Amalgamated Bank Acquires 5,182 Shares of Robinhood Markets, Inc. $HOOD

Amalgamated Bank grew its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 14.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 40,886 shares of the company’s stock after acquiring an additional 5,182 shares during the period. Amalgamated Bank’s holdings in Robinhood Markets were worth $3,828,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Robinhood Markets by 8.6% during the first quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company’s stock worth $3,089,914,000 after buying an additional 5,874,701 shares during the last quarter. WCM Investment Management LLC raised its stake in Robinhood Markets by 3,615.7% during the second quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock worth $1,081,910,000 after buying an additional 11,244,182 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Robinhood Markets during the second quarter worth $951,479,000. AGF Management Ltd. raised its stake in Robinhood Markets by 286.0% during the first quarter. AGF Management Ltd. now owns 5,743,715 shares of the company’s stock worth $239,053,000 after buying an additional 4,255,862 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Robinhood Markets by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,851,352 shares of the company’s stock worth $201,913,000 after buying an additional 131,620 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Insider Activity at Robinhood Markets

In related news, Director Baiju Bhatt sold 418,338 shares of the business’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $133.11, for a total transaction of $55,684,971.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven M. Quirk sold 60,113 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the transaction, the insider owned 94,454 shares in the company, valued at approximately $9,531,353.14. This trade represents a 38.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,352,523 shares of company stock valued at $397,678,326 over the last quarter. 19.95% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HOOD shares. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research note on Wednesday, October 8th. CICC Research assumed coverage on shares of Robinhood Markets in a research note on Monday, October 27th. They set an “outperform” rating and a $155.00 target price for the company. Zacks Research downgraded shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their price target on shares of Robinhood Markets from $89.00 to $106.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Finally, Compass Point reaffirmed a “buy” rating on shares of Robinhood Markets in a research note on Monday, October 27th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.10.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $146.78 on Monday. The firm has a 50-day moving average of $126.98 and a 200-day moving average of $96.99. The company has a market cap of $130.44 billion, a PE ratio of 74.51, a PEG ratio of 3.81 and a beta of 2.42. Robinhood Markets, Inc. has a one year low of $23.00 and a one year high of $153.86.

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.