Main Management ETF Advisors LLC Boosts Holdings in Robinhood Markets, Inc. $HOOD

Main Management ETF Advisors LLC lifted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 1.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 44,713 shares of the company’s stock after acquiring an additional 732 shares during the quarter. Robinhood Markets accounts for about 0.2% of Main Management ETF Advisors LLC’s holdings, making the stock its 22nd biggest holding. Main Management ETF Advisors LLC’s holdings in Robinhood Markets were worth $4,186,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. True Vision MN LLC lifted its stake in Robinhood Markets by 1.7% in the second quarter. True Vision MN LLC now owns 6,858 shares of the company’s stock worth $642,000 after purchasing an additional 116 shares during the last quarter. Forum Financial Management LP increased its holdings in shares of Robinhood Markets by 0.8% in the second quarter. Forum Financial Management LP now owns 17,997 shares of the company’s stock worth $1,685,000 after buying an additional 134 shares during the period. Hemington Wealth Management lifted its stake in shares of Robinhood Markets by 22.5% in the 2nd quarter. Hemington Wealth Management now owns 779 shares of the company’s stock valued at $72,000 after acquiring an additional 143 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Robinhood Markets by 2.3% during the 2nd quarter. Ballentine Partners LLC now owns 6,624 shares of the company’s stock valued at $620,000 after acquiring an additional 148 shares during the period. Finally, Hantz Financial Services Inc. grew its position in Robinhood Markets by 120.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after acquiring an additional 148 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $118.16 on Thursday. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86. The company’s 50-day moving average is $132.71 and its 200 day moving average is $104.20. The stock has a market capitalization of $106.25 billion, a P/E ratio of 49.03, a P/E/G ratio of 2.57 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. Robinhood Markets’s quarterly revenue was up 100.0% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share. Research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Ratings Changes

HOOD has been the subject of several recent research reports. 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 research report on Friday, November 7th. KeyCorp upped their price target on shares of Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Bank of America raised their price target on shares of Robinhood Markets from $139.00 to $157.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Needham & Company LLC boosted their price objective on shares of Robinhood Markets from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Finally, Loop Capital set a $161.00 target price on shares of Robinhood Markets in a report on Monday, October 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.95.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total value of $104,797,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Meyer Malka sold 1,093,288 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $103.87, for a total value of $113,559,824.56. Following the transaction, the director directly owned 3,976,234 shares of the company’s stock, valued at $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. In the last quarter, insiders have sold 5,134,080 shares of company stock worth $626,549,514. 14.47% of the stock is owned by company insiders.

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.