Xponance Inc. Increases Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

Xponance Inc. grew its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,369 shares of the company's stock after buying an additional 5,142 shares during the period. Xponance Inc.'s holdings in Robinhood Markets were worth $2,804,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HOOD. Whipplewood Advisors LLC increased its stake in shares of Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after buying an additional 508 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Robinhood Markets during the first quarter valued at approximately $30,000. CoreCap Advisors LLC boosted its position in shares of Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after purchasing an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares in the last quarter. Finally, Colonial Trust Co SC bought a new stake in shares of Robinhood Markets during the fourth quarter valued at approximately $34,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Stock Performance

HOOD stock opened at $99.96 on Tuesday. The business's 50-day moving average is $74.52 and its two-hundred day moving average is $55.96. The company has a market cap of $88.51 billion, a price-to-earnings ratio of 56.80, a P/E/G ratio of 5.25 and a beta of 2.36. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $101.89.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. During the same period last year, the business earned $0.18 EPS. The firm's quarterly revenue was up 50.0% compared to the same quarter last year. Equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Transactions at Robinhood Markets

In other news, insider Steven M. Quirk sold 104,887 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $70.14, for a total value of $7,356,774.18. Following the transaction, the insider owned 228,621 shares of the company's stock, valued at $16,035,476.94. This trade represents a 31.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Baiju Bhatt sold 418,338 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $64.46, for a total value of $26,966,067.48. Following the completion of the transaction, the director directly owned 7,863 shares in the company, valued at $506,848.98. This trade represents a 98.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,472,702 shares of company stock valued at $179,396,832 over the last quarter. 14.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HOOD shares. Morgan Stanley lifted their price target on Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Redburn Atlantic restated a "sell" rating and set a $48.00 price target (up from $40.00) on shares of Robinhood Markets in a research report on Monday, June 9th. Needham & Company LLC restated a "buy" rating and set a $71.00 price target on shares of Robinhood Markets in a research report on Tuesday, May 27th. Barclays lifted their price target on Robinhood Markets from $57.00 to $102.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Citigroup lifted their price target on Robinhood Markets from $50.00 to $100.00 and gave the company a "neutral" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $79.29.

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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