Pacer Advisors Inc. Increases Holdings in Robinhood Markets, Inc. $HOOD

Pacer Advisors Inc. grew its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 49,763.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,329 shares of the company’s stock after buying an additional 62,204 shares during the quarter. Pacer Advisors Inc.’s holdings in Robinhood Markets were worth $8,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in 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 shares of Robinhood Markets in the 2nd quarter worth approximately $29,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Robinhood Markets in the second quarter worth approximately $34,000. V Square Quantitative Management LLC purchased a new position in shares of Robinhood Markets in the second quarter worth approximately $36,000. Finally, LGT Financial Advisors LLC bought a new stake in Robinhood Markets during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on HOOD shares. Bank of America decreased their price target on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. JMP Securities raised their target price on Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a report on Thursday, October 9th. Barclays boosted their price target on Robinhood Markets from $168.00 to $171.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Compass Point restated a “buy” rating on shares of Robinhood Markets in a research report on Monday, October 27th. Finally, The Goldman Sachs Group lifted their price objective on Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Two investment 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’s stock. According to MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus target price of $137.30.

Insider Activity at Robinhood Markets

In related news, Director Baiju Bhatt sold 418,338 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $116.56, for a total transaction of $48,761,477.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $132.13, for a total transaction of $15,855,600.00. Following the transaction, the insider directly owned 430,012 shares of the company’s stock, valued at $56,817,485.56. The trade was a 21.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,686,763 shares of company stock worth $475,848,059. 19.95% of the stock is currently owned by corporate insiders.

Robinhood Markets Stock Down 1.9%

Shares of Robinhood Markets stock opened at $118.13 on Monday. The company has a market capitalization of $106.22 billion, a price-to-earnings ratio of 49.02, a PEG ratio of 2.16 and a beta of 2.43. The stock’s 50-day simple moving average is $127.79 and its 200-day simple moving average is $115.76. Robinhood Markets, Inc. has a 52 week low of $29.66 and a 52 week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results 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. 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 for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company earned $0.17 EPS. The firm’s quarterly revenue was up 100.0% on a year-over-year basis. On average, equities analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Robinhood Markets Profile

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.