Vinva Investment Management Ltd Has $1.98 Million Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Vinva Investment Management Ltd grew its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 151.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,041 shares of the company’s stock after buying an additional 50,066 shares during the period. Vinva Investment Management Ltd’s holdings in Robinhood Markets were worth $1,984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HOOD. HM Payson & Co. grew its stake in Robinhood Markets by 53.5% in the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after buying an additional 410 shares during the last quarter. Commerce Bank grew its position in shares of Robinhood Markets by 3.3% in the third quarter. Commerce Bank now owns 13,245 shares of the company’s stock valued at $310,000 after purchasing an additional 423 shares during the last quarter. Signaturefd LLC increased its stake in shares of Robinhood Markets by 16.5% during the third quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock worth $80,000 after purchasing an additional 487 shares during the period. Castleview Partners LLC lifted its holdings in Robinhood Markets by 18.2% during the 3rd quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock worth $89,000 after purchasing an additional 582 shares during the last quarter. Finally, Axxcess Wealth Management LLC boosted its stake in Robinhood Markets by 3.1% in the 3rd quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company’s stock valued at $463,000 after purchasing an additional 598 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Stock Down 0.3 %

Robinhood Markets stock opened at $37.54 on Friday. The stock has a market cap of $33.18 billion, a PE ratio of 63.63, a P/E/G ratio of 0.88 and a beta of 1.84. Robinhood Markets, Inc. has a 12-month low of $8.69 and a 12-month high of $39.74. The business’s 50-day moving average price is $28.14 and its two-hundred day moving average price is $23.49.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The company had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. Robinhood Markets’s revenue for the quarter was up 36.4% compared to the same quarter last year. As a group, analysts expect that Robinhood Markets, Inc. will post 0.74 earnings per share for the current year.

Insider Transactions at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $19.33, for a total transaction of $241,625.00. Following the sale, the insider now directly owns 1,045,068 shares in the company, valued at approximately $20,201,164.44. The trade was a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Baiju Bhatt sold 139,916 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $19.55, for a total transaction of $2,735,357.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,685,549 shares of company stock worth $114,953,194. Corporate insiders own 19.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Robinhood Markets from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. KeyCorp lifted their price objective on shares of Robinhood Markets from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Citigroup increased their target price on shares of Robinhood Markets from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. lifted their price target on shares of Robinhood Markets from $17.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein increased their price target on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average price target of $30.59.

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.