SBI Securities Co. Ltd. Raises Stake in Robinhood Markets, Inc. $HOOD

SBI Securities Co. Ltd. increased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 61.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,178 shares of the company’s stock after acquiring an additional 29,432 shares during the period. SBI Securities Co. Ltd.’s holdings in Robinhood Markets were worth $7,226,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HOOD. Hantz Financial Services Inc. boosted its position in shares of Robinhood Markets by 120.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after purchasing an additional 148 shares in the last quarter. Hemington Wealth Management grew its stake in shares of Robinhood Markets by 52.2% in the first quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after acquiring an additional 218 shares during the last quarter. Pandora Wealth Inc. bought a new position in shares of Robinhood Markets during the first quarter valued at $33,000. V Square Quantitative Management LLC bought a new position in Robinhood Markets in the 2nd quarter worth about $36,000. Finally, Colonial Trust Advisors grew its position in Robinhood Markets by 125.0% during the 1st quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Trading Down 2.9%

Shares of HOOD stock opened at $131.93 on Wednesday. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86. The stock has a market cap of $117.24 billion, a P/E ratio of 54.74, a P/E/G ratio of 3.17 and a beta of 2.42. The company has a 50 day simple moving average of $131.37 and a two-hundred day simple moving average of $101.53.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company posted $0.17 EPS. The company’s revenue was up 100.0% compared to the same quarter last year. As a group, equities analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HOOD shares. CICC Research began coverage on shares of Robinhood Markets in a research note on Monday, October 27th. They issued an “outperform” rating and a $155.00 target price on the stock. Zacks Research downgraded Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Bank of America raised their price target on shares of Robinhood Markets from $139.00 to $157.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Barclays boosted their price objective on shares of Robinhood Markets from $162.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, Loop Capital set a $161.00 target price on shares of Robinhood Markets in a research report on Monday, October 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and a consensus target price of $132.65.

Insider Buying and Selling at Robinhood Markets

In related news, Director Baiju Bhatt sold 1,330,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $128.47, for a total transaction of $170,865,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $145.95, for a total transaction of $3,648,750.00. Following the completion of the sale, the insider directly owned 540,949 shares of the company’s stock, valued at $78,951,506.55. This represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,715,742 shares of company stock valued at $574,788,553 in the last ninety days. 19.95% of the stock is currently owned by company insiders.

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.