3,558 Shares in Robinhood Markets, Inc. $HOOD Bought by Mutual Advisors LLC

Key Points

• Mutual Advisors LLC purchased 3,558 shares of Robinhood Markets, Inc. for approximately $333,000, further increasing the company's institutional investor ownership to 93.27%.
• Robinhood reported a quarterly earnings per share of $0.42, exceeding analyst expectations and reflecting a 45% year-over-year revenue growth with total revenue of $989 million.
• Analysts have revised their price targets for Robinhood, with estimates ranging from $106 to $170, and a consensus rating of "Moderate Buy" based on twelve Buy ratings and one Sell rating.

Mutual Advisors LLC bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,558 shares of the company's stock, valued at approximately $333,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Robinhood Markets in the second quarter worth $36,000. REAP Financial Group LLC lifted its position in Robinhood Markets by 44.1% in the second quarter. REAP Financial Group LLC now owns 523 shares of the company's stock worth $49,000 after purchasing an additional 160 shares during the period. Ameritas Advisory Services LLC bought a new position in Robinhood Markets in the second quarter worth $56,000. Hemington Wealth Management lifted its holdings in shares of Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company's stock valued at $26,000 after acquiring an additional 218 shares during the period. Finally, Wayfinding Financial LLC bought a new position in shares of Robinhood Markets during the first quarter valued at $30,000. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $135.80 on Tuesday. Robinhood Markets, Inc. has a twelve month low of $23.00 and a twelve month high of $153.86. The firm has a market cap of $120.68 billion, a PE ratio of 68.93, a price-to-earnings-growth ratio of 3.43 and a beta of 2.42. The business has a fifty day moving average of $121.70 and a 200-day moving average of $90.34.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced 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 return on equity of 17.48% and a net margin of 50.13%.The company had revenue of $989.00 million during the quarter, compared to analyst estimates of $893.93 million. During the same period last year, the company posted $0.21 earnings per share. The firm's quarterly revenue was up 45.0% compared to the same quarter last year. On average, analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

HOOD has been the subject of a number of analyst reports. KeyCorp lifted their price objective on Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Keefe, Bruyette & Woods lifted their price objective on Robinhood Markets from $89.00 to $106.00 and gave the company a "market perform" rating in a report on Thursday, July 31st. Barclays lifted their price objective on Robinhood Markets from $102.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Citizens Jmp lifted their price objective on Robinhood Markets from $130.00 to $170.00 and gave the company a "mkt outperform" rating in a report on Thursday, October 9th. Finally, Citigroup lifted their price objective on Robinhood Markets from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Tuesday, September 23rd. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $118.94.

Insider Transactions at Robinhood Markets

In related news, insider Steven M. Quirk sold 60,113 shares of Robinhood Markets stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $100.91, for a total value of $6,066,002.83. Following the completion of the sale, the insider directly owned 94,454 shares in the company, valued at $9,531,353.14. This trade represents a 38.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total value of $104,797,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,181,462 shares of company stock valued at $567,328,871. 19.95% of the stock is currently owned by insiders.

Robinhood Markets 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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