Boundless Plain Holdings Ltd Makes New $7.85 Million Investment in Robinhood Markets, Inc. $HOOD

Boundless Plain Holdings Ltd purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) in the fourth quarter, HoldingsChannel reports. The firm purchased 69,382 shares of the company’s stock, valued at approximately $7,847,000. Robinhood Markets accounts for 2.5% of Boundless Plain Holdings Ltd’s portfolio, making the stock its 9th largest position.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC boosted its position in shares of Robinhood Markets by 107.6% during the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Vision Financial Markets LLC boosted its position in shares of Robinhood Markets by 100.0% during the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Robinhood Markets during the third quarter worth $29,000. Guerra Advisors Inc bought a new position in shares of Robinhood Markets during the third quarter worth $30,000. Finally, Elyxium Wealth LLC bought a new position in shares of Robinhood Markets during the fourth quarter worth $27,000. 93.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Robinhood Markets

In other news, Director Baiju Bhatt sold 67,422 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total value of $5,082,270.36. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the completion of the sale, the chief executive officer directly owned 375,000 shares in the company, valued at approximately $26,186,250. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 560,765 shares of company stock valued at $40,946,840 over the last ninety days. Corporate insiders own 14.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HOOD. Wall Street Zen lowered shares of Robinhood Markets from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Loop Capital set a $130.00 target price on shares of Robinhood Markets in a research report on Monday, February 9th. Argus dropped their target price on shares of Robinhood Markets from $102.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Morgan Stanley dropped their target price on shares of Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Finally, Zacks Research lowered shares of Robinhood Markets from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. Eighteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.88.

Robinhood Markets Stock Down 3.0%

HOOD stock opened at $73.64 on Friday. Robinhood Markets, Inc. has a 52 week low of $62.63 and a 52 week high of $153.86. The company has a fifty day simple moving average of $76.11 and a two-hundred day simple moving average of $96.47. The firm has a market capitalization of $66.31 billion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 2.39 and a beta of 2.29.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business earned $0.37 EPS. Robinhood Markets’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, analysts anticipate that Robinhood Markets, Inc. will post 1.95 EPS for the current year.

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.