Senator Investment Group LP Has $62.21 Million Position in Robinhood Markets, Inc. $HOOD

Senator Investment Group LP decreased its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 16.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,494,819 shares of the company’s stock after selling 287,186 shares during the quarter. Robinhood Markets comprises approximately 3.3% of Senator Investment Group LP’s investment portfolio, making the stock its 7th largest holding. Senator Investment Group LP’s holdings in Robinhood Markets were worth $62,214,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC grew its position in shares of Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock worth $25,000 after buying an additional 508 shares during the period. Hemington Wealth Management grew its position in shares of Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after buying an additional 218 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Robinhood Markets during the 1st quarter worth approximately $30,000. Pandora Wealth Inc. acquired a new stake in shares of Robinhood Markets during the 1st quarter worth approximately $33,000. Finally, CoreCap Advisors LLC grew its position in Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock valued at $31,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Price Performance

HOOD opened at $115.02 on Tuesday. The company has a market capitalization of $102.21 billion, a price-to-earnings ratio of 58.39, a P/E/G ratio of 4.35 and a beta of 2.36. The firm’s fifty day moving average price is $96.19 and its two-hundred day moving average price is $66.79. Robinhood Markets, Inc. has a 1 year low of $18.71 and a 1 year high of $117.70.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. The company had revenue of $989.00 million for the quarter, compared to the consensus estimate of $893.93 million. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The firm’s quarterly revenue was up 45.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. As a group, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

HOOD has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Robinhood Markets from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, June 9th. JMP Securities boosted their price target on shares of Robinhood Markets from $125.00 to $130.00 and gave the company a “market outperform” rating in a research note on Thursday, July 31st. Needham & Company LLC boosted their price target on shares of Robinhood Markets from $71.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Citigroup boosted their price target on shares of Robinhood Markets from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Finally, KeyCorp boosted their price target on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $100.31.

Insider Activity at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 225,000 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $99.97, for a total value of $22,493,250.00. Following the transaction, the insider directly owned 591,887 shares of the company’s stock, valued at approximately $59,170,943.39. The trade was a 27.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven M. Quirk sold 104,887 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $70.14, for a total transaction of $7,356,774.18. Following the completion of the transaction, the insider directly owned 228,621 shares in the company, valued at $16,035,476.94. This trade represents a 31.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,644,685 shares of company stock valued at $448,881,884 over the last quarter. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets Company Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.