Good Life Advisors LLC Buys Shares of 4,489 Robinhood Markets, Inc. $HOOD

Good Life Advisors LLC purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,489 shares of the company’s stock, valued at approximately $420,000.

Several other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake in Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after purchasing an additional 148 shares during the last quarter. Hemington Wealth Management lifted 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 last quarter. Smithfield Trust Co acquired a new stake in Robinhood Markets in the second quarter valued at about $29,000. Pandora Wealth Inc. bought a new position in Robinhood Markets in the first quarter valued at about $33,000. Finally, V Square Quantitative Management LLC acquired a new position in Robinhood Markets during the second quarter worth about $36,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analysts Set New Price Targets

HOOD has been the topic of several research reports. Citizens Jmp lifted their price target on shares of Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a report on Friday, November 7th. Cantor Fitzgerald raised their target price on shares of Robinhood Markets from $130.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Citigroup boosted their target price on shares of Robinhood Markets from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. KeyCorp upped their price target on shares of Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Keefe, Bruyette & Woods raised their price objective on Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.65.

Robinhood Markets Trading Up 0.8%

Shares of HOOD opened at $122.50 on Friday. The stock’s 50-day moving average price is $132.81 and its two-hundred day moving average price is $102.40. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86. The company has a market capitalization of $110.15 billion, a PE ratio of 50.83, a PEG ratio of 2.78 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.41 by $0.20. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The firm’s revenue was up 100.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. Equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total transaction of $104,797,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $146.91, for a total value of $861,480.24. Following the completion of the transaction, the chief technology officer directly owned 6,088 shares of the company’s stock, valued at approximately $894,388.08. This trade represents a 49.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 4,297,404 shares of company stock valued at $529,026,559. 14.47% of the stock is owned by corporate insiders.

About Robinhood Markets

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.