Headlands Technologies LLC Has $12.06 Million Stake in Robinhood Markets, Inc. $HOOD

Headlands Technologies LLC trimmed its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 21.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 128,800 shares of the company’s stock after selling 34,550 shares during the quarter. Robinhood Markets comprises 1.4% of Headlands Technologies LLC’s portfolio, making the stock its 6th largest position. Headlands Technologies LLC’s holdings in Robinhood Markets were worth $12,060,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a research report on Monday, December 8th. JMP Securities boosted their price target on Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 9th. CICC Research started coverage on Robinhood Markets in a research note on Monday, October 27th. They issued an “outperform” rating and a $155.00 price target for the company. Dbs Bank upgraded shares of Robinhood Markets to a “moderate buy” rating in a research note on Wednesday, November 12th. Finally, Bank of America decreased their target price on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.32.

Insider Buying and Selling at Robinhood Markets

In related news, insider Steven M. Quirk sold 49,942 shares of Robinhood Markets stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $131.15, for a total value of $6,549,893.30. Following the transaction, the insider directly owned 54,496 shares in the company, valued at $7,147,150.40. The trade was a 47.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the business’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 SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,686,763 shares of company stock worth $475,858,262. 14.47% of the stock is owned by corporate insiders.

Robinhood Markets Trading Down 3.1%

Shares of Robinhood Markets stock opened at $119.50 on Friday. 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 $107.45 billion, a PE ratio of 49.59, a price-to-earnings-growth ratio of 2.40 and a beta of 2.43. The company’s 50-day moving average price is $132.04 and its two-hundred day moving average price is $112.04.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data 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. 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 quarter last year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 100.0% on a year-over-year basis. On average, equities analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

About Robinhood Markets

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.