Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Purchased by Quest Partners LLC

Quest Partners LLC grew its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 1,008.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,086 shares of the company's stock after buying an additional 13,725 shares during the quarter. Quest Partners LLC's holdings in Robinhood Markets were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. HM Payson & Co. grew its holdings in shares of Robinhood Markets by 53.5% during the third quarter. HM Payson & Co. now owns 1,176 shares of the company's stock valued at $28,000 after buying an additional 410 shares during the last quarter. Eastern Bank purchased a new stake in Robinhood Markets in the third quarter worth approximately $30,000. ORG Wealth Partners LLC purchased a new stake in Robinhood Markets in the third quarter worth approximately $33,000. ORG Partners LLC purchased a new stake in Robinhood Markets in the second quarter worth approximately $33,000. Finally, International Assets Investment Management LLC purchased a new stake in Robinhood Markets in the second quarter worth approximately $40,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Meyer Malka sold 105,875 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $30.00, for a total transaction of $3,176,250.00. Following the completion of the transaction, the director now directly owns 28,930,243 shares in the company, valued at approximately $867,907,290. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.33, for a total transaction of $241,625.00. Following the completion of the sale, the insider now owns 1,045,068 shares of the company's stock, valued at $20,201,164.44. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,685,549 shares of company stock worth $114,953,194. 19.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JMP Securities raised their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a "market outperform" rating in a report on Tuesday, November 12th. Piper Sandler raised their price objective on shares of Robinhood Markets from $30.00 to $36.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. The Goldman Sachs Group dropped their price objective on shares of Robinhood Markets from $25.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Robinhood Markets from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Robinhood Markets from $23.00 to $22.00 and set a "market perform" rating for the company in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.59.

Robinhood Markets Stock Up 6.6 %

NASDAQ HOOD opened at $39.08 on Monday. The firm has a market cap of $34.55 billion, a PE ratio of 62.12, a price-to-earnings-growth ratio of 0.85 and a beta of 1.84. The company has a 50 day moving average price of $26.96 and a 200 day moving average price of $23.00. Robinhood Markets, Inc. has a 52 week low of $8.21 and a 52 week high of $39.08.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The company had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. During the same quarter in the previous year, the company posted ($0.09) EPS. The company's revenue for the quarter was up 36.4% compared to the same quarter last year. On average, equities research analysts anticipate that Robinhood Markets, Inc. will post 0.74 earnings per share for the current fiscal 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.