Robinhood Markets, Inc. $HOOD Stake Boosted by Kera Capital Partners Inc.

Key Points

• Kera Capital Partners Inc. increased its holdings in Robinhood Markets by 5.7% in Q2, owning approximately 108,463 shares valued at over $10 million.
• Robinhood's latest quarterly earnings showed an EPS of $0.42, exceeding expectations significantly, with revenues of $989 million, a 45% increase year-over-year.
• Insider trading activity has seen directors selling over 5.7 million shares recently, contributing to a 21.57% decrease in Director Meyer Malka's ownership.

Kera Capital Partners Inc. raised its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 5.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,463 shares of the company's stock after purchasing an additional 5,823 shares during the quarter. Robinhood Markets accounts for about 2.0% of Kera Capital Partners Inc.'s investment portfolio, making the stock its 7th largest position. Kera Capital Partners Inc.'s holdings in Robinhood Markets were worth $10,155,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HOOD. Whipplewood Advisors LLC lifted its holdings in shares of Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after buying an additional 508 shares in the last quarter. Hemington Wealth Management lifted its holdings in shares of Robinhood Markets by 52.2% in the first quarter. Hemington Wealth Management now owns 636 shares of the company's stock worth $26,000 after buying an additional 218 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of Robinhood Markets in the first quarter worth $30,000. Pandora Wealth Inc. purchased a new position in shares of Robinhood Markets in the first quarter worth $33,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after buying an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Down 2.3%

Robinhood Markets stock opened at $115.03 on Friday. The company has a market cap of $102.22 billion, a price-to-earnings ratio of 58.39, a PEG ratio of 4.32 and a beta of 2.36. The firm's fifty day moving average is $105.99 and its 200 day moving average is $73.46. Robinhood Markets, Inc. has a 52-week low of $21.50 and a 52-week high of $123.44.

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

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Meyer Malka sold 1,093,288 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $103.87, for a total transaction of $113,559,824.56. Following the transaction, the director owned 3,976,234 shares in the company, valued at $413,011,425.58. The trade was a 21.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Baiju Bhatt sold 1,568,421 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $99.98, for a total transaction of $156,810,731.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,773,719 shares of company stock valued at $589,293,510. Insiders own 14.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HOOD shares. JMP Securities boosted their target price on shares of Robinhood Markets from $125.00 to $130.00 and gave the stock a "market outperform" rating in a report on Thursday, July 31st. KeyCorp boosted their target price on shares of Robinhood Markets from $60.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Redburn Atlantic reaffirmed a "sell" rating and set a $48.00 price target (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Robinhood Markets from $70.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Finally, Compass Point upped their price target on shares of Robinhood Markets from $64.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, June 27th. 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $101.88.

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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