6,000 Shares in Robinhood Markets, Inc. $HOOD Acquired by United Capital Management of KS Inc.

Key Points

• United Capital Management of KS Inc. has taken a new position in Robinhood Markets by acquiring 6,000 shares valued at approximately $250,000 during the 1st quarter.
• Robinhood reported quarterly earnings of $0.42 per share, exceeding analysts' expectations, with a revenue of $989 million—up 45% year-over-year.
• Several analysts have recently upgraded their price targets for Robinhood, with ratings indicating a consensus of "Moderate Buy" and an average target price of $100.31.

United Capital Management of KS Inc. acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,000 shares of the company's stock, valued at approximately $250,000.

A number of other institutional investors also recently bought and sold shares of the business. MetLife Investment Management LLC increased its stake in Robinhood Markets by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock valued at $440,000 after purchasing an additional 171 shares during the period. Hemington Wealth Management boosted 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 valued at $26,000 after acquiring an additional 218 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Robinhood Markets by 4.0% in the first quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company's stock valued at $290,000 after acquiring an additional 265 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Robinhood Markets by 23.4% in the first quarter. Allworth Financial LP now owns 1,401 shares of the company's stock valued at $58,000 after acquiring an additional 266 shares in the last quarter. Finally, HighPoint Advisor Group LLC boosted its holdings in shares of Robinhood Markets by 0.8% in the first quarter. HighPoint Advisor Group LLC now owns 36,510 shares of the company's stock valued at $1,520,000 after acquiring an additional 272 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Daniel Martin Gallagher, Jr. sold 225,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $99.97, for a total value 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. The trade was a 27.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction that occurred on 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. In the last three months, insiders sold 4,644,685 shares of company stock worth $430,085,957. Corporate insiders own 19.95% of the company's stock.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD traded up $0.85 on Monday, hitting $115.02. The company's stock had a trading volume of 35,384,724 shares, compared to its average volume of 41,671,664. Robinhood Markets, Inc. has a 12-month low of $18.71 and a 12-month high of $117.70. The company has a market capitalization of $102.21 billion, a price-to-earnings ratio of 58.39, a price-to-earnings-growth ratio of 4.35 and a beta of 2.36. The stock has a 50 day moving average of $95.36 and a 200-day moving average of $66.35.

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. The business 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%. The company's revenue was up 45.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 earnings per share. Sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HOOD shares. 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 report on Tuesday, July 1st. The Goldman Sachs Group lifted their target price on shares of Robinhood Markets from $91.00 to $104.00 and gave the company a "buy" rating in a report on Monday, July 7th. Needham & Company LLC boosted their price objective on shares of Robinhood Markets from $71.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. JMP Securities boosted their price objective 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. Finally, Barclays boosted their price objective on shares of Robinhood Markets from $102.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $100.31.

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.