Commonwealth Equity Services LLC Purchases 44,055 Shares of Robinhood Markets, Inc. $HOOD

Commonwealth Equity Services LLC grew its position in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 21.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 245,920 shares of the company’s stock after buying an additional 44,055 shares during the period. Commonwealth Equity Services LLC’s holdings in Robinhood Markets were worth $35,211,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HOOD. Vanguard Group Inc. raised its holdings in Robinhood Markets by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 75,612,131 shares of the company’s stock worth $7,079,564,000 after purchasing an additional 1,371,051 shares during the last quarter. State Street Corp grew its position in shares of Robinhood Markets by 9.2% during the 2nd quarter. State Street Corp now owns 15,870,421 shares of the company’s stock worth $1,485,948,000 after buying an additional 1,341,204 shares during the period. Geode Capital Management LLC raised its stake in shares of Robinhood Markets by 4.0% during the second quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company’s stock worth $1,233,840,000 after buying an additional 507,926 shares during the last quarter. WCM Investment Management LLC raised its stake in shares of Robinhood Markets by 3,615.7% during the second quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock worth $1,081,910,000 after buying an additional 11,244,182 shares during the last quarter. Finally, Norges Bank acquired a new position in Robinhood Markets in the second quarter valued at approximately $973,122,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $116.97 on Thursday. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86. The business has a 50-day moving average of $124.40 and a two-hundred day moving average of $117.77. The company has a market capitalization of $105.18 billion, a P/E ratio of 48.54, a price-to-earnings-growth ratio of 1.84 and a beta of 2.44.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released 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 return on equity of 21.74% and a net margin of 52.19%.The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business posted $0.17 EPS. Robinhood Markets’s revenue for the quarter was up 100.0% on a year-over-year basis. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on HOOD shares. Needham & Company LLC lowered their target price on shares of Robinhood Markets from $145.00 to $135.00 and set a “buy” rating for the company in a report on Monday, December 29th. Keefe, Bruyette & Woods upped their price objective on Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Truist Financial assumed coverage on Robinhood Markets in a report on Wednesday, December 17th. They set a “buy” rating and a $155.00 target price on the stock. Dbs Bank upgraded Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Finally, JMP Securities upped their price target on Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.80.

Get Our Latest Report on Robinhood Markets

Key Robinhood Markets News

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

Insider Activity at Robinhood Markets

In related news, Director Baiju Bhatt sold 1,330,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $128.47, for a total value of $170,865,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $121.63, for a total transaction of $45,611,250.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,296,763 shares of company stock worth $414,016,996. Corporate insiders own 14.47% 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.

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

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