Robinhood Markets Sees Unusually High Options Volume (NASDAQ:HOOD)

Robinhood Markets, Inc. (NASDAQ:HOOD) was the target of unusually large options trading on Monday. Stock investors bought 205,071 call options on the company. This represents an increase of approximately 47% compared to the typical volume of 139,242 call options.

Insiders Place Their Bets

In related news, Director Meyer Malka sold 105,875 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $30.00, for a total value of $3,176,250.00. Following the completion of the transaction, the director now owns 28,930,243 shares of the company’s stock, valued at approximately $867,907,290. This represents a 0.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Baiju Bhatt sold 139,916 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $19.55, for a total value of $2,735,357.80. The disclosure for this sale can be found here. Insiders sold a total of 4,710,549 shares of company stock worth $115,477,194 over the last quarter. 19.95% of the stock is currently owned by corporate insiders.

Institutional Trading of Robinhood Markets

A number of institutional investors have recently bought and sold shares of HOOD. Vanguard Group Inc. raised its position in Robinhood Markets by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock worth $1,143,960,000 after purchasing an additional 1,003,535 shares during the period. Baker Avenue Asset Management LP grew its stake in shares of Robinhood Markets by 77.9% during the third quarter. Baker Avenue Asset Management LP now owns 464,306 shares of the company’s stock valued at $10,874,000 after buying an additional 203,354 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Robinhood Markets by 87.1% in the first quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock worth $117,000 after buying an additional 2,700 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Robinhood Markets in the third quarter worth approximately $770,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Robinhood Markets by 146.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,161,240 shares of the company’s stock worth $27,196,000 after acquiring an additional 690,467 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Trading Up 8.3 %

Shares of NASDAQ:HOOD opened at $35.00 on Tuesday. The company has a market cap of $30.94 billion, a price-to-earnings ratio of 59.32, a PEG ratio of 0.77 and a beta of 1.84. Robinhood Markets has a 12 month low of $7.96 and a 12 month high of $35.62. The company has a 50-day moving average price of $25.77 and a 200 day moving average price of $22.49.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $637.00 million during the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. Robinhood Markets’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.09) earnings per share. As a group, equities analysts forecast that Robinhood Markets will post 0.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on Robinhood Markets from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods reduced their price objective on shares of Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Barclays raised their target price on shares of Robinhood Markets from $23.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, KeyCorp lifted their price target on shares of Robinhood Markets from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.34.

About Robinhood Markets

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.