Vanguard Personalized Indexing Management LLC Raises Holdings in Robinhood Markets, Inc. $HOOD

Key Points

• Vanguard Personalized Indexing Management LLC raised its stake in Robinhood Markets by 29.9%, owning 58,609 shares valued at approximately $5.5 million after purchasing an additional 13,477 shares during the second quarter.
• Insider activity indicates significant share sales, with CEO Vladimir Tenev selling 750,000 shares for over $104 million, and insiders selling a total of 5.5 million shares worth around $606 million in the last quarter.
• Total institutional ownership of Robinhood Markets stands at 93.27%, with several large investors recently increasing their positions, signaling strong institutional interest in the stock.

Vanguard Personalized Indexing Management LLC increased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 29.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,609 shares of the company's stock after purchasing an additional 13,477 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Robinhood Markets were worth $5,488,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in HOOD. Hemington Wealth Management increased 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 in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Robinhood Markets during the first quarter worth approximately $30,000. Pandora Wealth Inc. purchased a new stake in Robinhood Markets in the 1st quarter valued at $33,000. V Square Quantitative Management LLC purchased a new stake in Robinhood Markets in the 2nd quarter valued at $36,000. Finally, Colonial Trust Advisors grew its holdings in Robinhood Markets by 125.0% in the 1st quarter. Colonial Trust Advisors now owns 900 shares of the company's stock valued at $37,000 after buying an additional 500 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total transaction of $104,797,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 1,568,421 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $99.98, for a total value of $156,810,731.58. The disclosure for this sale can be found here. Insiders have sold 5,566,947 shares of company stock worth $606,609,792 in the last quarter. Insiders own 19.95% of the company's stock.

Robinhood Markets Trading Up 1.2%

NASDAQ HOOD opened at $140.68 on Tuesday. The stock has a market cap of $125.02 billion, a PE ratio of 71.41, 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. The stock has a fifty day simple moving average of $119.39 and a 200-day simple moving average of $87.08.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share 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%.The company's revenue was up 45.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. Research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Wall Street Analyst Weigh In

HOOD has been the subject of several analyst reports. Mizuho upped their target price on Robinhood Markets from $120.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, September 10th. Citigroup upped their target price on Robinhood Markets from $120.00 to $135.00 and gave the company a "neutral" rating in a report on Tuesday, September 23rd. Compass Point upped their target price on Robinhood Markets from $64.00 to $96.00 and gave the company a "buy" rating in a report on Friday, June 27th. KeyCorp upped their target price on Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Keefe, Bruyette & Woods upped their target price on Robinhood Markets from $89.00 to $106.00 and gave the company a "market perform" rating in a report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Robinhood Markets currently has a consensus rating of "Moderate Buy" and an average price target of $118.94.

About Robinhood Markets

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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