Robinhood Markets, Inc. $HOOD Shares Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. grew its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 33.3% during the second quarter, HoldingsChannel.com reports. The fund owned 8,000 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Robinhood Markets were worth $749,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HOOD. Principal Financial Group Inc. increased its holdings in Robinhood Markets by 124.0% in the 1st quarter. Principal Financial Group Inc. now owns 261,457 shares of the company’s stock valued at $10,882,000 after purchasing an additional 144,725 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Robinhood Markets in the first quarter valued at about $408,000. Envestnet Asset Management Inc. raised its holdings in shares of Robinhood Markets by 30.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 328,511 shares of the company’s stock valued at $13,673,000 after buying an additional 75,745 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Robinhood Markets by 184.4% during the 1st quarter. TD Private Client Wealth LLC now owns 1,829 shares of the company’s stock valued at $76,000 after buying an additional 1,186 shares during the period. Finally, M&T Bank Corp lifted its position in Robinhood Markets by 12.1% during the 1st quarter. M&T Bank Corp now owns 34,042 shares of the company’s stock worth $1,417,000 after acquiring an additional 3,663 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $130.36 on Friday. The stock has a market capitalization of $115.85 billion, a price-to-earnings ratio of 54.09, a PEG ratio of 3.22 and a beta of 2.42. Robinhood Markets, Inc. has a one year low of $29.21 and a one year high of $153.86. The company’s 50-day simple moving average is $130.11 and its 200-day simple moving average is $99.54.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.20. Robinhood Markets had a return on equity of 22.13% and a net margin of 52.19%.The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $0.17 earnings per share. Robinhood Markets’s quarterly revenue was up 100.0% on a year-over-year basis. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insiders Place Their Bets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total transaction of $104,797,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven M. Quirk sold 48,350 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $140.61, for a total transaction of $6,798,493.50. Following the sale, the insider directly owned 70,279 shares in the company, valued at $9,881,930.19. This trade represents a 40.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,385,742 shares of company stock worth $403,923,453. Corporate insiders own 14.47% of the company’s stock.

Analysts Set New Price Targets

HOOD has been the subject of several recent research reports. Cantor Fitzgerald increased their price objective on shares of Robinhood Markets from $130.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday. Mizuho raised their price target on shares of Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a report on Thursday. Barclays lifted their price target on shares of Robinhood Markets from $162.00 to $168.00 and gave the stock an “overweight” rating in a research note on Thursday. JMP Securities upped their price objective on shares of Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a research report on Thursday, October 9th. Finally, Citigroup lifted their target price on Robinhood Markets from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.65.

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.