Robinhood Markets, Inc. $HOOD Shares Acquired by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP has increased its stake in Robinhood Markets by 0.7%, now holding approximately 3.3 million shares worth around $138.01 million.
• Robinhood Markets' stock traded up 0.9%, reaching $106.30, with a market capitalization of $94.47 billion and a significant revenue increase of 45% year-over-year to $989 million for the latest quarter.
• Insider transactions include CEO Vladimir Tenev selling 750,000 shares valued at about $69.95 million, with overall insider selling totaling almost $448.9 million in the last 90 days.

Dimensional Fund Advisors LP increased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,315,500 shares of the company's stock after buying an additional 21,574 shares during the quarter. Dimensional Fund Advisors LP owned about 0.37% of Robinhood Markets worth $138,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC raised its position in Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after purchasing an additional 508 shares during the period. 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 in the last quarter. Wayfinding Financial LLC acquired a new position in Robinhood Markets in the first quarter valued at $30,000. CoreCap Advisors LLC lifted its holdings in shares of Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after purchasing an additional 550 shares during the last quarter. Finally, Pandora Wealth Inc. purchased a new stake in shares of Robinhood Markets in the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Activity

In related news, Director Baiju Bhatt sold 418,338 shares of Robinhood Markets stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $109.39, for a total transaction of $45,761,993.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Vladimir Tenev sold 385,485 shares of Robinhood Markets stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $101.90, for a total transaction of $39,280,921.50. The disclosure for this sale can be found here. Insiders have sold a total of 4,644,685 shares of company stock worth $448,881,884 over the last three months. 14.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HOOD has been the subject of several recent research reports. JMP Securities increased their target price on shares of Robinhood Markets from $125.00 to $130.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 31st. Piper Sandler increased their target price on shares of Robinhood Markets from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. The Goldman Sachs Group raised their price objective on shares of Robinhood Markets from $91.00 to $104.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. KeyCorp raised their price objective on shares of Robinhood Markets from $60.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Citigroup lifted their target price on shares of Robinhood Markets from $100.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.31.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded up $3.02 during midday trading on Friday, hitting $109.32. 39,820,141 shares of the company's stock traded hands, compared to its average volume of 41,865,128. The company has a market cap of $97.15 billion, a PE ratio of 55.49, a P/E/G ratio of 3.90 and a beta of 2.36. The firm's fifty day moving average price is $98.88 and its two-hundred day moving average price is $68.10. Robinhood Markets, Inc. has a twelve month low of $18.71 and a twelve month high of $117.70.

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