Kingstone Capital Partners Texas LLC Acquires 6,264 Shares of Robinhood Markets, Inc. $HOOD

Kingstone Capital Partners Texas LLC grew its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 12.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,859 shares of the company’s stock after buying an additional 6,264 shares during the quarter. Robinhood Markets accounts for about 4.8% of Kingstone Capital Partners Texas LLC’s investment portfolio, making the stock its 5th largest holding. Kingstone Capital Partners Texas LLC’s holdings in Robinhood Markets were worth $8,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HOOD. Hantz Financial Services Inc. grew its holdings in Robinhood Markets by 120.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after acquiring an additional 148 shares in the last quarter. Valley National Advisers Inc. grew its stake in Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Smithfield Trust Co acquired a new position in Robinhood Markets in the second quarter worth about $29,000. Twin Peaks Wealth Advisors LLC bought a new stake in Robinhood Markets in the second quarter valued at about $34,000. Finally, V Square Quantitative Management LLC acquired a new stake in Robinhood Markets during the second quarter valued at approximately $36,000. 93.27% of the stock is owned by institutional investors and hedge funds.

More Robinhood Markets News

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HOOD shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Robinhood Markets in a report on Monday, January 5th. Loop Capital set a $152.00 target price on shares of Robinhood Markets in a research note on Thursday, December 11th. JMP Securities raised their price target on shares of Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 9th. Citizens Jmp lifted their price target on shares of Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a report on Friday, November 7th. Finally, Bank of America dropped their price objective on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.62.

Check Out Our Latest Research Report on HOOD

Insiders Place Their Bets

In related news, CEO Vladimir Tenev sold 375,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $121.63, for a total value of $45,611,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the business’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 transaction, the insider owned 430,012 shares of the company’s stock, valued at $56,817,485.56. This trade represents a 21.82% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,296,763 shares of company stock valued at $414,016,996. Corporate insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Performance

Shares of HOOD opened at $108.74 on Friday. The firm has a fifty day moving average of $121.17 and a 200-day moving average of $119.07. The company has a market cap of $97.78 billion, a price-to-earnings ratio of 45.12, a price-to-earnings-growth ratio of 1.75 and a beta of 2.44. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86.

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, topping analysts’ consensus estimates of $0.41 by $0.20. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The company’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS. Analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Robinhood Markets Company Profile

(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.

See Also

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

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