Robinhood Markets, Inc. $HOOD Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 7.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 407,737 shares of the company’s stock after purchasing an additional 29,880 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Robinhood Markets were worth $38,176,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Vision MN LLC boosted its position in shares of Robinhood Markets by 1.7% during the 2nd quarter. True Vision MN LLC now owns 6,858 shares of the company’s stock valued at $642,000 after acquiring an additional 116 shares during the last quarter. Forum Financial Management LP grew its stake in shares of Robinhood Markets by 0.8% in the 2nd quarter. Forum Financial Management LP now owns 17,997 shares of the company’s stock valued at $1,685,000 after buying an additional 134 shares during the period. Hemington Wealth Management increased its holdings in shares of Robinhood Markets by 22.5% during the 2nd quarter. Hemington Wealth Management now owns 779 shares of the company’s stock worth $72,000 after buying an additional 143 shares during the last quarter. Ballentine Partners LLC raised its position in shares of Robinhood Markets by 2.3% during 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 during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after acquiring an additional 148 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HOOD shares. Citizens Jmp lifted their target price on Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, November 7th. JMP Securities boosted their price objective on shares of Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a report on Thursday, October 9th. Keefe, Bruyette & Woods lifted their price target on shares of Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. KeyCorp boosted their price target on shares of Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Needham & Company LLC lifted their target price on shares of Robinhood Markets from $120.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.65.

Robinhood Markets Price Performance

HOOD opened at $122.50 on Friday. The business has a fifty day moving average price of $132.81 and a 200 day moving average price of $102.40. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86. The stock has a market capitalization of $110.15 billion, a price-to-earnings ratio of 50.83, a PEG ratio of 2.78 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data 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. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business posted $0.17 EPS. The business’s quarterly revenue was up 100.0% compared to the same quarter last year. On average, research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Baiju Bhatt sold 1,330,000 shares of Robinhood Markets stock in a transaction on Friday, November 7th. The shares were sold at an average price of $128.47, for a total transaction of $170,865,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $145.95, for a total value of $3,648,750.00. Following the completion of the transaction, the insider directly owned 540,949 shares in the company, valued at $78,951,506.55. This trade represents a 4.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 4,297,404 shares of company stock worth $529,026,559. 14.47% of the stock is currently 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.