AGP Franklin LLC Has $2.14 Million Stock Position in Robinhood Markets, Inc. $HOOD

AGP Franklin LLC lowered its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 52.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,958 shares of the company’s stock after selling 16,664 shares during the period. AGP Franklin LLC’s holdings in Robinhood Markets were worth $2,142,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating on shares of Robinhood Markets in a research report on Monday, January 5th. Barclays dropped their price target on Robinhood Markets from $171.00 to $159.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Keefe, Bruyette & Woods upped their price objective on shares of Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Needham & Company LLC decreased their target price on shares of Robinhood Markets from $145.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Robinhood Markets in a research report on Monday, December 22nd. 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 issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.62.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $105.24 on Wednesday. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86. The company has a market cap of $94.63 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 1.67 and a beta of 2.44. The firm has a 50 day simple moving average of $118.59 and a 200 day simple moving average of $119.98.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. 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 prior year, the business earned $0.17 earnings per share. The company’s revenue for the quarter was up 100.0% compared to the same quarter last year. As a group, analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Activity

In other Robinhood Markets news, Director Baiju Bhatt sold 418,338 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven M. Quirk sold 49,942 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were 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 of the company’s stock, valued at $7,147,150.40. The trade was a 47.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,872,561 shares of company stock valued at $357,470,545. 19.95% of the stock is currently owned by company insiders.

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.