Checchi Capital Advisers LLC Buys Shares of 4,980 Robinhood Markets, Inc. $HOOD

Checchi Capital Advisers LLC purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, HoldingsChannel reports. The firm purchased 4,980 shares of the company’s stock, valued at approximately $466,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hemington Wealth Management lifted its position 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 buying an additional 218 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Robinhood Markets during the first quarter valued at about $30,000. Pandora Wealth Inc. purchased a new stake in shares of Robinhood Markets in the 1st quarter valued at approximately $33,000. V Square Quantitative Management LLC acquired a new position in shares of Robinhood Markets in the 2nd quarter worth approximately $36,000. Finally, Colonial Trust Advisors lifted its holdings in shares of Robinhood Markets by 125.0% in the 1st quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock worth $37,000 after acquiring an additional 500 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 60,113 shares of the stock in a transaction that occurred on 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 directly owned 94,454 shares of the company’s stock, valued at approximately $9,531,353.14. This represents a 38.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Baiju Bhatt sold 418,338 shares of Robinhood Markets stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $119.42, for a total transaction of $49,957,923.96. The disclosure for this sale can be found here. Insiders have sold 5,650,598 shares of company stock valued at $613,676,575 over the last quarter. Insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

HOOD opened at $144.26 on Tuesday. The business has a fifty day moving average price of $115.20 and a 200 day moving average price of $83.57. Robinhood Markets, Inc. has a 12 month low of $22.72 and a 12 month high of $153.86. The stock has a market capitalization of $128.20 billion, a price-to-earnings ratio of 73.23, a PEG ratio of 4.13 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. The company had revenue of $989.00 million for the quarter, compared to analyst estimates of $893.93 million. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.During the same quarter last year, the company earned $0.21 EPS. Robinhood Markets’s revenue for the quarter was up 45.0% 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.

Analysts Set New Price Targets

Several analysts recently weighed in on HOOD shares. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a report on Saturday, September 27th. Citigroup increased their target price on Robinhood Markets from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Barclays lifted their target price on Robinhood Markets from $102.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Robinhood Markets from $70.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.59.

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.