Park Capital Management LLC WI Acquires Shares of 6,061 Robinhood Markets, Inc. $HOOD

Park Capital Management LLC WI acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,061 shares of the company’s stock, valued at approximately $868,000.

A number of other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. grew its position in shares of Robinhood Markets by 18.8% during the first quarter. American Century Companies Inc. now owns 108,053 shares of the company’s stock worth $4,497,000 after buying an additional 17,131 shares in the last quarter. Wellington Management Group LLP boosted its stake in Robinhood Markets by 3.1% during the 1st quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock valued at $677,000 after acquiring an additional 486 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Robinhood Markets by 213.6% during the 1st quarter. Kestra Advisory Services LLC now owns 58,421 shares of the company’s stock worth $2,431,000 after acquiring an additional 39,792 shares in the last quarter. Synovus Financial Corp bought a new stake in shares of Robinhood Markets in the 1st quarter worth about $534,000. Finally, Freedom Investment Management Inc. bought a new stake in shares of Robinhood Markets in the 1st quarter worth about $215,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HOOD. JMP Securities increased their price target on shares of Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 9th. CICC Research began coverage on Robinhood Markets in a research note on Monday, October 27th. They set an “outperform” rating and a $155.00 price objective on the stock. KeyCorp increased their target price on Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Robinhood Markets in a report on Monday. Finally, Needham & Company LLC reissued a “buy” rating and set a $145.00 price target on shares of Robinhood Markets in a research report on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Robinhood Markets has an average rating of “Moderate Buy” and a consensus target price of $137.30.

Robinhood Markets Stock Up 0.1%

Shares of HOOD stock opened at $120.32 on Friday. The company has a market cap of $108.19 billion, a P/E ratio of 49.92, a PEG ratio of 2.20 and a beta of 2.43. The business has a 50 day moving average of $128.03 and a two-hundred day moving average of $114.87. Robinhood Markets, Inc. has a 52 week low of $29.66 and a 52 week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly 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 return on equity of 21.74% and a net margin of 52.19%.The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business posted $0.17 EPS. The business’s revenue was up 100.0% on a year-over-year basis. Analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $122.39, for a total transaction of $717,694.96. Following the completion of the transaction, the chief technology officer owned 20,861 shares of the company’s stock, valued at approximately $2,553,177.79. The trade was a 21.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total transaction of $15,855,600.00. Following the transaction, the insider owned 430,012 shares of the company’s stock, valued at $56,817,485.56. This represents a 21.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,686,763 shares of company stock valued at $475,848,059 over the last three months. Corporate insiders own 14.47% of the company’s stock.

About Robinhood Markets

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.