Catalyst Capital Advisors LLC Has $4.59 Million Position in Robinhood Markets, Inc. $HOOD

Key Points

• Catalyst Capital Advisors LLC increased its position in Robinhood Markets by 259%, holding 49,000 shares valued at approximately $4.59 million as of the latest SEC filing.
• Robinhood reported $0.42 earnings per share (EPS) for the last quarter, surpassing analysts' expectations of $0.30, along with a revenue increase of 45% year-over-year.
• Insider sell-offs included CEO Vladimir Tenev selling 750,000 shares for over $104 million, reflecting significant insider trading activity in the company.

Catalyst Capital Advisors LLC raised its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 259.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,000 shares of the company's stock after purchasing an additional 35,350 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Robinhood Markets were worth $4,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hemington Wealth Management increased its stake in Robinhood Markets by 52.2% in the 1st quarter. Hemington Wealth Management now owns 636 shares of the company's stock valued at $26,000 after buying an additional 218 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Robinhood Markets in the first quarter valued at about $30,000. Pandora Wealth Inc. acquired a new position in shares of Robinhood Markets during the 1st quarter worth approximately $33,000. V Square Quantitative Management LLC acquired a new position in shares of Robinhood Markets during the 2nd quarter worth approximately $36,000. Finally, Colonial Trust Advisors increased its position in shares of Robinhood Markets by 125.0% during the 1st quarter. Colonial Trust Advisors now owns 900 shares of the company's stock worth $37,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Stock Up 5.6%

Shares of NASDAQ:HOOD opened at $134.33 on Friday. The firm has a market cap of $119.38 billion, a PE ratio of 68.19, a PEG ratio of 3.30 and a beta of 2.42. Robinhood Markets, Inc. has a 12-month low of $23.00 and a 12-month high of $153.86. The company's 50 day moving average price is $122.90 and its two-hundred day moving average price is $91.56.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.12. The business had revenue of $989.00 million for the quarter, compared to the consensus estimate of $893.93 million. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The firm's quarterly revenue was up 45.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. On average, research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total value of $104,797,500.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the firm's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $147.53, for a total value of $865,115.92. Following the sale, the chief technology officer directly owned 11,952 shares in the company, valued at approximately $1,763,278.56. This trade represents a 32.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,175,598 shares of company stock worth $579,779,430 in the last three months. Company insiders own 14.47% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on HOOD. Bank of America boosted their target price on shares of Robinhood Markets from $139.00 to $157.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Needham & Company LLC boosted their price objective on shares of Robinhood Markets from $120.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, September 30th. Citizens Jmp boosted their price target on Robinhood Markets from $130.00 to $170.00 and gave the stock a "mkt outperform" rating in a research report on Thursday, October 9th. JMP Securities boosted their price target on Robinhood Markets from $130.00 to $170.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 9th. Finally, The Goldman Sachs Group boosted their target price on Robinhood Markets from $134.00 to $152.00 and gave the stock a "buy" rating in a report on Tuesday, September 30th. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.94.

About Robinhood Markets

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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