Robinhood Markets, Inc. $HOOD Shares Purchased by REAP Financial Group LLC

REAP Financial Group LLC increased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 44.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 523 shares of the company’s stock after acquiring an additional 160 shares during the period. REAP Financial Group LLC’s holdings in Robinhood Markets were worth $49,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HOOD. NBC Securities Inc. raised its position in Robinhood Markets by 155,600.0% in the 1st quarter. NBC Securities Inc. now owns 1,557 shares of the company’s stock valued at $64,000 after purchasing an additional 1,556 shares in the last quarter. Wedmont Private Capital raised its position in Robinhood Markets by 28.9% in the 1st quarter. Wedmont Private Capital now owns 12,424 shares of the company’s stock valued at $543,000 after purchasing an additional 2,785 shares in the last quarter. Farther Finance Advisors LLC raised its position in Robinhood Markets by 4.0% in the 1st quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company’s stock valued at $290,000 after purchasing an additional 265 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Robinhood Markets in the 1st quarter valued at about $277,000. Finally, GAMMA Investing LLC raised its position in Robinhood Markets by 40.2% in the 1st quarter. GAMMA Investing LLC now owns 8,210 shares of the company’s stock valued at $342,000 after purchasing an additional 2,352 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Transactions at Robinhood Markets

In related news, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total transaction of $104,797,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 225,000 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $99.97, for a total value of $22,493,250.00. Following the transaction, the insider owned 591,887 shares in the company, valued at $59,170,943.39. This represents a 27.54% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,681,462 shares of company stock worth $618,250,191. 14.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HOOD shares. Cantor Fitzgerald increased their price target on Robinhood Markets from $100.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. The Goldman Sachs Group increased their price target on Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Bank of America raised their target price on Robinhood Markets from $139.00 to $157.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Mizuho raised their target price on Robinhood Markets from $120.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Finally, Morgan Stanley raised their target price on Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued 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 target price of $113.59.

Robinhood Markets Stock Up 4.0%

NASDAQ:HOOD opened at $150.87 on Thursday. The stock’s 50 day moving average price is $116.93 and its 200 day moving average price is $84.46. The company has a market capitalization of $134.07 billion, a PE ratio of 76.58, a P/E/G ratio of 4.03 and a beta of 2.42. Robinhood Markets, Inc. has a 52-week low of $23.00 and a 52-week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. The firm had revenue of $989.00 million for the quarter, compared to the consensus estimate of $893.93 million. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The firm’s quarterly revenue was up 45.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. As a group, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

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.