Robinhood Markets, Inc. $HOOD Shares Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 180.7% during the third quarter, HoldingsChannel reports. The fund owned 18,377 shares of the company’s stock after buying an additional 11,829 shares during the period. Simplicity Wealth LLC’s holdings in Robinhood Markets were worth $2,631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its holdings in shares of Robinhood Markets by 113.6% during the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. North Star Investment Management Corp. lifted its position in Robinhood Markets by 44.9% in the third quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock valued at $37,000 after buying an additional 79 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after buying an additional 148 shares during the period. Smithfield Trust Co acquired a new stake in shares of Robinhood Markets during the second quarter valued at about $29,000. Finally, Security National Bank purchased a new stake in shares of Robinhood Markets in the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In related news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $121.59, for a total transaction of $713,003.76. Following the completion of the sale, the chief technology officer owned 14,997 shares in the company, valued at $1,823,485.23. The trade was a 28.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Baiju Bhatt sold 418,338 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $116.56, for a total value of $48,761,477.28. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 2,878,425 shares of company stock worth $358,332,025. 14.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on HOOD. CICC Research began coverage on shares of Robinhood Markets in a report on Monday, October 27th. They issued an “outperform” rating and a $155.00 target price for the company. Keefe, Bruyette & Woods boosted their price objective on Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. The Goldman Sachs Group restated a “buy” rating on shares of Robinhood Markets in a report on Monday, January 5th. Barclays dropped their price objective on shares of Robinhood Markets from $171.00 to $159.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, Truist Financial started coverage on shares of Robinhood Markets in a report on Wednesday, December 17th. They set a “buy” rating and a $155.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.62.

Robinhood Markets Trading Up 0.3%

Robinhood Markets stock opened at $106.25 on Friday. The company has a fifty day simple moving average of $119.26 and a 200-day simple moving average of $119.41. The stock has a market cap of $95.54 billion, a P/E ratio of 44.09, a price-to-earnings-growth ratio of 1.66 and a beta of 2.44. Robinhood Markets, Inc. has a 12-month low of $29.66 and a 12-month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.41 by $0.20. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.Robinhood Markets’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Robinhood Markets 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.