Militia Capital Partners LP Lowers Position in Robinhood Markets, Inc. $HOOD

Militia Capital Partners LP cut its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 35.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,528 shares of the company’s stock after selling 8,992 shares during the quarter. Militia Capital Partners LP’s holdings in Robinhood Markets were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Robinhood Markets by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company’s stock valued at $3,089,914,000 after acquiring an additional 5,874,701 shares during the period. AGF Management Ltd. boosted its holdings in Robinhood Markets by 286.0% during the 1st quarter. AGF Management Ltd. now owns 5,743,715 shares of the company’s stock valued at $239,053,000 after acquiring an additional 4,255,862 shares during the period. Wealthquest Corp purchased a new position in Robinhood Markets during the 1st quarter valued at about $156,193,000. Southpoint Capital Advisors LP purchased a new position in Robinhood Markets during the 4th quarter valued at about $130,410,000. Finally, Polar Capital Holdings Plc purchased a new position in Robinhood Markets during the 4th quarter valued at about $125,252,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler assumed coverage on Robinhood Markets in a report on Wednesday. They set an “overweight” rating and a $120.00 target price for the company. KeyCorp raised their target price on Robinhood Markets from $60.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Morgan Stanley lifted their price objective on Robinhood Markets from $43.00 to $110.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods lifted their price objective on Robinhood Markets from $89.00 to $106.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $48.00 price objective (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. Eleven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $101.88.

Insider Buying and Selling at Robinhood Markets

In other news, Director Baiju Bhatt sold 418,338 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $109.39, for a total transaction of $45,761,993.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven M. Quirk sold 60,113 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $100.91, for a total value of $6,066,002.83. Following the sale, the insider directly owned 94,454 shares in the company, valued at $9,531,353.14. This trade represents a 38.89% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,355,381 shares of company stock worth $539,335,586. 14.47% of the stock is currently owned by corporate insiders.

Robinhood Markets Stock Performance

Shares of HOOD opened at $117.75 on Friday. Robinhood Markets, Inc. has a 1 year low of $20.67 and a 1 year high of $123.44. The stock has a market capitalization of $104.64 billion, a PE ratio of 59.77, a PEG ratio of 4.30 and a beta of 2.36. The stock has a 50-day simple moving average of $105.58 and a 200-day simple moving average of $72.98.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.12. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The business had revenue of $989.00 million for the quarter, compared to analyst estimates of $893.93 million. During the same quarter last year, the company earned $0.21 EPS. The business’s quarterly revenue was up 45.0% on a year-over-year basis. Analysts predict that Robinhood Markets, Inc. will post 1.35 EPS 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.