Mutual of America Capital Management LLC Makes New Investment in Robinhood Markets, Inc. $HOOD

Mutual of America Capital Management LLC bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 83,896 shares of the company’s stock, valued at approximately $12,012,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. North Star Investment Management Corp. raised its position in Robinhood Markets by 44.9% during the third quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares during the period. CogentBlue Wealth Advisors LLC raised its holdings in Robinhood Markets by 3.8% during the 3rd quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock valued at $342,000 after buying an additional 87 shares during the period. ORG Partners LLC lifted its position in Robinhood Markets by 5.5% in the third quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock worth $269,000 after buying an additional 97 shares during the last quarter. Valley National Advisers Inc. boosted its stake in Robinhood Markets by 113.6% during the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the period. Finally, HM Payson & Co. increased its position in Robinhood Markets by 8.5% during the third quarter. HM Payson & Co. now owns 1,276 shares of the company’s stock valued at $183,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 1,330,000 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $128.47, for a total transaction of $170,865,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction on Monday, January 5th. The shares were sold at an average price of $121.63, for a total value of $45,611,250.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 2,872,561 shares of company stock worth $357,470,545. 19.95% of the stock is currently owned by corporate insiders.

Robinhood Markets Trading Up 0.0%

Shares of Robinhood Markets stock opened at $107.00 on Tuesday. The stock’s fifty day moving average price is $118.77 and its 200-day moving average price is $119.93. The firm has a market cap of $96.21 billion, a P/E ratio of 44.40, a P/E/G ratio of 1.67 and a beta of 2.44. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial began coverage on shares of Robinhood Markets in a report on Wednesday, December 17th. They issued a “buy” rating and a $155.00 target price for the company. Citizens Jmp boosted their price objective on Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a report on Friday, November 7th. Piper Sandler reiterated an “overweight” rating on shares of Robinhood Markets in a research note on Monday, January 5th. JMP Securities boosted their target price on shares of Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a research note on Thursday, October 9th. Finally, Zacks Research cut shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.62.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.