UniSuper Management Pty Ltd Boosts Position in Robinhood Markets, Inc. $HOOD

UniSuper Management Pty Ltd boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 383.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,365 shares of the company’s stock after purchasing an additional 49,465 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Robinhood Markets were worth $8,929,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Robinhood Markets by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 75,612,131 shares of the company’s stock worth $7,079,564,000 after acquiring an additional 1,371,051 shares in the last quarter. State Street Corp grew its holdings in shares of Robinhood Markets by 9.2% during the second quarter. State Street Corp now owns 15,870,421 shares of the company’s stock worth $1,485,948,000 after purchasing an additional 1,341,204 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Robinhood Markets by 4.0% during the second quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company’s stock worth $1,233,840,000 after purchasing an additional 507,926 shares during the last quarter. WCM Investment Management LLC lifted its holdings in shares of Robinhood Markets by 3,615.7% in the 2nd 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 last quarter. Finally, Norges Bank acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at about $973,122,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock opened at $106.99 on Friday. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86. The company has a market cap of $96.20 billion, a P/E ratio of 44.39, a PEG ratio of 1.68 and a beta of 2.44. The firm has a fifty day moving average of $118.95 and a two-hundred day moving average of $119.70.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates 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 business posted $0.17 earnings per share. As a group, equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on HOOD shares. Citizens Jmp lifted their price target on Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a research report on Friday, November 7th. JMP Securities lifted their target price 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. Truist Financial assumed coverage on shares of Robinhood Markets in a research note on Wednesday, December 17th. They set a “buy” rating and a $155.00 price target for the company. Compass Point reissued a “buy” rating on shares of Robinhood Markets in a research report on Monday, October 27th. Finally, Morgan Stanley upped their target price on shares of Robinhood Markets from $146.00 to $147.00 and gave the company an “equal weight” rating in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.62.

Insiders Place Their Bets

In related news, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total transaction of $15,855,600.00. Following the transaction, the insider owned 430,012 shares of the company’s stock, valued at $56,817,485.56. This represents a 21.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $121.63, for a total value of $45,611,250.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 2,878,425 shares of company stock worth $358,332,025. Company insiders own 14.47% of the company’s stock.

About Robinhood Markets

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.