True Vision MN LLC Purchases 116 Shares of Robinhood Markets, Inc. $HOOD

True Vision MN LLC lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 1.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,858 shares of the company’s stock after purchasing an additional 116 shares during the period. True Vision MN LLC’s holdings in Robinhood Markets were worth $642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ballentine Partners LLC boosted its holdings in Robinhood Markets by 2.3% in the second quarter. Ballentine Partners LLC now owns 6,624 shares of the company’s stock valued at $620,000 after acquiring an additional 148 shares in the last quarter. Cigna Investments Inc. New boosted its holdings in Robinhood Markets by 2.7% in the first quarter. Cigna Investments Inc. New now owns 6,730 shares of the company’s stock valued at $280,000 after acquiring an additional 174 shares in the last quarter. Hemington Wealth Management boosted its holdings in Robinhood Markets by 52.2% in the first quarter. Hemington Wealth Management now owns 636 shares of the company’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Robinhood Markets by 4.0% in the first quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company’s stock valued at $290,000 after acquiring an additional 265 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Robinhood Markets by 23.4% in the first quarter. Allworth Financial LP now owns 1,401 shares of the company’s stock valued at $58,000 after acquiring an additional 266 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling

In other news, Director Baiju Bhatt sold 1,568,421 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $99.98, for a total transaction of $156,810,731.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 225,000 shares of the firm’s stock in a transaction on 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 owned 591,887 shares of the company’s stock, valued at $59,170,943.39. The trade was a 27.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,650,598 shares of company stock valued at $613,676,575 over the last ninety days. Insiders own 19.95% of the company’s stock.

Robinhood Markets Trading Down 3.0%

Shares of Robinhood Markets stock opened at $144.26 on Tuesday. The firm has a market capitalization of $128.20 billion, a P/E ratio of 73.23, a P/E/G ratio of 4.13 and a beta of 2.42. The business has a fifty day simple moving average of $115.20 and a two-hundred day simple moving average of $83.57. Robinhood Markets, Inc. has a 12 month low of $22.72 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.30 by $0.12. The business had revenue of $989.00 million during the quarter, compared to analyst estimates of $893.93 million. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The company’s revenue for the quarter was up 45.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. Analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HOOD shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Robinhood Markets from $70.00 to $85.00 and gave the company a “buy” rating in a report on Monday, June 9th. Bank of America lifted their price target on shares of Robinhood Markets from $139.00 to $157.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. JMP Securities lifted their price target on shares of Robinhood Markets from $125.00 to $130.00 and gave the company a “market outperform” rating in a report on Thursday, July 31st. Citigroup lifted their price target on shares of Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Finally, Cantor Fitzgerald raised their price objective on Robinhood Markets from $100.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.59.

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.