World Investment Advisors Buys 2,331 Shares of Robinhood Markets, Inc. $HOOD

World Investment Advisors grew its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 8.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,520 shares of the company’s stock after acquiring an additional 2,331 shares during the quarter. World Investment Advisors’ holdings in Robinhood Markets were worth $2,951,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. HighTower Advisors LLC grew its holdings in shares of Robinhood Markets by 6.4% in the first quarter. HighTower Advisors LLC now owns 50,264 shares of the company’s stock worth $2,092,000 after acquiring an additional 3,032 shares during the period. TD Private Client Wealth LLC boosted its position in Robinhood Markets by 184.4% in the first quarter. TD Private Client Wealth LLC now owns 1,829 shares of the company’s stock worth $76,000 after purchasing an additional 1,186 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Robinhood Markets by 3.1% during the 1st quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock valued at $677,000 after purchasing an additional 486 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Robinhood Markets by 125.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 19,201 shares of the company’s stock valued at $799,000 after purchasing an additional 10,703 shares during the period. Finally, Metavasi Capital LP grew its stake in shares of Robinhood Markets by 275.0% during the 1st quarter. Metavasi Capital LP now owns 75,000 shares of the company’s stock valued at $3,122,000 after purchasing an additional 55,000 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Stock Performance

HOOD opened at $138.07 on Friday. Robinhood Markets, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $153.86. The firm’s fifty day moving average is $126.23 and its 200 day moving average is $95.52. The stock has a market cap of $122.70 billion, a price-to-earnings ratio of 70.09, a price-to-earnings-growth ratio of 3.76 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The company had revenue of $989.00 million for the quarter, compared to analysts’ expectations of $893.93 million. During the same quarter in the previous year, the company earned $0.21 EPS. Robinhood Markets’s revenue for the quarter 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.

Insider Activity at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $104.23, for a total value of $2,605,750.00. Following the transaction, the insider directly owned 566,887 shares of the company’s stock, valued at approximately $59,086,632.01. The trade was a 4.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total value of $104,797,500.00. The SEC filing for this sale provides additional information. Insiders have sold 3,377,523 shares of company stock worth $400,284,076 in the last 90 days. Company insiders own 14.47% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the subject of a number of recent research reports. JMP Securities boosted their price target on Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on Robinhood Markets from $89.00 to $106.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Mizuho boosted their price target on Robinhood Markets from $120.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Finally, Citizens Jmp boosted their price target on Robinhood Markets from $130.00 to $170.00 and gave the company a “mkt outperform” rating in a research note on Thursday, October 9th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average target price of $122.85.

Robinhood Markets Company 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.