Sierra Capital LLC Takes Position in Robinhood Markets, Inc. $HOOD

Sierra Capital LLC purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,917 shares of the company’s stock, valued at approximately $648,000.

Other institutional investors also recently bought and sold shares of the company. Westpac Banking Corp purchased a new position in shares of Robinhood Markets during the 2nd quarter valued at approximately $234,000. Carlyle Group Inc. acquired a new position in shares of Robinhood Markets during the 2nd quarter worth about $234,000. Rockefeller Capital Management L.P. raised its position in shares of Robinhood Markets by 255.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 137,909 shares of the company’s stock worth $12,912,000 after purchasing an additional 99,098 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in Robinhood Markets by 526.3% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 36,778 shares of the company’s stock valued at $3,444,000 after buying an additional 30,906 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in Robinhood Markets in the 2nd quarter worth about $8,103,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction dated Monday, November 3rd. The shares were 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 in the company, valued at $78,951,506.55. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the company’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 transaction of $104,797,500.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 4,297,404 shares of company stock worth $529,026,559. 14.47% of the stock is currently owned by corporate insiders.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $122.50 on Monday. The company has a market capitalization of $110.15 billion, a P/E ratio of 50.83, a P/E/G ratio of 2.80 and a beta of 2.42. The company has a 50 day simple moving average of $132.81 and a 200-day simple moving average of $103.15. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The firm’s quarterly revenue was up 100.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. As a group, research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Zacks Research cut Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Cantor Fitzgerald boosted their price target on Robinhood Markets from $130.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Morgan Stanley increased their price objective on Robinhood Markets from $110.00 to $146.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Needham & Company LLC lifted their target price on shares of Robinhood Markets from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Finally, Dbs Bank upgraded Robinhood Markets to a “moderate buy” rating in a report on Wednesday, November 12th. Fifteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.