Robinhood Markets, Inc. $HOOD is Berkshire Capital Holdings Inc.’s 6th Largest Position

Berkshire Capital Holdings Inc. lowered its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 65.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,640 shares of the company’s stock after selling 287,440 shares during the period. Robinhood Markets makes up 5.0% of Berkshire Capital Holdings Inc.’s portfolio, making the stock its 6th biggest position. Berkshire Capital Holdings Inc.’s holdings in Robinhood Markets were worth $14,292,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its position in shares of Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after purchasing an additional 148 shares in the last quarter. Smithfield Trust Co acquired a new stake in Robinhood Markets during the 2nd quarter valued at $29,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Robinhood Markets during the 2nd quarter worth $34,000. V Square Quantitative Management LLC purchased a new stake in Robinhood Markets during the 2nd quarter worth $36,000. Finally, Colonial Trust Advisors grew its stake 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 purchasing an additional 500 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total value of $15,855,600.00. Following the completion of the sale, the insider owned 430,012 shares in the company, valued at $56,817,485.56. This represents a 21.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Baiju Bhatt sold 418,338 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $116.56, for a total value of $48,761,477.28. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,686,763 shares of company stock valued at $475,858,262. 14.47% of the stock is currently owned by company insiders.

Robinhood Markets Trading Down 0.0%

Robinhood Markets stock opened at $135.66 on Thursday. Robinhood Markets, Inc. has a 52 week low of $29.66 and a 52 week high of $153.86. The stock has a market cap of $121.98 billion, a price-to-earnings ratio of 56.29, a PEG ratio of 3.05 and a beta of 2.43. The company’s 50-day moving average price is $133.07 and its two-hundred day moving average price is $111.25.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HOOD shares. Citizens Jmp lifted their target price on Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a research report on Friday, November 7th. Compass Point restated a “buy” rating on shares of Robinhood Markets in a research report on Monday, October 27th. KeyCorp upped their price objective on Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Citigroup boosted their price target on shares of Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Finally, Loop Capital set a $161.00 target price on shares of Robinhood Markets in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Robinhood Markets currently has an average rating of “Moderate Buy” and an average price target of $136.79.

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.