2,532 Shares in Robinhood Markets, Inc. $HOOD Purchased by Inceptionr LLC

Inceptionr LLC purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,532 shares of the company’s stock, valued at approximately $237,000.

Other hedge funds also recently modified their holdings of the company. WCM Investment Management LLC increased its position in shares of Robinhood Markets by 3,615.7% during the second quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock valued at $1,081,910,000 after purchasing an additional 11,244,182 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Robinhood Markets in the 2nd quarter valued at $951,479,000. Vanguard Group Inc. increased its holdings in Robinhood Markets by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company’s stock valued at $3,089,914,000 after buying an additional 5,874,701 shares during the period. AGF Management Ltd. raised its stake in shares of Robinhood Markets by 286.0% in the 1st quarter. AGF Management Ltd. now owns 5,743,715 shares of the company’s stock valued at $239,053,000 after buying an additional 4,255,862 shares in the last quarter. Finally, Altimeter Capital Management LP bought a new position in shares of Robinhood Markets during the 1st quarter worth about $120,103,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Trading Up 0.3%

NASDAQ:HOOD opened at $128.55 on Friday. The stock has a market capitalization of $115.59 billion, a P/E ratio of 53.34, a price-to-earnings-growth ratio of 2.89 and a beta of 2.42. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86. The firm has a 50 day moving average of $132.70 and a 200-day moving average of $107.37.

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

Wall Street Analysts Forecast Growth

HOOD has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Robinhood Markets in a research report on Wednesday, November 19th. CICC Research initiated coverage on Robinhood Markets in a report on Monday, October 27th. They set an “outperform” rating and a $155.00 price objective on the stock. Piper Sandler reissued an “overweight” rating on shares of Robinhood Markets in a report on Wednesday. Mizuho raised their target price on Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, Loop Capital set a $161.00 price target on Robinhood Markets in a research report on Monday, October 27th. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and an average price target of $136.95.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 1,330,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $128.47, for a total transaction of $170,865,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total transaction of $104,797,500.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,970,272 shares of company stock worth $505,742,993. 14.47% of the stock is owned by insiders.

Robinhood Markets Company 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.