Aviva PLC Has $51.22 Million Position in Robinhood Markets, Inc. $HOOD

Aviva PLC raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 29.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 547,077 shares of the company’s stock after acquiring an additional 125,619 shares during the quarter. Aviva PLC owned about 0.06% of Robinhood Markets worth $51,223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. True Vision MN LLC grew its stake in shares of Robinhood Markets by 1.7% during the second quarter. True Vision MN LLC now owns 6,858 shares of the company’s stock worth $642,000 after purchasing an additional 116 shares during the period. Forum Financial Management LP lifted its stake in Robinhood Markets by 0.8% in the second quarter. Forum Financial Management LP now owns 17,997 shares of the company’s stock valued at $1,685,000 after buying an additional 134 shares during the period. Hemington Wealth Management boosted its holdings in Robinhood Markets by 22.5% during the second quarter. Hemington Wealth Management now owns 779 shares of the company’s stock worth $72,000 after buying an additional 143 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Robinhood Markets by 2.3% during the second quarter. Ballentine Partners LLC now owns 6,624 shares of the company’s stock worth $620,000 after buying an additional 148 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Robinhood Markets by 120.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after buying an additional 148 shares during the period. Institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Meyer Malka sold 1,093,288 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were 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 owned 3,976,234 shares in the company, valued at $413,011,425.58. The trade was a 21.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,385,742 shares of company stock valued at $403,923,453 in the last 90 days. 14.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HOOD. Keefe, Bruyette & Woods increased their price target on shares of Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a research note on Wednesday, October 8th. Citizens Jmp increased their target price on shares of Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a report on Friday. Loop Capital set a $161.00 price target on shares of Robinhood Markets in a research report on Monday, October 27th. Finally, KeyCorp boosted their price target on shares of Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus price target of $132.65.

Robinhood Markets Stock Up 2.6%

Shares of HOOD stock opened at $130.36 on Friday. The company has a market capitalization of $115.85 billion, a price-to-earnings ratio of 54.09, a P/E/G ratio of 3.31 and a beta of 2.42. Robinhood Markets, Inc. has a 12-month low of $29.21 and a 12-month high of $153.86. The firm has a fifty day moving average of $130.11 and a 200-day moving average of $99.94.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 22.13%. The company’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 EPS. On average, equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

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.