Yousif Capital Management LLC Purchases 725 Shares of Robinhood Markets, Inc. $HOOD

Yousif Capital Management LLC boosted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 8.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,473 shares of the company’s stock after acquiring an additional 725 shares during the period. Yousif Capital Management LLC’s holdings in Robinhood Markets were worth $887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HOOD. GAMMA Investing LLC boosted its holdings in Robinhood Markets by 40.2% in the first quarter. GAMMA Investing LLC now owns 8,210 shares of the company’s stock worth $342,000 after acquiring an additional 2,352 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Robinhood Markets by 203.8% in the first quarter. Janney Montgomery Scott LLC now owns 75,422 shares of the company’s stock worth $3,139,000 after acquiring an additional 50,597 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Robinhood Markets by 36.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,537 shares of the company’s stock worth $480,000 after acquiring an additional 3,107 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Robinhood Markets by 28.6% in the first quarter. Blue Trust Inc. now owns 1,998 shares of the company’s stock worth $83,000 after purchasing an additional 444 shares during the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of Robinhood Markets in the first quarter worth approximately $331,000. Institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total value of $104,797,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $148.34, for a total value of $3,708,500.00. Following the completion of the transaction, the insider directly owned 565,949 shares of the company’s stock, valued at $83,952,874.66. The trade was a 4.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,181,462 shares of company stock valued at $567,328,871. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $131.84 on Wednesday. The business has a fifty day simple moving average of $122.06 and a two-hundred day simple moving average of $90.63. Robinhood Markets, Inc. has a 1 year low of $23.00 and a 1 year high of $153.86. The company has a market capitalization of $117.16 billion, a P/E ratio of 66.92, a P/E/G ratio of 3.59 and a beta of 2.42.

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

Analysts Set New Price Targets

Several analysts have recently commented on the company. Needham & Company LLC increased their price objective on Robinhood Markets from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Cantor Fitzgerald increased their price target on Robinhood Markets from $100.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Mizuho increased their price target on Robinhood Markets from $120.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. JMP Securities increased their price target on Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a research report on Thursday, October 9th. Finally, KeyCorp increased their price target on Robinhood Markets from $60.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average price target of $118.94.

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.