Aspiriant LLC Takes $985,000 Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Aspiriant LLC purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 42,072 shares of the company's stock, valued at approximately $985,000.

Other hedge funds have also added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in Robinhood Markets in the 3rd quarter valued at $33,000. ORG Partners LLC acquired a new position in Robinhood Markets in the 2nd quarter valued at $33,000. Allspring Global Investments Holdings LLC acquired a new position in Robinhood Markets in the 1st quarter valued at $34,000. International Assets Investment Management LLC acquired a new position in Robinhood Markets in the 2nd quarter valued at $40,000. Finally, Opal Wealth Advisors LLC acquired a new position in Robinhood Markets in the 2nd quarter valued at $45,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HOOD has been the topic of several recent analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $27.00 price target on shares of Robinhood Markets in a research note on Tuesday, October 8th. Morgan Stanley lifted their price target on Robinhood Markets from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Thursday. JMP Securities reiterated a "market outperform" rating and issued a $30.00 price target on shares of Robinhood Markets in a research note on Thursday, August 8th. Needham & Company LLC reiterated a "hold" rating on shares of Robinhood Markets in a research note on Thursday, August 8th. Finally, Citigroup lifted their price target on Robinhood Markets from $19.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, September 27th. One equities 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $24.43.

Robinhood Markets Stock Up 1.9 %

Shares of NASDAQ HOOD traded up $0.51 during trading on Friday, reaching $26.83. The company had a trading volume of 10,704,969 shares, compared to its average volume of 15,494,145. The company's fifty day moving average price is $22.03 and its 200-day moving average price is $20.83. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $27.33. The stock has a market cap of $23.58 billion, a P/E ratio of 178.87 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.05. Robinhood Markets had a return on equity of 4.25% and a net margin of 12.96%. The firm had revenue of $682.00 million for the quarter, compared to analyst estimates of $640.39 million. During the same quarter in the previous year, the company posted $0.03 EPS. The business's revenue was up 40.3% on a year-over-year basis. As a group, equities analysts predict that Robinhood Markets, Inc. will post 0.76 earnings per share for the current year.

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 dated Monday, August 5th. The stock was sold at an average price of $16.05, for a total value of $4,012,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Vladimir Tenev sold 250,000 shares of the business's stock in a transaction dated Monday, August 5th. The stock was 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 SEC, which can be accessed through this link. Also, insider Steven M. Quirk sold 208,291 shares of the business's stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $24.98, for a total value of $5,203,109.18. Following the completion of the transaction, the insider now directly owns 346,020 shares in the company, valued at $8,643,579.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,541,250 shares of company stock worth $107,643,767. Insiders own 19.95% of the company's stock.

Robinhood Markets Company 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.