Capital Impact Advisors LLC Has $18.13 Million Stock Position in Robinhood Markets, Inc. $HOOD

Capital Impact Advisors LLC reduced its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 12.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 191,755 shares of the company’s stock after selling 27,209 shares during the period. Robinhood Markets makes up 5.5% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Capital Impact Advisors LLC’s holdings in Robinhood Markets were worth $18,132,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in HOOD. Hantz Financial Services Inc. grew its stake in shares of Robinhood Markets by 120.3% in 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 during the last quarter. Smithfield Trust Co bought a new position in Robinhood Markets in the 2nd quarter worth $29,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Robinhood Markets in the second quarter worth $34,000. V Square Quantitative Management LLC bought a new position in Robinhood Markets in the second quarter worth $36,000. Finally, Colonial Trust Advisors grew its position in shares of Robinhood Markets by 125.0% in the 1st quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock worth $37,000 after buying an additional 500 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Morgan Stanley increased their target price on Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. CICC Research assumed coverage on shares of Robinhood Markets in a research note on Monday, October 27th. They issued an “outperform” rating and a $155.00 target price on the stock. KeyCorp increased their price target on shares of Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Bank of America decreased their price objective on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group increased their target price on Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. One 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 given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.32.

Robinhood Markets Price Performance

Shares of HOOD opened at $119.50 on Friday. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86. The firm has a market capitalization of $107.45 billion, a price-to-earnings ratio of 49.59, a PEG ratio of 2.40 and a beta of 2.43. The company has a 50-day moving average of $132.04 and a 200 day moving average of $112.04.

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

Insider Transactions at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the company’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Baiju Bhatt sold 418,338 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $116.56, for a total transaction of $48,761,477.28. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,686,763 shares of company stock worth $475,858,262. 14.47% of the stock is owned by company insiders.

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.