RHL Group LLC Takes $1.36 Million Position in Robinhood Markets, Inc. $HOOD

RHL Group LLC bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,980 shares of the company’s stock, valued at approximately $1,355,000. Robinhood Markets makes up 1.1% of RHL Group LLC’s holdings, making the stock its 13th largest position.

A number of other hedge funds have also recently modified their holdings of the business. Hantz Financial Services Inc. boosted its holdings in shares of Robinhood Markets by 224.9% during the 4th quarter. Hantz Financial Services Inc. now owns 1,082 shares of the company’s stock valued at $122,000 after buying an additional 749 shares in the last quarter. Praxis Capital Management LLC bought a new stake in shares of Robinhood Markets during the 4th quarter valued at $226,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Robinhood Markets during the 4th quarter valued at $582,000. Prospera Financial Services Inc boosted its holdings in shares of Robinhood Markets by 7.7% during the 4th quarter. Prospera Financial Services Inc now owns 18,665 shares of the company’s stock valued at $2,111,000 after buying an additional 1,328 shares in the last quarter. Finally, Boundless Plain Holdings Ltd bought a new stake in shares of Robinhood Markets during the 4th quarter valued at $7,847,000. Institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other Robinhood Markets news, insider Steven M. Quirk sold 8,540 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $84.93, for a total value of $725,302.20. Following the completion of the transaction, the insider owned 53,183 shares of the company’s stock, valued at approximately $4,516,832.19. The trade was a 13.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $69.85, for a total value of $407,574.75. Following the completion of the transaction, the chief technology officer directly owned 18,006 shares of the company’s stock, valued at approximately $1,257,719.10. This trade represents a 24.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 560,765 shares of company stock worth $40,946,840 in the last quarter. Insiders own 14.47% of the company’s stock.

Robinhood Markets Price Performance

HOOD opened at $73.64 on Monday. The stock has a 50-day moving average price of $76.11 and a 200-day moving average price of $96.12. The firm has a market cap of $66.31 billion, a PE ratio of 35.58, a P/E/G ratio of 2.39 and a beta of 2.29. Robinhood Markets, Inc. has a 1 year low of $62.63 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.Robinhood Markets’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. As a group, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.95 EPS for the current year.

Analysts Set New Price Targets

HOOD has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $110.00 target price on shares of Robinhood Markets in a report on Wednesday, April 29th. Mizuho boosted their target price on shares of Robinhood Markets from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Argus lowered their price target on Robinhood Markets from $102.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Jefferies Financial Group lowered their price target on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Eighteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.88.

Robinhood Markets Profile

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.