15,000 Shares in Robinhood Markets, Inc. $HOOD Bought by Value Star Asset Management Hong Kong Ltd

Value Star Asset Management Hong Kong Ltd acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 15,000 shares of the company’s stock, valued at approximately $2,148,000. Robinhood Markets accounts for approximately 4.4% of Value Star Asset Management Hong Kong Ltd’s investment portfolio, making the stock its 9th largest position.

Several other institutional investors have also added to or reduced their stakes in HOOD. Vanguard Group Inc. lifted its holdings in shares of Robinhood Markets by 24.9% in the third quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after purchasing an additional 18,824,923 shares in the last quarter. Norges Bank bought a new position in shares of Robinhood Markets during the second quarter worth about $973,122,000. Paradigm Operations LP acquired a new stake in Robinhood Markets in the 2nd quarter valued at approximately $308,979,000. Jennison Associates LLC bought a new stake in Robinhood Markets in the 3rd quarter valued at approximately $322,823,000. Finally, Invesco Ltd. boosted its position in Robinhood Markets by 81.0% during the 2nd quarter. Invesco Ltd. now owns 4,942,533 shares of the company’s stock worth $462,769,000 after acquiring an additional 2,212,487 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $132.26, for a total transaction of $775,704.90. Following the completion of the transaction, the chief technology officer directly owned 26,725 shares in the company, valued at $3,534,648.50. This represents a 18.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vladimir Tenev sold 375,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $121.63, for a total transaction of $45,611,250.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 706,413 shares of company stock worth $85,161,009. Insiders own 14.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on HOOD shares. Wolfe Research raised shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price objective on the stock in a research report on Monday, February 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Robinhood Markets in a research note on Monday, December 22nd. Needham & Company LLC reduced their price objective on shares of Robinhood Markets from $135.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Barclays lowered their target price on Robinhood Markets from $159.00 to $124.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Finally, Argus began coverage on Robinhood Markets in a report on Friday, January 9th. They set a “buy” rating and a $145.00 target price on the stock. Seventeen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $121.71.

Robinhood Markets Price Performance

HOOD traded up $1.89 on Friday, hitting $77.54. 3,654,909 shares of the stock were exchanged, compared to its average volume of 30,343,191. The firm has a market capitalization of $69.72 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 1.27 and a beta of 2.43. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86. The business has a 50-day moving average of $104.32 and a two-hundred day moving average of $117.37.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. Equities research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.