Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Bought by SRN Advisors LLC

SRN Advisors LLC increased its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 83.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,722 shares of the company's stock after purchasing an additional 44,583 shares during the quarter. Robinhood Markets makes up 2.0% of SRN Advisors LLC's holdings, making the stock its 8th largest position. SRN Advisors LLC's holdings in Robinhood Markets were worth $2,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings 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 buying an additional 1,003,535 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Robinhood Markets by 37.7% in the second quarter. Renaissance Technologies LLC now owns 7,651,700 shares of the company's stock valued at $173,770,000 after acquiring an additional 2,094,800 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Robinhood Markets by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,075,468 shares of the company's stock worth $92,549,000 after purchasing an additional 112,967 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings 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 purchasing an additional 3,817,355 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Robinhood Markets by 8.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,410,791 shares of the company's stock worth $54,749,000 after purchasing an additional 193,585 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Price Performance

NASDAQ:HOOD traded down $0.16 during trading hours on Friday, reaching $27.06. The company had a trading volume of 8,752,240 shares, compared to its average volume of 13,739,776. Robinhood Markets, Inc. has a 1-year low of $7.91 and a 1-year high of $27.75. The business's 50 day moving average price is $22.84 and its 200-day moving average price is $21.15. The firm has a market cap of $23.78 billion, a PE ratio of 180.40 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.05. The firm had revenue of $682.00 million for the quarter, compared to the consensus estimate of $640.39 million. Robinhood Markets had a net margin of 12.96% and a return on equity of 4.25%. The firm's quarterly revenue was up 40.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 earnings per share. On average, analysts expect that Robinhood Markets, Inc. will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HOOD has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Robinhood Markets from $24.00 to $27.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Piper Sandler increased their price objective on shares of Robinhood Markets from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Citigroup boosted their target price on shares of Robinhood Markets from $19.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, September 27th. Barclays raised their price target on shares of Robinhood Markets from $20.00 to $23.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Robinhood Markets from $17.00 to $21.00 and gave the company an "underweight" rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $24.97.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 98,404 shares of the firm's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $26.40, for a total value of $2,597,865.60. Following the sale, the director now directly owns 2,521 shares of the company's stock, valued at approximately $66,554.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $19.33, for a total value of $241,625.00. Following the sale, the insider now directly owns 1,045,068 shares in the company, valued at approximately $20,201,164.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 98,404 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $26.40, for a total value of $2,597,865.60. Following the transaction, the director now directly owns 2,521 shares of the company's stock, valued at $66,554.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,639,654 shares of company stock valued at $110,241,632 in the last ninety days. 19.95% of the stock is currently owned by corporate insiders.

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.