Diversified Trust Co Acquires New Shares in Robinhood Markets, Inc. (NASDAQ:HOOD)

Diversified Trust Co bought a new position in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,821 shares of the company’s stock, valued at approximately $278,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Northern Trust Corp increased its stake in Robinhood Markets by 37.5% in the 3rd quarter. Northern Trust Corp now owns 3,099,424 shares of the company’s stock worth $30,405,000 after acquiring an additional 845,178 shares during the last quarter. Bank of Nova Scotia bought a new stake in Robinhood Markets during the third quarter valued at approximately $117,000. California State Teachers Retirement System lifted its holdings in shares of Robinhood Markets by 197.9% during the 3rd quarter. California State Teachers Retirement System now owns 663,759 shares of the company’s stock worth $6,511,000 after acquiring an additional 440,947 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its position in Robinhood Markets by 51.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 242,400 shares of the company’s stock worth $2,378,000 after acquiring an additional 82,127 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in Robinhood Markets by 7.9% in the third quarter. Axxcess Wealth Management LLC now owns 21,998 shares of the company’s stock valued at $216,000 after acquiring an additional 1,606 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Down 0.9 %

Robinhood Markets stock opened at $22.68 on Friday. Robinhood Markets, Inc. has a twelve month low of $7.91 and a twelve month high of $24.28. The company has a market capitalization of $19.93 billion, a P/E ratio of 151.20 and a beta of 1.84. The stock’s 50 day moving average is $20.61 and its 200 day moving average is $16.80.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.13. The firm had revenue of $618.00 million for the quarter, compared to analysts’ expectations of $552.74 million. Robinhood Markets had a return on equity of 1.86% and a net margin of 6.22%. The company’s quarterly revenue was up 40.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.57) earnings per share. As a group, equities analysts expect that Robinhood Markets, Inc. will post 0.56 EPS for the current year.

Insider Transactions at Robinhood Markets

In related news, Director Baiju Bhatt sold 153,180 shares of Robinhood Markets stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $16.63, for a total value of $2,547,383.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Baiju Bhatt sold 153,180 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $16.63, for a total transaction of $2,547,383.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $17.83, for a total value of $222,875.00. Following the completion of the transaction, the insider now directly owns 854,995 shares in the company, valued at approximately $15,244,560.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,231,733 shares of company stock worth $23,852,641. Corporate insiders own 19.95% of the company’s stock.

Analyst Upgrades and Downgrades

HOOD has been the subject of a number of research reports. Bank of America raised shares of Robinhood Markets from an “underperform” rating to a “buy” rating and upped their price objective for the company from $14.00 to $24.00 in a research note on Friday, May 17th. JMP Securities reissued a “market outperform” rating and issued a $30.00 target price on shares of Robinhood Markets in a research note on Friday, June 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Robinhood Markets from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, June 20th. Wolfe Research raised Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $29.00 target price on the stock in a research note on Wednesday, June 26th. Finally, KeyCorp upped their price target on Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Hold” and an average price target of $20.77.

Read Our Latest Research Report on HOOD

About Robinhood Markets

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

Receive News & Ratings for Robinhood Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robinhood Markets and related companies with MarketBeat.com's FREE daily email newsletter.