Signaturefd LLC Has $10.51 Million Stock Position in Robinhood Markets, Inc. $HOOD

Signaturefd LLC trimmed its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 1.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 112,224 shares of the company’s stock after selling 2,053 shares during the period. Signaturefd LLC’s holdings in Robinhood Markets were worth $10,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. HighTower Advisors LLC lifted 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 buying an additional 3,032 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Robinhood Markets by 184.4% in the first quarter. TD Private Client Wealth LLC now owns 1,829 shares of the company’s stock worth $76,000 after buying an additional 1,186 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Robinhood Markets by 3.1% in the first quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock worth $677,000 after buying an additional 486 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Robinhood Markets by 125.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 19,201 shares of the company’s stock worth $799,000 after buying an additional 10,703 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new position in Robinhood Markets during the first quarter worth $277,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $121.78 on Friday. The firm has a market capitalization of $108.22 billion, a PE ratio of 61.82, a price-to-earnings-growth ratio of 4.37 and a beta of 2.36. The company’s fifty day moving average price is $110.49 and its two-hundred day moving average price is $78.76. Robinhood Markets, Inc. has a 52-week low of $22.05 and a 52-week high of $130.07.

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

Insider Transactions at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $100.92, for a total value of $2,523,000.00. Following the sale, the insider owned 610,949 shares of the company’s stock, valued at approximately $61,656,973.08. This represents a 3.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Baiju Bhatt sold 418,338 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $119.42, for a total transaction of $49,957,923.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,681,462 shares of company stock worth $581,726,917. 14.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HOOD shares. Mizuho boosted their target price on shares of Robinhood Markets from $120.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. The Goldman Sachs Group boosted their target price on shares of Robinhood Markets from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Morgan Stanley boosted their target price on shares of Robinhood Markets from $43.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. JMP Securities boosted their target price on shares of Robinhood Markets from $125.00 to $130.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. Finally, Compass Point boosted their target price on shares of Robinhood Markets from $64.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.06.

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.