denkapparat Operations GmbH Invests $232,000 in Robinhood Markets, Inc. $HOOD

denkapparat Operations GmbH bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, HoldingsChannel reports. The fund bought 2,480 shares of the company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC increased its holdings in shares of Robinhood Markets by 6.4% during the 1st quarter. HighTower Advisors LLC now owns 50,264 shares of the company’s stock worth $2,092,000 after buying an additional 3,032 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Robinhood Markets by 3.1% during the 1st quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock worth $677,000 after purchasing an additional 486 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Robinhood Markets by 125.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 19,201 shares of the company’s stock valued at $799,000 after acquiring an additional 10,703 shares in the last quarter. Metavasi Capital LP boosted its position in Robinhood Markets by 275.0% during the 1st quarter. Metavasi Capital LP now owns 75,000 shares of the company’s stock worth $3,122,000 after purchasing an additional 55,000 shares during the period. Finally, Burns Matteson Capital Management LLC acquired a new stake in Robinhood Markets in the 1st quarter valued at $495,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Activity at Robinhood Markets

In related news, CEO Vladimir Tenev sold 750,000 shares of the company’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 transaction of $104,797,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Meyer Malka sold 1,093,288 shares of Robinhood Markets stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $103.87, for a total transaction of $113,559,824.56. Following the completion of the transaction, the director directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,297,404 shares of company stock worth $529,026,559 over the last quarter. 14.47% of the stock is owned by corporate insiders.

Robinhood Markets Stock Performance

HOOD opened at $132.98 on Thursday. The company has a market capitalization of $118.18 billion, a P/E ratio of 55.18, a PEG ratio of 3.02 and a beta of 2.42. The company has a 50-day moving average of $132.01 and a 200-day moving average of $101.75. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.41 by $0.20. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The company’s quarterly revenue was up 100.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 earnings per share. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HOOD. Citigroup boosted their price objective on Robinhood Markets from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Compass Point reiterated a “buy” rating on shares of Robinhood Markets in a report on Monday, October 27th. Keefe, Bruyette & Woods boosted their price target on Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Piper Sandler restated an “overweight” rating and issued a $140.00 price target (up previously from $120.00) on shares of Robinhood Markets in a report on Tuesday, September 23rd. Finally, Morgan Stanley lifted their price objective on shares of Robinhood Markets from $110.00 to $146.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.65.

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.