Joel Isaacson & Co. LLC Invests $298,000 in Robinhood Markets, Inc. (NASDAQ:HOOD)

Joel Isaacson & Co. LLC purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,728 shares of the company’s stock, valued at approximately $298,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in Robinhood Markets by 1,211,858.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company’s stock worth $89,410,000 after purchasing an additional 3,817,355 shares during the period. Renaissance Technologies LLC boosted its position in shares of Robinhood Markets by 37.7% in the second quarter. Renaissance Technologies LLC now owns 7,651,700 shares of the company’s stock worth $173,770,000 after buying an additional 2,094,800 shares during the period. Sparta 24 Ltd. grew its stake in shares of Robinhood Markets by 905.8% in the third quarter. Sparta 24 Ltd. now owns 1,625,158 shares of the company’s stock valued at $38,061,000 after buying an additional 1,463,578 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Robinhood Markets by 169.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,991,586 shares of the company’s stock valued at $40,092,000 after buying an additional 1,251,495 shares during the period. Finally, AQR Capital Management LLC lifted its position in Robinhood Markets by 274.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,661,824 shares of the company’s stock worth $37,341,000 after acquiring an additional 1,218,317 shares in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $16.05, for a total value of $4,012,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Robinhood Markets news, Director Baiju Bhatt sold 98,404 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $26.40, for a total value of $2,597,865.60. Following the completion of the transaction, the director now owns 2,521 shares in the company, valued at approximately $66,554.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $16.05, for a total value of $4,012,500.00. The disclosure for this sale can be found here. Insiders sold a total of 4,639,654 shares of company stock worth $110,241,632 over the last ninety days. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

Shares of HOOD opened at $27.06 on Friday. The stock has a market capitalization of $23.78 billion, a PE ratio of 180.40 and a beta of 1.84. The business’s fifty day moving average price is $22.84 and its 200 day moving average price is $21.13. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $27.75.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. Robinhood Markets had a net margin of 12.96% and a return on equity of 4.25%. The company had revenue of $682.00 million for the quarter, compared to the consensus estimate of $640.39 million. During the same period last year, the firm posted $0.03 EPS. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. As a group, research analysts anticipate that Robinhood Markets, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. lifted their price target on shares of Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, October 17th. Barclays upped their price objective on shares of Robinhood Markets from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 target price on shares of Robinhood Markets in a research report on Thursday, August 8th. Finally, Keefe, Bruyette & Woods cut their price target on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets presently has an average rating of “Hold” and an average price target of $24.97.

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.