Robinhood Markets, Inc. $HOOD Shares Purchased by Cwm LLC

Cwm LLC increased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 10.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,342 shares of the company’s stock after purchasing an additional 8,930 shares during the period. Cwm LLC’s holdings in Robinhood Markets were worth $13,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its stake in shares of Robinhood Markets by 49,763.2% during the 3rd quarter. Pacer Advisors Inc. now owns 62,329 shares of the company’s stock valued at $8,924,000 after buying an additional 62,204 shares during the last quarter. RFG Holdings Inc. boosted its stake in shares of Robinhood Markets by 14.9% in the third quarter. RFG Holdings Inc. now owns 24,829 shares of the company’s stock worth $3,555,000 after buying an additional 3,224 shares during the last quarter. Stephens Consulting LLC grew its holdings in Robinhood Markets by 27,900.0% during the third quarter. Stephens Consulting LLC now owns 7,000 shares of the company’s stock worth $1,002,000 after acquiring an additional 6,975 shares during the period. Brookstone Capital Management purchased a new position in Robinhood Markets during the third quarter valued at approximately $333,000. Finally, Tritonpoint Wealth LLC acquired a new position in Robinhood Markets in the third quarter valued at approximately $270,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $118.13 on Monday. The stock’s 50 day simple moving average is $127.79 and its 200-day simple moving average is $115.76. The company has a market cap of $106.22 billion, a PE ratio of 49.02, a price-to-earnings-growth ratio of 2.16 and a beta of 2.43. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HOOD. Compass Point reaffirmed a “buy” rating on shares of Robinhood Markets in a research note on Monday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Robinhood Markets in a report on Friday, December 5th. Mizuho raised their target price on Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Zacks Research upgraded Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Finally, JMP Securities raised their price objective on Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.30.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets 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 directly owned 430,012 shares in the company, valued at $56,817,485.56. This represents a 21.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Baiju Bhatt sold 418,338 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $116.56, for a total transaction of $48,761,477.28. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,686,763 shares of company stock worth $475,848,059 in the last quarter. Insiders own 19.95% of the company’s stock.

Robinhood Markets Company 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.