Cyndeo Wealth Partners LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 4,343 shares of the company's stock, valued at approximately $407,000.
Other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Robinhood Markets in the 2nd quarter valued at $36,000. REAP Financial Group LLC boosted its position in shares of Robinhood Markets by 44.1% in the 2nd 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 last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Robinhood Markets during the second quarter worth $56,000. Hemington Wealth Management grew its stake in shares of Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company's stock worth $26,000 after purchasing an additional 218 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in shares of Robinhood Markets during the first quarter worth $30,000. 93.27% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
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 stock an "overweight" rating in a research note on Tuesday, July 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Robinhood Markets in a research note on Wednesday. Morgan Stanley lifted their price objective on Robinhood Markets from $110.00 to $146.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 1st. Citizens Jmp lifted their price objective on Robinhood Markets from $130.00 to $170.00 and gave the stock a "mkt outperform" rating in a research note on Thursday. Finally, Bank of America lifted their price objective on Robinhood Markets from $139.00 to $157.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Robinhood Markets has an average rating of "Moderate Buy" and a consensus price target of $118.94.
Read Our Latest Stock Analysis on Robinhood Markets
Insider Buying and Selling
In other news, CEO Vladimir Tenev sold 750,000 shares of the business's 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Baiju Bhatt sold 418,338 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $119.42, for a total value of $49,957,923.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,681,122 shares of company stock valued at $618,215,681. Corporate insiders own 14.47% of the company's stock.
Robinhood Markets Trading Down 8.9%
Shares of Robinhood Markets stock opened at $138.96 on Friday. The company has a market capitalization of $123.49 billion, a PE ratio of 70.54, a PEG ratio of 3.86 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 stock's fifty day simple moving average is $118.70 and its 200 day simple moving average is $86.09.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, topping the consensus estimate 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 revenue was up 45.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. Analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.
About Robinhood Markets
(
Free Report)
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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