Robinhood Markets, Inc. $HOOD Stake Lifted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 462.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,192,890 shares of the company’s stock after buying an additional 980,868 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.13% of Robinhood Markets worth $111,537,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HOOD. National Bank of Canada FI lifted its position in Robinhood Markets by 32.3% in the 1st quarter. National Bank of Canada FI now owns 3,518 shares of the company’s stock valued at $146,000 after purchasing an additional 859 shares during the last quarter. Townsquare Capital LLC raised its stake in Robinhood Markets by 45.1% during the 1st quarter. Townsquare Capital LLC now owns 14,696 shares of the company’s stock valued at $612,000 after acquiring an additional 4,571 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Robinhood Markets during the 1st quarter worth $1,038,000. HighTower Advisors LLC grew its stake in shares of Robinhood Markets by 6.4% in the first quarter. HighTower Advisors LLC now owns 50,264 shares of the company’s stock worth $2,092,000 after purchasing an additional 3,032 shares in the last quarter. Finally, National Pension Service acquired a new position in shares of Robinhood Markets during the first quarter valued at $35,349,000. Institutional investors own 93.27% of the company’s stock.

Insider Activity

In other Robinhood Markets news, Director Baiju Bhatt sold 1,330,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $128.47, for a total transaction of $170,865,100.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Steven M. Quirk sold 49,942 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total value of $6,549,893.30. Following the completion of the transaction, the insider owned 54,496 shares in the company, valued at $7,147,150.40. This represents a 47.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,686,763 shares of company stock valued at $475,858,262. 14.47% of the stock is currently owned by company insiders.

Robinhood Markets Stock Down 3.1%

NASDAQ:HOOD opened at $119.50 on Friday. The stock has a fifty day simple moving average of $132.04 and a 200 day simple moving average of $112.04. The firm has a market capitalization of $107.45 billion, a price-to-earnings ratio of 49.59, a price-to-earnings-growth ratio of 2.40 and a beta of 2.43. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. The company 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%. The business’s quarterly revenue was up 100.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. Equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HOOD shares. The Goldman Sachs Group upped their price objective on shares of Robinhood Markets from $134.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Compass Point reiterated a “buy” rating on shares of Robinhood Markets in a report on Monday, October 27th. Morgan Stanley boosted their target price on Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Piper Sandler reaffirmed an “overweight” rating on shares of Robinhood Markets in a research note on Wednesday, November 26th. Finally, KeyCorp boosted their price objective on Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.32.

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.