BLB&B Advisors LLC Purchases New Stake in Robinhood Markets, Inc. $HOOD

BLB&B Advisors LLC acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,084 shares of the company’s stock, valued at approximately $8,030,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HOOD. Hantz Financial Services Inc. lifted its stake in shares of Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after purchasing an additional 148 shares during the period. Valley National Advisers Inc. lifted its position in shares of Robinhood Markets by 113.6% during the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Smithfield Trust Co purchased a new stake in shares of Robinhood Markets during the 2nd quarter worth approximately $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $34,000. Finally, V Square Quantitative Management LLC purchased a new position in Robinhood Markets in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $106.99 on Friday. The firm has a market cap of $96.20 billion, a P/E ratio of 44.39, a price-to-earnings-growth ratio of 1.68 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. The firm’s 50 day moving average price is $118.95 and its 200 day moving average price is $119.70.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results 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 company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $0.17 EPS. Robinhood Markets’s revenue was up 100.0% on a year-over-year basis. As a group, equities analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating on shares of Robinhood Markets in a research report on Monday, January 5th. Mizuho boosted their price objective on shares of Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Argus started coverage on shares of Robinhood Markets in a report on Friday, January 9th. They set a “buy” rating and a $145.00 target price for the company. Barclays cut their target price on shares of Robinhood Markets from $171.00 to $159.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Finally, Needham & Company LLC lowered their price target on shares of Robinhood Markets from $145.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $136.62.

Insiders Place Their Bets

In related news, insider Steven M. Quirk sold 49,942 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $131.15, for a total transaction of $6,549,893.30. Following the transaction, the insider directly owned 54,496 shares in the company, valued at approximately $7,147,150.40. This represents a 47.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of Robinhood Markets stock in a transaction dated Wednesday, December 3rd. The shares were 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 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. Over the last ninety days, insiders have sold 2,878,425 shares of company stock valued at $358,332,025. 14.47% of the stock is owned by company insiders.

About Robinhood Markets

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.