Roundview Capital LLC Makes New $421,000 Investment in Robinhood Markets, Inc. $HOOD

Roundview Capital LLC acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,500 shares of the company's stock, valued at approximately $421,000.

Other large investors also recently added to or reduced their stakes in the company. Hemington Wealth Management raised its position in Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company's stock worth $26,000 after acquiring an additional 218 shares during the period. Wayfinding Financial LLC acquired a new position in Robinhood Markets during the first quarter worth $30,000. Pandora Wealth Inc. acquired a new position in Robinhood Markets during the first quarter worth $33,000. V Square Quantitative Management LLC acquired a new position in Robinhood Markets during the second quarter worth $36,000. Finally, Colonial Trust Advisors raised its position in Robinhood Markets by 125.0% during the first quarter. Colonial Trust Advisors now owns 900 shares of the company's stock worth $37,000 after acquiring an additional 500 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Trading Up 4.0%

Shares of HOOD opened at $150.87 on Thursday. Robinhood Markets, Inc. has a 12-month low of $23.00 and a 12-month high of $153.86. The firm has a 50-day moving average price of $116.93 and a 200 day moving average price of $84.46. The firm has a market capitalization of $134.07 billion, a P/E ratio of 76.58, a P/E/G ratio of 4.03 and a beta of 2.42.

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

Insider Activity at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 225,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $99.97, for a total transaction of $22,493,250.00. Following the completion of the transaction, the insider owned 591,887 shares of the company's stock, valued at $59,170,943.39. This trade represents a 27.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Meyer Malka sold 1,093,288 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $103.87, for a total transaction of $113,559,824.56. Following the transaction, the director directly owned 3,976,234 shares of the company's stock, valued at approximately $413,011,425.58. This trade represents a 21.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,681,462 shares of company stock worth $618,250,191. 14.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HOOD shares. Piper Sandler reiterated an "overweight" rating and issued a $140.00 target price (up from $120.00) on shares of Robinhood Markets in a research report on Tuesday, September 23rd. KeyCorp increased their target price on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Mizuho increased their target price on shares of Robinhood Markets from $120.00 to $145.00 and gave the company an "outperform" rating in a research report on Wednesday, September 10th. Cantor Fitzgerald increased their target price on shares of Robinhood Markets from $100.00 to $118.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, JMP Securities increased their target price on shares of Robinhood Markets from $125.00 to $130.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.59.

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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