2,532 Shares in Robinhood Markets, Inc. $HOOD Bought by Inceptionr LLC

Inceptionr LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, Holdings Channel reports. The institutional investor acquired 2,532 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOOD. Hantz Financial Services Inc. increased its stake in shares of Robinhood Markets by 120.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after acquiring an additional 148 shares during the last quarter. Smithfield Trust Co acquired a new position in Robinhood Markets during the second quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new stake in Robinhood Markets in the second quarter valued at approximately $36,000. LGT Financial Advisors LLC acquired a new stake in Robinhood Markets in the second quarter worth $37,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Robinhood Markets during the second quarter worth $37,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $128.55 on Friday. The stock has a 50-day simple moving average of $132.70 and a 200 day simple moving average of $107.37. Robinhood Markets, Inc. has a 52-week low of $29.66 and a 52-week high of $153.86. The company has a market cap of $115.59 billion, a PE ratio of 53.34, a PEG ratio of 2.89 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The business’s revenue was up 100.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 EPS. On average, research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

HOOD has been the subject of a number of recent analyst reports. Zacks Research cut shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Compass Point restated a “buy” rating on shares of Robinhood Markets in a report on Monday, October 27th. Dbs Bank raised Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Bank of America boosted their price objective on Robinhood Markets from $139.00 to $157.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Robinhood Markets from $134.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.95.

Insider Buying and Selling at Robinhood Markets

In related news, insider Steven M. Quirk sold 48,350 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $140.61, for a total transaction of $6,798,493.50. Following the completion of the transaction, the insider owned 70,279 shares in the company, valued at approximately $9,881,930.19. This represents a 40.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Baiju Bhatt sold 418,338 shares of Robinhood Markets stock in a transaction on Monday, November 17th. The shares were sold at an average price of $116.56, for a total transaction of $48,761,477.28. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,970,272 shares of company stock worth $505,742,993. Company insiders own 14.47% of the company’s stock.

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.