Robinhood Markets, Inc. $HOOD Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 41.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,039 shares of the company’s stock after acquiring an additional 12,564 shares during the quarter. Corient Private Wealth LLC’s holdings in Robinhood Markets were worth $4,030,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HOOD. Hantz Financial Services Inc. increased 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 purchased a new position in Robinhood Markets during the 2nd quarter worth approximately $29,000. Twin Peaks Wealth Advisors LLC acquired a new position in Robinhood Markets during the second quarter worth approximately $34,000. V Square Quantitative Management LLC purchased a new stake in Robinhood Markets in the second quarter valued at approximately $36,000. Finally, LGT Financial Advisors LLC acquired a new stake in shares of Robinhood Markets in the second quarter valued at approximately $37,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $121.35 on Monday. The stock’s 50 day moving average price is $129.19 and its 200 day moving average price is $114.12. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86. The company has a market cap of $109.12 billion, a PE ratio of 50.35, a price-to-earnings-growth ratio of 2.40 and a beta of 2.43.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on HOOD. Mizuho upped their price target on shares of Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Needham & Company LLC restated a “buy” rating and issued a $145.00 price objective on shares of Robinhood Markets in a research note on Friday, December 5th. Morgan Stanley upped their target price on shares of Robinhood Markets from $110.00 to $146.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Bank of America lowered their price target on Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a research report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned 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 $137.25.

Read Our Latest Stock Report on HOOD

Robinhood Markets News Summary

Here are the key news stories impacting Robinhood Markets this week:

Insider Activity at Robinhood Markets

In related news, insider Steven M. Quirk sold 49,942 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 54,496 shares in the company, valued at $7,147,150.40. This represents a 47.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,865 shares of Robinhood Markets stock in a transaction on Friday, December 5th. The stock was 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 approximately $3,534,648.50. This represents a 18.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,680,899 shares of company stock worth $475,130,364 in the last ninety days. Corporate insiders own 19.95% of the company’s stock.

About Robinhood Markets

(Free Report)

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.

Further Reading

Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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