RD Finance Ltd Takes Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Key Points

• RD Finance Ltd has made a new investment of $1.04 million in Robinhood Markets, acquiring 25,000 shares, which constitutes about 0.8% of their holdings.
• Significant institutional interest in Robinhood is evident, as 93.27% of the stock is owned by institutional investors and hedge funds, with several large investors increasing their stakes in recent quarters.
• Robinhood reported a $0.37 EPS for the last quarter, missing estimates, but experienced a 50% year-over-year revenue growth totaling $927 million.

RD Finance Ltd acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the company's stock, valued at approximately $1,041,000. Robinhood Markets accounts for 0.8% of RD Finance Ltd's portfolio, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of HOOD. Whipplewood Advisors LLC raised its stake in Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after acquiring an additional 508 shares during the period. Wayfinding Financial LLC acquired a new stake in Robinhood Markets during the first quarter worth about $30,000. CoreCap Advisors LLC raised its stake in Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after acquiring an additional 550 shares during the period. Colonial Trust Co SC acquired a new stake in Robinhood Markets during the fourth quarter worth about $34,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Robinhood Markets by 139.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock worth $36,000 after acquiring an additional 498 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Compass Point upped their target price on shares of Robinhood Markets from $64.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. The Goldman Sachs Group upped their target price on shares of Robinhood Markets from $91.00 to $104.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Mizuho upped their target price on shares of Robinhood Markets from $80.00 to $99.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Citigroup upped their target price on shares of Robinhood Markets from $50.00 to $100.00 and gave the stock a "neutral" rating in a research report on Monday, July 7th. Finally, Barclays upped their target price on shares of Robinhood Markets from $57.00 to $102.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and a consensus target price of $85.29.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded down $3.45 during mid-day trading on Tuesday, hitting $103.32. The stock had a trading volume of 30,420,503 shares, compared to its average volume of 51,580,348. The company has a market cap of $91.49 billion, a PE ratio of 58.70, a P/E/G ratio of 5.44 and a beta of 2.36. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $113.44. The company's 50 day moving average is $84.57 and its 200-day moving average is $60.74.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The company had revenue of $927.00 million during the quarter, compared to analysts' expectations of $917.12 million. During the same quarter in the previous year, the company earned $0.18 EPS. The firm's quarterly revenue was up 50.0% compared to the same quarter last year. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Baiju Bhatt sold 418,338 shares of the firm's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $101.88, for a total transaction of $42,620,275.44. Following the transaction, the director owned 10,518 shares in the company, valued at approximately $1,071,573.84. This trade represents a 97.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $104.73, for a total transaction of $614,136.72. Following the transaction, the chief technology officer owned 3,044 shares in the company, valued at $318,798.12. This represents a 65.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,026,690 shares of company stock worth $257,160,102. Insiders own 19.95% of the company's stock.

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.