Callan Family Office LLC Takes Position in Robinhood Markets, Inc. $HOOD

Callan Family Office LLC acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 12,291 shares of the company’s stock, valued at approximately $1,151,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Vision MN LLC grew its position in Robinhood Markets by 1.7% during the 2nd quarter. True Vision MN LLC now owns 6,858 shares of the company’s stock worth $642,000 after purchasing an additional 116 shares during the period. Ballentine Partners LLC lifted its stake in Robinhood Markets by 2.3% in the 2nd quarter. Ballentine Partners LLC now owns 6,624 shares of the company’s stock valued at $620,000 after buying an additional 148 shares in the last quarter. REAP Financial Group LLC lifted its stake in Robinhood Markets by 44.1% in the 2nd quarter. REAP Financial Group LLC now owns 523 shares of the company’s stock worth $49,000 after purchasing an additional 160 shares in the last quarter. Cigna Investments Inc. New lifted its stake in Robinhood Markets by 2.7% in the 1st quarter. Cigna Investments Inc. New now owns 6,730 shares of the company’s stock worth $280,000 after purchasing an additional 174 shares in the last quarter. Finally, Hemington Wealth Management lifted its stake in Robinhood Markets by 52.2% in the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on HOOD. KeyCorp lifted their price target on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. JMP Securities lifted their target price on shares of Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a report on Thursday. Citigroup lifted their target price 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. Citizens Jmp boosted their price target on shares of Robinhood Markets from $130.00 to $170.00 and gave the stock a “mkt outperform” rating in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on shares of Robinhood Markets from $134.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $118.94.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 1,568,421 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $99.98, for a total transaction of $156,810,731.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Meyer Malka sold 1,093,288 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $103.87, for a total transaction of $113,559,824.56. Following the transaction, the director owned 3,976,234 shares in the company, valued at $413,011,425.58. The trade was a 21.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,566,947 shares of company stock valued at $606,609,792. Insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $138.96 on Monday. The company has a 50-day simple moving average of $118.70 and a 200-day simple moving average of $86.38. Robinhood Markets, Inc. has a one year low of $23.00 and a one year high of $153.86. The stock has a market capitalization of $123.49 billion, a price-to-earnings ratio of 70.54, a PEG ratio of 3.77 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The business had revenue of $989.00 million during the quarter, compared to analysts’ expectations of $893.93 million. During the same period in the prior year, the company earned $0.21 earnings per share. The business’s revenue was up 45.0% compared to the same quarter last year. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Robinhood Markets 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.