Stephens Inc. AR Takes Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Stephens Inc. AR acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,836 shares of the company's stock, valued at approximately $243,000.

Other hedge funds also recently modified their holdings of the company. FMR LLC increased its stake in Robinhood Markets by 184.8% in the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after buying an additional 26,107,934 shares during the period. Norges Bank acquired a new position in Robinhood Markets during the fourth quarter worth $329,598,000. GQG Partners LLC bought a new stake in Robinhood Markets during the fourth quarter valued at about $302,325,000. Artisan Partners Limited Partnership bought a new stake in Robinhood Markets during the fourth quarter valued at about $152,949,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Robinhood Markets by 335.6% during 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 acquiring an additional 3,994,745 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Transactions at Robinhood Markets

In related news, insider Steven M. Quirk sold 104,887 shares of Robinhood Markets stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $70.14, for a total transaction of $7,356,774.18. Following the completion of the transaction, the insider owned 228,621 shares in the company, valued at approximately $16,035,476.94. This trade represents a 31.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $93.27, for a total value of $69,952,500.00. The disclosure for this sale can be found here. Insiders have sold 2,749,630 shares of company stock worth $221,118,663 in the last ninety days. Insiders own 19.95% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HOOD shares. Barclays increased their target price on shares of Robinhood Markets from $57.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. KeyCorp lifted their target price on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Mizuho raised their price target on shares of Robinhood Markets from $80.00 to $99.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. Keefe, Bruyette & Woods restated a "market perform" rating and set a $60.00 target price on shares of Robinhood Markets in a research report on Thursday, March 27th. Finally, Morgan Stanley increased their price target on Robinhood Markets from $43.00 to $110.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and a consensus price target of $85.29.

Robinhood Markets Trading Up 4.1%

HOOD opened at $109.74 on Monday. The stock has a market capitalization of $97.17 billion, a P/E ratio of 62.35, a P/E/G ratio of 5.60 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 firm's fifty day simple moving average is $78.73 and its 200 day simple moving average is $57.81.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The business had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. During the same period last year, the firm earned $0.18 earnings per share. The company'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.

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.

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