Five Oceans Advisors Takes $265,000 Position in Robinhood Markets, Inc. $HOOD

Key Points

• Five Oceans Advisors has established a new position in Robinhood Markets, acquiring 2,826 shares valued at approximately $265,000.
• Insider trading activity has seen significant sales, with Steven M. Quirk selling over 60,000 shares and Baiju Bhatt selling more than 418,000 shares recently.
• Analysts are optimistic about Robinhood's future, with several raising their price targets, leading to a consensus rating of "Moderate Buy" for the stock.

Five Oceans Advisors bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,826 shares of the company's stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Whipplewood Advisors LLC raised its position in Robinhood Markets by 564.4% during the 1st 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 last quarter. Hemington Wealth Management raised its position in Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company's stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Wayfinding Financial LLC bought a new position in Robinhood Markets during the 1st quarter valued at approximately $30,000. Pandora Wealth Inc. bought a new position in Robinhood Markets during the 1st quarter valued at approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Robinhood Markets by 139.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock valued at $36,000 after purchasing an additional 498 shares during the last quarter. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Down 3.3%

Robinhood Markets stock opened at $122.65 on Friday. The company has a market capitalization of $109.00 billion, a P/E ratio of 62.26, a PEG ratio of 4.52 and a beta of 2.36. The stock's 50 day moving average is $110.25 and its 200 day moving average is $78.17. Robinhood Markets, Inc. has a twelve month low of $22.05 and a twelve month high of $130.07.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.30 by $0.12. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The business had revenue of $989.00 million for the quarter, compared to the consensus estimate of $893.93 million. During the same period last year, the business posted $0.21 EPS. The company's revenue was up 45.0% compared to the same quarter last year. As a group, equities 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, insider Steven M. Quirk sold 60,113 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the sale, the insider directly owned 94,454 shares in the company, valued at approximately $9,531,353.14. This trade represents a 38.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 418,338 shares of the stock in a transaction on 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. In the last quarter, insiders sold 5,681,462 shares of company stock worth $581,726,917. Insiders own 14.47% of the company's stock.

Analysts Set New Price Targets

HOOD has been the subject of a number of recent analyst reports. JMP Securities upped their price target on Robinhood Markets from $125.00 to $130.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. The Goldman Sachs Group upped their price target on Robinhood Markets from $91.00 to $104.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Cantor Fitzgerald upped their price target on Robinhood Markets from $100.00 to $118.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Piper Sandler reiterated an "overweight" rating and set a $140.00 target price (up previously from $120.00) on shares of Robinhood Markets in a report on Tuesday. Finally, Needham & Company LLC upped their target price on Robinhood Markets from $71.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $104.06.

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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