Machina Capital S.A.S. Takes Position in Robinhood Markets, Inc. $HOOD

Machina Capital S.A.S. purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, Holdings Channel.com reports. The firm purchased 6,694 shares of the company’s stock, valued at approximately $627,000.

Other hedge funds have also recently made changes to their positions in the company. Hantz Financial Services Inc. grew its position 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. V Square Quantitative Management LLC purchased a new position in shares of Robinhood Markets during the 2nd quarter valued at $36,000. LGT Financial Advisors LLC purchased a new position in shares of Robinhood Markets during the 2nd quarter valued at $37,000. REAP Financial Group LLC grew its position in shares of Robinhood Markets by 44.1% during the 2nd quarter. REAP Financial Group LLC now owns 523 shares of the company’s stock valued at $49,000 after purchasing an additional 160 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Robinhood Markets during the 2nd quarter valued at $56,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Stock Up 0.2%

NASDAQ HOOD opened at $147.08 on Tuesday. The company has a 50-day simple moving average of $127.76 and a two-hundred day simple moving average of $97.74. Robinhood Markets, Inc. has a 12-month low of $23.54 and a 12-month high of $153.86. The firm has a market cap of $130.71 billion, a price-to-earnings ratio of 74.66, a PEG ratio of 3.81 and a beta of 2.42.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HOOD shares. KeyCorp upped their target price on shares of Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup upped their target price on shares of Robinhood Markets from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Mizuho upped their target price on shares of Robinhood Markets from $120.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Loop Capital set a $161.00 target price on shares of Robinhood Markets in a research report on Monday, October 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a research report on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average target price of $125.10.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company’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 sale, the insider directly owned 565,949 shares in the company, valued at $83,952,874.66. This represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steven M. Quirk sold 60,113 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the sale, the insider owned 94,454 shares of the company’s stock, valued at approximately $9,531,353.14. The trade was a 38.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 3,312,392 shares of company stock valued at $393,476,209. 19.95% of the stock is currently owned by insiders.

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.