Newbridge Financial Services Group Inc. Has $613,000 Stock Position in Robinhood Markets, Inc. $HOOD

Newbridge Financial Services Group Inc. raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 2,520.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,550 shares of the company’s stock after buying an additional 6,300 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Robinhood Markets were worth $613,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Advisory Services Network LLC increased its stake in shares of Robinhood Markets by 54.4% in the 2nd quarter. Advisory Services Network LLC now owns 25,111 shares of the company’s stock valued at $2,588,000 after acquiring an additional 8,851 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in Robinhood Markets in the second quarter worth $56,000. Liontrust Investment Partners LLP bought a new stake in Robinhood Markets in the second quarter valued at $3,864,000. Geneos Wealth Management Inc. raised its holdings in shares of Robinhood Markets by 135.8% during the second quarter. Geneos Wealth Management Inc. now owns 18,537 shares of the company’s stock valued at $1,736,000 after purchasing an additional 10,677 shares during the period. Finally, Hollencrest Capital Management boosted its position in shares of Robinhood Markets by 25.5% during the 2nd quarter. Hollencrest Capital Management now owns 1,828 shares of the company’s stock worth $171,000 after purchasing an additional 372 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

HOOD has been the subject of a number of research analyst reports. KeyCorp boosted their target price on Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Compass Point reissued a “buy” rating on shares of Robinhood Markets in a research note on Monday, October 27th. The Goldman Sachs Group upped their target price on Robinhood Markets from $134.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Mizuho lifted their price target on shares of Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, Bank of America decreased their price target on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and an average price target of $136.32.

Robinhood Markets Trading Down 3.1%

NASDAQ HOOD opened at $119.50 on Monday. The business has a fifty day simple moving average of $132.04 and a 200 day simple moving average of $112.37. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86. The firm has a market capitalization of $107.45 billion, a P/E ratio of 49.59, a PEG ratio of 2.40 and a beta of 2.43.

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

Insider Activity

In other Robinhood Markets news, Director Baiju Bhatt sold 418,338 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $116.56, for a total value of $48,761,477.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,865 shares of Robinhood Markets stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $132.26, for a total transaction of $775,704.90. Following the transaction, the chief technology officer directly owned 26,725 shares in the company, valued at approximately $3,534,648.50. This represents a 18.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 3,686,763 shares of company stock valued at $475,858,262. 19.95% of the stock is currently owned by company insiders.

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.