Signaturefd LLC Buys 487 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Signaturefd LLC increased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 16.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,437 shares of the company’s stock after acquiring an additional 487 shares during the period. Signaturefd LLC’s holdings in Robinhood Markets were worth $80,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Toth Financial Advisory Corp boosted its position in shares of Robinhood Markets by 36.2% during the 3rd quarter. Toth Financial Advisory Corp now owns 41,400 shares of the company’s stock valued at $970,000 after acquiring an additional 11,000 shares in the last quarter. Castleview Partners LLC boosted its position in shares of Robinhood Markets by 18.2% during the 3rd quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock valued at $89,000 after acquiring an additional 582 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Robinhood Markets by 1,211,858.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company’s stock valued at $89,410,000 after acquiring an additional 3,817,355 shares in the last quarter. Raymond James & Associates boosted its position in shares of Robinhood Markets by 76.6% during the 3rd quarter. Raymond James & Associates now owns 99,278 shares of the company’s stock valued at $2,325,000 after acquiring an additional 43,075 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Robinhood Markets by 183.6% during the 3rd quarter. Blue Trust Inc. now owns 22,938 shares of the company’s stock valued at $521,000 after acquiring an additional 14,849 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HOOD shares. Citigroup boosted their price target on shares of Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. JMP Securities restated a “market outperform” rating and issued a $30.00 price target on shares of Robinhood Markets in a research report on Thursday, August 8th. Keefe, Bruyette & Woods reduced their price target on shares of Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group boosted their price target on shares of Robinhood Markets from $22.50 to $25.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Robinhood Markets from $17.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $24.97.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $16.05, for a total value of $4,012,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Baiju Bhatt sold 143,944 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $18.73, for a total value of $2,696,071.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $16.05, for a total transaction of $4,012,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,639,654 shares of company stock valued at $110,241,632. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

HOOD opened at $28.03 on Wednesday. The company has a market cap of $24.63 billion, a price-to-earnings ratio of 186.87 and a beta of 1.84. The firm has a 50 day simple moving average of $23.16 and a 200 day simple moving average of $21.29. Robinhood Markets, Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $28.36.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. Robinhood Markets had a net margin of 12.96% and a return on equity of 4.25%. The firm had revenue of $682.00 million during the quarter, compared to the consensus estimate of $640.39 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 40.3% on a year-over-year basis. As a group, analysts expect that Robinhood Markets, Inc. will post 0.74 EPS for the current year.

About Robinhood Markets

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.