Robinhood Markets, Inc. $HOOD is Kera Capital Partners Inc.’s 7th Largest Position

Kera Capital Partners Inc. raised its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,721 shares of the company’s stock after acquiring an additional 4,258 shares during the quarter. Robinhood Markets makes up 2.4% of Kera Capital Partners Inc.’s holdings, making the stock its 7th biggest position. Kera Capital Partners Inc.’s holdings in Robinhood Markets were worth $16,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Robinhood Markets by 1.8% during the second quarter. Vanguard Group Inc. now owns 75,612,131 shares of the company’s stock valued at $7,079,564,000 after purchasing an additional 1,371,051 shares during the period. State Street Corp raised its stake in shares of Robinhood Markets by 9.2% in the second quarter. State Street Corp now owns 15,870,421 shares of the company’s stock valued at $1,485,948,000 after buying an additional 1,341,204 shares during the period. Geode Capital Management LLC lifted its position in shares of Robinhood Markets by 4.0% during the 2nd quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company’s stock valued at $1,233,840,000 after buying an additional 507,926 shares during the last quarter. WCM Investment Management LLC grew its stake in shares of Robinhood Markets by 3,615.7% during the 2nd quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock worth $1,081,910,000 after acquiring an additional 11,244,182 shares during the period. Finally, Norges Bank purchased a new stake in Robinhood Markets in the 2nd quarter worth about $973,122,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HOOD shares. CICC Research initiated coverage on shares of Robinhood Markets in a research report on Monday, October 27th. They set an “outperform” rating and a $155.00 target price for the company. Compass Point restated a “buy” rating on shares of Robinhood Markets in a research note on Monday, October 27th. Mizuho lifted their target price on Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Argus initiated coverage on shares of Robinhood Markets in a report on Friday, January 9th. They issued a “buy” rating and a $145.00 price target on the stock. Finally, Morgan Stanley boosted their price objective on shares of Robinhood Markets from $146.00 to $147.00 and gave the company an “equal weight” rating in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $136.62.

Insider Buying and Selling at Robinhood Markets

In other news, Director Baiju Bhatt sold 418,338 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $116.56, for a total value of $48,761,477.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $121.58, for a total value of $1,215,800.00. Following the sale, the insider owned 403,612 shares of the company’s stock, valued at $49,071,146.96. This represents a 2.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 3,296,763 shares of company stock valued at $414,016,996. 19.95% of the stock is currently owned by insiders.

Robinhood Markets Trading Up 2.3%

Shares of Robinhood Markets stock opened at $120.24 on Wednesday. The business’s 50-day moving average price is $122.39 and its 200-day moving average price is $119.02. The firm has a market capitalization of $108.12 billion, a PE ratio of 49.89, a price-to-earnings-growth ratio of 1.78 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 issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business earned $0.17 earnings per share. The business’s quarterly revenue was up 100.0% on a year-over-year basis. As a group, analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Robinhood Markets Company 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.