Opinicus Capital Inc. Makes New $212,000 Investment in Robinhood Markets, Inc. $HOOD

Opinicus Capital Inc. purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,260 shares of the company’s stock, valued at approximately $212,000.

Several other large investors have also made changes to their positions in HOOD. Hantz Financial Services Inc. increased its position in shares of Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after acquiring an additional 148 shares in the last quarter. Hemington Wealth Management raised 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. Smithfield Trust Co acquired a new position in shares of Robinhood Markets in the 2nd quarter worth approximately $29,000. Pandora Wealth Inc. acquired a new stake in shares of Robinhood Markets during the first quarter worth $33,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $36,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HOOD. Barclays increased their target price on shares of Robinhood Markets from $162.00 to $168.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Bank of America boosted their target price on Robinhood Markets from $139.00 to $157.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Morgan Stanley lifted their price target on Robinhood Markets from $110.00 to $146.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. Citigroup boosted their price objective on Robinhood Markets from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Finally, The Goldman Sachs Group raised their target price on Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus target price of $132.65.

Insider Buying and Selling

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm’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 transaction of $3,708,500.00. Following the completion of the sale, the insider directly owned 565,949 shares in the company, valued at approximately $83,952,874.66. This trade represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven M. Quirk sold 60,113 shares of Robinhood Markets stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $100.91, for a total value of $6,066,002.83. Following the sale, the insider owned 94,454 shares of the company’s stock, valued at approximately $9,531,353.14. This represents a 38.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,297,404 shares of company stock worth $529,026,559 over the last ninety days. 14.47% of the stock is currently owned by corporate insiders.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $122.50 on Friday. Robinhood Markets, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $153.86. The firm’s 50 day simple moving average is $132.81 and its 200-day simple moving average is $102.40. The company has a market cap of $110.15 billion, a P/E ratio of 50.83, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.20. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The company’s revenue was up 100.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 EPS. On average, analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

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.