Headlands Technologies LLC Has $6.80 Million Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

Key Points

• Headlands Technologies LLC significantly increased its stake in Robinhood Markets by 380%, owning 163,350 shares valued at approximately $6.8 million.
• Institutional investors currently hold 93.27% of Robinhood's stock, reflecting strong institutional interest in the company.
• Analysts have a consensus rating of "Moderate Buy" for Robinhood, with target prices ranging from $47.00 to $120.00 among various major firms.

Headlands Technologies LLC boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 380.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,350 shares of the company's stock after acquiring an additional 129,316 shares during the period. Robinhood Markets makes up approximately 0.8% of Headlands Technologies LLC's investment portfolio, making the stock its 26th largest holding. Headlands Technologies LLC's holdings in Robinhood Markets were worth $6,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Robinhood Markets by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company's stock valued at $3,089,914,000 after purchasing an additional 5,874,701 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Robinhood Markets by 335.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company's stock valued at $193,202,000 after buying an additional 3,994,745 shares in the last quarter. Wealthquest Corp acquired a new position in shares of Robinhood Markets in the first quarter valued at approximately $156,193,000. AQR Capital Management LLC increased its position in shares of Robinhood Markets by 231.9% during the fourth quarter. AQR Capital Management LLC now owns 5,257,840 shares of the company's stock worth $195,907,000 after acquiring an additional 3,673,861 shares in the last quarter. Finally, Southpoint Capital Advisors LP bought a new stake in shares of Robinhood Markets during the fourth quarter worth $130,410,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Robinhood Markets news, Director Baiju Bhatt sold 1,568,421 shares of Robinhood Markets 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $93.27, for a total transaction of $69,952,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,870,760 shares of company stock valued at $443,132,553. 14.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HOOD. Morgan Stanley boosted their price objective on shares of Robinhood Markets from $43.00 to $110.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. boosted their price target on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Piper Sandler increased their price objective on Robinhood Markets from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Barclays lifted their target price on Robinhood Markets from $102.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Robinhood Markets from $70.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $96.29.

Robinhood Markets Trading Up 5.3%

Shares of HOOD traded up $5.58 during midday trading on Thursday, reaching $111.23. The stock had a trading volume of 44,572,928 shares, compared to its average volume of 45,380,568. The firm has a market cap of $98.49 billion, a PE ratio of 56.46, a P/E/G ratio of 4.03 and a beta of 2.36. The firm has a 50 day simple moving average of $90.33 and a 200-day simple moving average of $63.55. Robinhood Markets, Inc. has a one year low of $16.68 and a one year high of $113.44.

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

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.