Militia Capital Partners LP Decreases Stake in Robinhood Markets, Inc. $HOOD

Key Points

• Militia Capital Partners LP reduced its stake in Robinhood Markets by 35.2%, selling 8,992 shares and now holding 16,528 shares worth approximately $688,000.
• Several institutional investors have significantly increased their positions in Robinhood, with Cim LLC boosting its stake by 49.8% and Acadian Asset Management raising theirs by 293.6% in the first quarter.
• Robinhood's recent quarterly earnings showed $0.42 EPS, surpassing the estimate of $0.30, with revenues reaching $989 million, a 45% increase from the previous year.

Militia Capital Partners LP reduced its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 35.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,528 shares of the company's stock after selling 8,992 shares during the quarter. Militia Capital Partners LP's holdings in Robinhood Markets were worth $688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HOOD. Cim LLC boosted its position in Robinhood Markets by 49.8% in the first quarter. Cim LLC now owns 81,911 shares of the company's stock valued at $3,409,000 after buying an additional 27,230 shares during the last quarter. Silicon Valley Capital Partners boosted its position in Robinhood Markets by 50.0% in the 1st quarter. Silicon Valley Capital Partners now owns 1,500 shares of the company's stock worth $63,000 after purchasing an additional 500 shares in the last quarter. Strs Ohio purchased a new stake in Robinhood Markets in the 1st quarter worth approximately $11,216,000. Acadian Asset Management LLC boosted its position in Robinhood Markets by 293.6% in the 1st quarter. Acadian Asset Management LLC now owns 144,791 shares of the company's stock worth $6,018,000 after purchasing an additional 108,001 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Robinhood Markets by 43.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,860 shares of the company's stock worth $327,000 after purchasing an additional 2,398 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Robinhood Markets from $70.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Needham & Company LLC upped their price objective on Robinhood Markets from $71.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Barclays upped their price objective on Robinhood Markets from $102.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. KeyCorp increased their target price on Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Redburn Atlantic reiterated a "sell" rating and set a $48.00 target price (up previously from $40.00) on shares of Robinhood Markets in a research report on Monday, June 9th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $101.88.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $117.75 on Friday. The business has a fifty day moving average price of $105.58 and a 200 day moving average price of $72.98. Robinhood Markets, Inc. has a one year low of $20.67 and a one year high of $123.44. The company has a market cap of $104.64 billion, a P/E ratio of 59.77, a P/E/G ratio of 4.30 and a beta of 2.36.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $989.00 million during the quarter, compared to the consensus estimate of $893.93 million. During the same period in the prior year, the company earned $0.21 EPS. The firm's revenue was up 45.0% compared to the same quarter last year. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other news, insider Steven M. Quirk sold 92,257 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $84.96, for a total transaction of $7,838,154.72. Following the completion of the transaction, the insider directly owned 136,364 shares in the company, valued at approximately $11,585,485.44. This represents a 40.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Meyer Malka sold 1,093,288 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $103.87, for a total value of $113,559,824.56. Following the transaction, the director owned 3,976,234 shares of the company's stock, valued at approximately $413,011,425.58. This represents a 21.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,355,381 shares of company stock worth $539,335,586. Insiders own 14.47% of the company's stock.

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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