Robinhood Markets, Inc. $HOOD Shares Bought by Metavasi Capital LP

Metavasi Capital LP increased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 275.0% during the first quarter, Holdings Channel reports. The fund owned 75,000 shares of the company’s stock after acquiring an additional 55,000 shares during the quarter. Robinhood Markets makes up approximately 2.0% of Metavasi Capital LP’s investment portfolio, making the stock its 19th biggest position. Metavasi Capital LP’s holdings in Robinhood Markets were worth $3,122,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Whipplewood Advisors LLC grew its position in shares of Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock valued at $25,000 after purchasing an additional 508 shares during the period. Hemington Wealth Management boosted its stake in Robinhood Markets by 52.2% in the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after buying an additional 218 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in Robinhood Markets in the 1st quarter valued at about $30,000. CoreCap Advisors LLC increased its stake in shares of Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock valued at $31,000 after acquiring an additional 550 shares during the last quarter. Finally, Pandora Wealth Inc. acquired a new position in shares of Robinhood Markets during the 1st quarter valued at about $33,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $104.73, for a total transaction of $614,136.72. Following the sale, the chief technology officer directly owned 3,044 shares in the company, valued at approximately $318,798.12. This represents a 65.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Meyer Malka sold 1,093,288 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $103.87, for a total value of $113,559,824.56. Following the completion of the sale, the director directly owned 3,976,234 shares in the company, valued at approximately $413,011,425.58. This trade represents a 21.57% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,818,493 shares of company stock worth $570,818,204. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Up 0.3%

Shares of NASDAQ HOOD opened at $104.03 on Monday. The firm has a market cap of $92.45 billion, a PE ratio of 52.81, a price-to-earnings-growth ratio of 3.81 and a beta of 2.36. The business has a 50 day moving average price of $101.69 and a two-hundred day moving average price of $70.00. Robinhood Markets, Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $117.70.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $893.93 million. During the same quarter in the previous year, the firm earned $0.21 EPS. The company’s revenue was up 45.0% on a year-over-year basis. On average, analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HOOD. Cantor Fitzgerald raised their target price on shares of Robinhood Markets from $100.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. The Goldman Sachs Group lifted their price target on shares of Robinhood Markets from $91.00 to $104.00 and gave the company a “buy” rating in a report on Monday, July 7th. Morgan Stanley boosted their price objective on shares of Robinhood Markets from $43.00 to $110.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Compass Point increased their target price on Robinhood Markets from $64.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. Finally, Citigroup boosted their price target on Robinhood Markets from $100.00 to $120.00 and gave the company a “neutral” rating in a research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average price target of $100.31.

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.