17,148 Shares in Robinhood Markets, Inc. $HOOD Bought by VestGen Advisors LLC

VestGen Advisors LLC bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 17,148 shares of the company’s stock, valued at approximately $1,606,000.

Several other large investors also recently modified their holdings of HOOD. Hantz Financial Services Inc. lifted its holdings in shares of Robinhood Markets by 120.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after purchasing an additional 148 shares in the last quarter. Smithfield Trust Co acquired a new stake in Robinhood Markets during the 2nd quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new position in Robinhood Markets in the second quarter valued at approximately $36,000. LGT Financial Advisors LLC acquired a new position in shares of Robinhood Markets in the second quarter valued at approximately $37,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Robinhood Markets during the second quarter worth $37,000. 93.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total value of $104,797,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Baiju Bhatt sold 1,330,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $128.47, for a total transaction of $170,865,100.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,020,272 shares of company stock valued at $511,809,493 over the last three months. Corporate insiders own 14.47% of the company’s stock.

Analyst Ratings Changes

HOOD has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Morgan Stanley boosted their price target on Robinhood Markets from $110.00 to $146.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Dbs Bank raised Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Mizuho lifted their target price on Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, Citizens Jmp boosted their target price on Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.95.

Robinhood Markets Stock Performance

HOOD opened at $123.24 on Tuesday. Robinhood Markets, Inc. has a 52-week low of $29.66 and a 52-week high of $153.86. The firm has a market capitalization of $110.82 billion, a PE ratio of 51.14, a PEG ratio of 2.89 and a beta of 2.42. The business’s 50-day simple moving average is $132.67 and its 200 day simple moving average is $108.13.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The business’s revenue was up 100.0% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. On average, research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

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.