2,805 Shares in Robinhood Markets, Inc. $HOOD Bought by Gries Financial LLC

Key Points

• Gries Financial LLC acquired 2,805 shares of Robinhood Markets, valued at approximately $263,000, during the second quarter.
• Analysts have raised their price targets for Robinhood, with the average price target now at $104.06 and a consensus rating of "Moderate Buy."
• Insider trading activity includes significant sales by CTO Jeffrey Tsvi Pinner and Daniel Martin Gallagher, Jr., with over 5.6 million shares sold by insiders in the past three months.

Gries Financial LLC purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,805 shares of the company's stock, valued at approximately $263,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new position in shares of Robinhood Markets during the 4th quarter valued at about $48,000. Employees Retirement System of Texas purchased a new position in shares of Robinhood Markets during the fourth quarter worth approximately $1,609,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Robinhood Markets in the 4th quarter worth approximately $4,886,000. Siemens Fonds Invest GmbH purchased a new stake in shares of Robinhood Markets in the 4th quarter valued at $217,000. Finally, Kilter Group LLC purchased a new stake in shares of Robinhood Markets in the 4th quarter valued at $240,000. Institutional investors own 93.27% of the company's stock.

Analyst Ratings Changes

HOOD has been the topic of a number of analyst reports. KeyCorp lifted their target price on shares of Robinhood Markets from $60.00 to $110.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Citigroup lifted their price objective on Robinhood Markets from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Tuesday. The Goldman Sachs Group increased their target price on Robinhood Markets from $91.00 to $104.00 and gave the company a "buy" rating in a report on Monday, July 7th. Barclays raised their price target on Robinhood Markets from $102.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Piper Sandler reiterated an "overweight" rating and issued a $140.00 price objective (up previously from $120.00) on shares of Robinhood Markets in a research report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $104.06.

Insider Activity

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $99.83, for a total transaction of $585,502.95. Following the completion of the sale, the chief technology officer directly owned 23,680 shares of the company's stock, valued at $2,363,974.40. This trade represents a 19.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $100.92, for a total transaction of $2,523,000.00. Following the sale, the insider owned 610,949 shares in the company, valued at approximately $61,656,973.08. The trade was a 3.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,675,598 shares of company stock valued at $580,999,019 in the last three months. 19.95% of the stock is currently owned by insiders.

Robinhood Markets Price Performance

HOOD opened at $126.20 on Wednesday. The company has a 50 day simple moving average of $109.43 and a two-hundred day simple moving average of $77.23. The firm has a market cap of $112.15 billion, a P/E ratio of 64.06, a PEG ratio of 4.63 and a beta of 2.36. Robinhood Markets, Inc. has a 1-year low of $22.05 and a 1-year high of $127.78.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The company had revenue of $989.00 million for the quarter, compared to analysts' expectations of $893.93 million. During the same quarter in the previous year, the company earned $0.21 EPS. Robinhood Markets's revenue for the quarter was up 45.0% on a year-over-year basis. Equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

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.

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