US Bancorp DE Has $6.76 Million Stake in Robinhood Markets, Inc. $HOOD

US Bancorp DE raised its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 139.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,195 shares of the company's stock after buying an additional 42,053 shares during the quarter. US Bancorp DE's holdings in Robinhood Markets were worth $6,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of HOOD. Hemington Wealth Management raised its position in shares of 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 purchasing an additional 218 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Robinhood Markets during the first quarter worth about $30,000. Pandora Wealth Inc. acquired a new stake in shares of Robinhood Markets during the first quarter worth about $33,000. V Square Quantitative Management LLC acquired a new stake in shares of Robinhood Markets during the second quarter worth about $36,000. Finally, Colonial Trust Advisors raised its position in shares of 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 purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Stock Down 8.9%

HOOD stock opened at $138.96 on Monday. The business has a 50 day moving average price of $118.70 and a two-hundred day moving average price of $86.38. The company has a market cap of $123.49 billion, a price-to-earnings ratio of 70.54, a P/E/G ratio of 3.77 and a beta of 2.42. Robinhood Markets, Inc. has a twelve month low of $23.00 and a twelve month high of $153.86.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $989.00 million during the quarter, compared to the consensus estimate of $893.93 million. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The business's revenue was up 45.0% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. On average, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total value of $104,797,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Meyer Malka sold 1,093,288 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $103.87, for a total value of $113,559,824.56. Following the completion of the transaction, the director owned 3,976,234 shares of the company's stock, valued at approximately $413,011,425.58. This represents a 21.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,566,947 shares of company stock valued at $606,609,792. 19.95% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JMP Securities raised their price target on Robinhood Markets from $130.00 to $170.00 and gave the stock a "market outperform" rating in a research report on Thursday. Citigroup raised their price target on Robinhood Markets from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 23rd. Keefe, Bruyette & Woods raised their price target on Robinhood Markets from $89.00 to $106.00 and gave the stock a "market perform" rating in a research report on Thursday, July 31st. KeyCorp lifted their target price on Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Bank of America lifted their target price on Robinhood Markets from $139.00 to $157.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average price target of $118.94.

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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