Quantum Financial Advisors LLC Makes New $353,000 Investment in Robinhood Markets, Inc. $HOOD

Quantum Financial Advisors LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,771 shares of the company’s stock, valued at approximately $353,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC grew its stake in Robinhood Markets by 564.4% in the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock worth $25,000 after acquiring an additional 508 shares during the period. Hemington Wealth Management boosted its holdings in shares of Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Robinhood Markets during the first quarter worth $30,000. Pandora Wealth Inc. purchased a new stake in shares of Robinhood Markets in the first quarter valued at $33,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Robinhood Markets by 139.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company’s stock valued at $36,000 after purchasing an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

Shares of HOOD opened at $124.78 on Friday. Robinhood Markets, Inc. has a one year low of $22.05 and a one year high of $125.18. The stock has a 50-day moving average price of $108.40 and a 200 day moving average price of $76.11. The company has a market capitalization of $110.89 billion, a P/E ratio of 63.34, a P/E/G ratio of 4.62 and a beta of 2.36.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Morgan Stanley raised their price target on Robinhood Markets from $43.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Mizuho raised their target price on shares of Robinhood Markets from $120.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Barclays boosted their target price on shares of Robinhood Markets from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. KeyCorp lifted their price target on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Finally, Cantor Fitzgerald upped their price objective on Robinhood Markets from $100.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Eleven investment 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. Based on data from MarketBeat, Robinhood Markets currently has an average rating of “Moderate Buy” and an average price target of $101.88.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 60,113 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the transaction, the insider directly owned 94,454 shares in the company, valued at $9,531,353.14. This represents a 38.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Meyer Malka sold 1,093,288 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $103.87, for a total transaction of $113,559,824.56. Following the transaction, the director directly owned 3,976,234 shares of the company’s stock, valued at approximately $413,011,425.58. This represents a 21.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,767,855 shares of company stock valued at $588,837,174 over the last ninety days. 14.47% of the stock is currently owned by corporate insiders.

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.