Creative Planning Has $9.38 Million Stake in Robinhood Markets, Inc. $HOOD

Creative Planning lifted its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 39.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,214 shares of the company’s stock after acquiring an additional 28,195 shares during the period. Creative Planning’s holdings in Robinhood Markets were worth $9,383,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. raised its position in shares of Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after purchasing an additional 148 shares during the period. Smithfield Trust Co bought a new position in Robinhood Markets in the 2nd quarter worth $29,000. V Square Quantitative Management LLC acquired a new position in Robinhood Markets during the 2nd quarter worth $36,000. LGT Financial Advisors LLC bought a new stake in Robinhood Markets during the second quarter valued at about $37,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Robinhood Markets in the second quarter valued at about $37,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $114.30 on Wednesday. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86. The stock has a fifty day moving average price of $132.70 and a 200 day moving average price of $104.10. The stock has a market cap of $102.78 billion, a P/E ratio of 47.43, a price-to-earnings-growth ratio of 2.59 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The business’s revenue was up 100.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 EPS. Equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $148.34, for a total transaction of $3,708,500.00. Following the completion of the transaction, the insider owned 565,949 shares in the company, valued at $83,952,874.66. This trade represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Baiju Bhatt sold 1,330,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $128.47, for a total value of $170,865,100.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,297,404 shares of company stock valued at $529,026,559. Corporate insiders own 19.95% of the company’s stock.

Analyst Ratings Changes

HOOD has been the subject of several recent analyst reports. KeyCorp increased their target price on Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Compass Point reissued a “buy” rating on shares of Robinhood Markets in a research report on Monday, October 27th. Loop Capital set a $161.00 target price on shares of Robinhood Markets in a research report on Monday, October 27th. Bank of America raised their price target on shares of Robinhood Markets from $139.00 to $157.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Fifteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus target price of $132.65.

Robinhood Markets 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.