Barclays lowered their price objective on shares of Robinhood Markets from $171.00 to $159.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. CICC Research assumed coverage on shares of Robinhood Markets in a research report on Monday, October 27th. They set an “outperform” rating and a $155.00 target price on the stock. Finally, Cantor Fitzgerald reduced their price target on shares of Robinhood Markets from $155.00 to $152.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.62.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $105.24 on Wednesday. The company has a 50-day moving average price of $118.59 and a 200-day moving average price of $119.98. The stock has a market capitalization of $94.63 billion, a P/E ratio of 43.67, a P/E/G ratio of 1.67 and a beta of 2.44. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86.

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

Insider Buying and Selling

In other Robinhood Markets news, insider Steven M. Quirk sold 49,942 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total value 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. This trade represents a 47.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $121.63, for a total transaction of $45,611,250.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,872,561 shares of company stock valued at $357,470,545 in the last 90 days. Insiders own 19.95% 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.