Flow Traders U.S. LLC Invests $769,000 in Robinhood Markets, Inc. $HOOD

Flow Traders U.S. LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,215 shares of the company’s stock, valued at approximately $769,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HOOD. Hantz Financial Services Inc. raised its position in Robinhood Markets by 120.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after purchasing an additional 148 shares in the last quarter. Smithfield Trust Co purchased a new stake in shares of Robinhood Markets during the second quarter worth approximately $29,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Robinhood Markets during the second quarter worth approximately $34,000. 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 lifted its stake in Robinhood Markets by 125.0% in the first quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock worth $37,000 after acquiring an additional 500 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $135.71 on Wednesday. The company has a fifty day moving average of $133.14 and a two-hundred day moving average of $111.08. The company has a market capitalization of $122.03 billion, a PE ratio of 56.31, a P/E/G ratio of 3.07 and a beta of 2.43. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Loop Capital set a $161.00 price objective on shares of Robinhood Markets in a research report on Monday, October 27th. Mizuho increased their target price on Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. JMP Securities raised their price target on Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a research note on Thursday, October 9th. Morgan Stanley lifted their price target on Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Finally, Citizens Jmp increased their price objective on Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.95.

Insider Transactions at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,865 shares of Robinhood Markets stock in a transaction on Friday, December 5th. The shares were sold at an average price of $132.26, for a total value of $775,704.90. Following the transaction, the chief technology officer directly owned 26,725 shares of the company’s stock, valued at $3,534,648.50. The trade was a 18.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total transaction of $15,855,600.00. Following the sale, the insider owned 430,012 shares of the company’s stock, valued at approximately $56,817,485.56. This represents a 21.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,686,763 shares of company stock worth $475,858,262 in the last three months. Corporate insiders own 19.95% of the company’s stock.

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.