Schroder Investment Management Group Acquires 258,104 Shares of Robinhood Markets, Inc. $HOOD

Schroder Investment Management Group raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 94.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 531,746 shares of the company’s stock after acquiring an additional 258,104 shares during the quarter. Schroder Investment Management Group’s holdings in Robinhood Markets were worth $49,787,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HOOD. Hantz Financial Services Inc. grew its stake 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 purchasing an additional 148 shares during the last quarter. Smithfield Trust Co acquired a new position in Robinhood Markets during the 2nd quarter worth about $29,000. V Square Quantitative Management LLC acquired a new position in Robinhood Markets during the 2nd quarter worth about $36,000. LGT Financial Advisors LLC bought a new stake in shares of Robinhood Markets in the 2nd quarter valued at about $37,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Robinhood Markets in the second quarter valued at about $37,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Transactions at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $112.98, for a total transaction of $1,129,800.00. Following the transaction, the insider directly owned 530,949 shares of the company’s stock, valued at approximately $59,986,618.02. This represents a 1.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the stock in a transaction that occurred on 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 owned 6,088 shares in the company, valued at approximately $894,388.08. The trade was a 49.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,970,272 shares of company stock valued at $505,742,993. 19.95% of the stock is currently owned by corporate insiders.

Robinhood Markets Stock Up 0.3%

Shares of NASDAQ HOOD opened at $128.55 on Monday. The firm has a market cap of $115.59 billion, a PE ratio of 53.34, a P/E/G ratio of 2.89 and a beta of 2.43. The company’s fifty day simple moving average is $132.70 and its 200 day simple moving average is $107.69. Robinhood Markets, Inc. has a 12-month low of $29.66 and a 12-month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.20. The firm had revenue of $1.27 billion during 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 business’s revenue was up 100.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. On average, equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on HOOD shares. Dbs Bank raised Robinhood Markets to a “moderate buy” rating in a research note on Wednesday, November 12th. Loop Capital set a $161.00 price target on shares of Robinhood Markets in a report on Monday, October 27th. Mizuho boosted their price target on shares of Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. CICC Research began coverage on shares of Robinhood Markets in a research note on Monday, October 27th. They issued an “outperform” rating and a $155.00 price objective on the stock. Finally, Cantor Fitzgerald increased their price objective on shares of Robinhood Markets from $130.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.95.

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.