Moloney Securities Asset Management LLC Buys Shares of 4,332 Robinhood Markets, Inc. $HOOD

Moloney Securities Asset Management LLC bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,332 shares of the company’s stock, valued at approximately $406,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC boosted its stake in Robinhood Markets by 259.0% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 49,000 shares of the company’s stock valued at $4,588,000 after purchasing an additional 35,350 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Robinhood Markets by 21.1% in the 2nd quarter. Asset Management One Co. Ltd. now owns 280,687 shares of the company’s stock worth $26,281,000 after acquiring an additional 48,966 shares during the period. R Squared Ltd acquired a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $391,000. 180 Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $223,000. Finally, Carnegie Investment Counsel acquired a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $328,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Price Performance

HOOD stock opened at $139.79 on Friday. Robinhood Markets, Inc. has a 52-week low of $23.00 and a 52-week high of $153.86. The company’s 50 day simple moving average is $123.41 and its 200-day simple moving average is $92.70. The firm has a market capitalization of $124.23 billion, a P/E ratio of 70.96, a P/E/G ratio of 3.63 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (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 for the quarter, compared to analyst estimates of $893.93 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm’s revenue was up 45.0% compared to the same quarter last year. Sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HOOD shares. JMP Securities upped their price target on shares of Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a research note on Saturday. Mizuho upped their price target on shares of Robinhood Markets from $120.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. The Goldman Sachs Group upped 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. Finally, Cantor Fitzgerald increased their target price on shares of Robinhood Markets from $100.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Twelve 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 stock. According to data from MarketBeat, the stock 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, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $148.34, for a total value of $3,708,500.00. Following the transaction, the insider owned 565,949 shares in the company, valued at approximately $83,952,874.66. This represents a 4.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Baiju Bhatt sold 418,338 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $133.11, for a total transaction of $55,684,971.18. The disclosure for this sale can be found here. Insiders have sold 5,175,598 shares of company stock valued at $579,779,430 over the last three months. 14.47% of the stock is owned by insiders.

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.