Maven Securities LTD Takes $224,000 Position in Robinhood Markets, Inc. $HOOD

Maven Securities LTD purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,394 shares of the company’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GeoWealth Management LLC purchased a new stake in Robinhood Markets during the 4th quarter valued at $53,000. First Trust Advisors LP increased its position in Robinhood Markets by 35.9% during the fourth quarter. First Trust Advisors LP now owns 964,836 shares of the company’s stock valued at $35,950,000 after acquiring an additional 254,817 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Robinhood Markets by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 11,806 shares of the company’s stock valued at $440,000 after acquiring an additional 171 shares during the period. MML Investors Services LLC boosted its position in Robinhood Markets by 4.3% in the fourth quarter. MML Investors Services LLC now owns 54,052 shares of the company’s stock worth $2,014,000 after purchasing an additional 2,213 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Robinhood Markets by 218.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 28,141 shares of the company’s stock valued at $1,049,000 after purchasing an additional 19,294 shares during the period. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

HOOD opened at $105.34 on Thursday. The stock has a market cap of $93.61 billion, a price-to-earnings ratio of 53.47, a price-to-earnings-growth ratio of 3.94 and a beta of 2.36. The firm’s fifty day moving average is $97.50 and its 200 day moving average is $67.34. Robinhood Markets, Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $117.70.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The business had revenue of $989.00 million for the quarter, compared to analysts’ expectations of $893.93 million. During the same period last year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 45.0% on a year-over-year basis. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on HOOD. JPMorgan Chase & Co. upped their price target on shares of Robinhood Markets from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Morgan Stanley upped their target price on shares of Robinhood Markets from $43.00 to $110.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft lifted 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. The Goldman Sachs Group boosted their price objective on shares of Robinhood Markets from $91.00 to $104.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Finally, Barclays raised their target price on Robinhood Markets from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $100.31.

Insider Activity at Robinhood Markets

In other news, CEO Vladimir Tenev sold 385,485 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $101.90, for a total transaction of $39,280,921.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $104.23, for a total transaction of $2,605,750.00. Following the completion of the transaction, the insider directly owned 566,887 shares in the company, valued at $59,086,632.01. This trade represents a 4.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,644,685 shares of company stock worth $448,881,884 in the last three months. Corporate insiders own 14.47% of the company’s stock.

Robinhood Markets 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.