Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co boosted its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 24.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,035 shares of the company’s stock after buying an additional 8,930 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Robinhood Markets were worth $1,045,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Robinhood Markets by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock valued at $1,143,960,000 after acquiring an additional 1,003,535 shares during the period. Banque Cantonale Vaudoise raised its position in Robinhood Markets by 21,404.0% in the first quarter. Banque Cantonale Vaudoise now owns 96,768 shares of the company’s stock valued at $1,948,000 after purchasing an additional 96,318 shares during the period. UniSuper Management Pty Ltd lifted its stake in Robinhood Markets by 87.1% during the first quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock worth $117,000 after purchasing an additional 2,700 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Robinhood Markets during the fourth quarter worth $8,299,000. Finally, O Neil Global Advisors Inc. acquired a new stake in shares of Robinhood Markets in the second quarter valued at $2,298,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the subject of a number of research analyst reports. Barclays upgraded Robinhood Markets from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $18.00 to $20.00 in a report on Friday, September 6th. The Goldman Sachs Group upped their target price on shares of Robinhood Markets from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. KeyCorp increased their target price on shares of Robinhood Markets from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Piper Sandler boosted their price target on shares of Robinhood Markets from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded Robinhood Markets from a “hold” rating to a “buy” rating and increased their price objective for the company from $21.00 to $24.00 in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Hold” and an average price target of $23.10.

Robinhood Markets Trading Down 0.4 %

Shares of Robinhood Markets stock opened at $22.73 on Friday. The company has a fifty day simple moving average of $20.58 and a 200-day simple moving average of $19.91. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $24.88. The stock has a market cap of $19.98 billion, a price-to-earnings ratio of 151.53 and a beta of 1.82.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. Robinhood Markets had a return on equity of 4.25% and a net margin of 12.96%. The company had revenue of $682.00 million for the quarter, compared to analyst estimates of $640.39 million. During the same quarter last year, the company posted $0.03 earnings per share. The business’s quarterly revenue was up 40.3% compared to the same quarter last year. On average, analysts forecast that Robinhood Markets, Inc. will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Baiju Bhatt sold 139,916 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $19.55, for a total value of $2,735,357.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $19.26, for a total transaction of $4,815,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Baiju Bhatt sold 139,916 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $19.55, for a total value of $2,735,357.80. The disclosure for this sale can be found here. Insiders have sold 1,204,096 shares of company stock worth $23,603,793 in the last quarter. 19.95% of the stock is owned by insiders.

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.