Roundview Capital LLC Takes $421,000 Position in Robinhood Markets, Inc. $HOOD

Roundview Capital LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 2nd quarter, HoldingsChannel reports. The fund acquired 4,500 shares of the company’s stock, valued at approximately $421,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hemington Wealth Management boosted its stake in shares of Robinhood Markets by 52.2% in the first quarter. Hemington Wealth Management now owns 636 shares of the company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Robinhood Markets in the first quarter valued at approximately $30,000. Pandora Wealth Inc. acquired a new stake in Robinhood Markets in the first quarter valued at approximately $33,000. V Square Quantitative Management LLC acquired a new stake in Robinhood Markets in the second quarter valued at approximately $36,000. Finally, Colonial Trust Advisors raised its holdings in Robinhood Markets by 125.0% in the first quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock valued at $37,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In other news, Director Baiju Bhatt sold 1,568,421 shares of Robinhood Markets stock in a transaction on Friday, August 1st. The shares were sold at an average price of $99.98, for a total value of $156,810,731.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total transaction of $104,797,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,681,462 shares of company stock valued at $618,250,191. Insiders own 14.47% of the company’s stock.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $150.87 on Thursday. The firm’s fifty day simple moving average is $116.93 and its 200-day simple moving average is $84.46. The stock has a market capitalization of $134.07 billion, a price-to-earnings ratio of 76.58, a PEG ratio of 4.03 and a beta of 2.42. Robinhood Markets, Inc. has a 12 month low of $23.00 and a 12 month high of $153.86.

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

Analyst Ratings Changes

Several analysts recently weighed in on HOOD shares. Compass Point raised their target price on shares of Robinhood Markets from $64.00 to $96.00 and gave the company a “buy” rating in a report on Friday, June 27th. Needham & Company LLC raised their target price on shares of Robinhood Markets from $120.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. JMP Securities raised their target price on shares of Robinhood Markets from $125.00 to $130.00 and gave the company a “market outperform” rating in a report on Thursday, July 31st. Citigroup raised their target price on shares of Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Finally, Barclays raised their target price on shares of Robinhood Markets from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.59.

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.