Azora Capital LP Takes Position in Robinhood Markets, Inc. $HOOD

Azora Capital LP bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 108,527 shares of the company’s stock, valued at approximately $10,161,000.

Several other large investors have also added to or reduced their stakes in HOOD. Hantz Financial Services Inc. lifted its position in shares of Robinhood Markets by 120.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after purchasing an additional 148 shares during the period. Smithfield Trust Co bought a new position in Robinhood Markets in the second quarter worth about $29,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Robinhood Markets in the second quarter worth about $34,000. V Square Quantitative Management LLC purchased a new stake in Robinhood Markets in the second quarter worth about $36,000. Finally, Colonial Trust Advisors boosted its position in Robinhood Markets by 125.0% during the 1st 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. 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 company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total transaction of $104,797,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Baiju Bhatt sold 1,330,000 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $128.47, for a total value of $170,865,100.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,686,763 shares of company stock valued at $475,858,262. Insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $135.71 on Wednesday. The firm has a market cap of $122.03 billion, a P/E ratio of 56.31, a P/E/G ratio of 3.07 and a beta of 2.43. Robinhood Markets, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $153.86. The firm has a 50-day simple moving average of $133.14 and a two-hundred day simple moving average of $111.08.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The business’s revenue was up 100.0% on a year-over-year basis. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Ratings Changes

HOOD has been the subject of a number of research analyst reports. Barclays raised their target price on Robinhood Markets from $162.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Cantor Fitzgerald increased their price objective on Robinhood Markets from $130.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Zacks Research raised Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. JMP Securities boosted their target price on shares of Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a report on Thursday, October 9th. Finally, Bank of America upped their target price on shares of Robinhood Markets from $139.00 to $157.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.95.

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.