Titleist Asset Management LLC Purchases 1,412 Shares of Robinhood Markets, Inc. $HOOD

Titleist Asset Management LLC increased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 6.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,304 shares of the company’s stock after acquiring an additional 1,412 shares during the quarter. Titleist Asset Management LLC’s holdings in Robinhood Markets were worth $2,182,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Kestra Private Wealth Services LLC bought a new stake in shares of Robinhood Markets in the 1st quarter valued at about $357,000. IFP Advisors Inc increased its holdings in Robinhood Markets by 57.3% during the first quarter. IFP Advisors Inc now owns 6,915 shares of the company’s stock valued at $288,000 after buying an additional 2,519 shares during the period. Choreo LLC raised its stake in Robinhood Markets by 40.6% in the first quarter. Choreo LLC now owns 10,618 shares of the company’s stock worth $442,000 after buying an additional 3,065 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Robinhood Markets by 130.7% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 302,469 shares of the company’s stock worth $12,589,000 after buying an additional 171,335 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new stake in Robinhood Markets during the first quarter worth $385,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $107.30 on Friday. The stock has a 50-day moving average of $132.32 and a two-hundred day moving average of $105.01. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86. The stock has a market cap of $96.48 billion, a PE ratio of 44.52, a price-to-earnings-growth ratio of 2.41 and a beta of 2.42.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on HOOD shares. JMP Securities lifted their price target on Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a report on Thursday, October 9th. CICC Research started coverage on Robinhood Markets in a research report on Monday, October 27th. They set an “outperform” rating and a $155.00 price objective on the stock. Barclays boosted their target price on shares of Robinhood Markets from $162.00 to $168.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Loop Capital set a $161.00 price target on shares of Robinhood Markets in a research report on Monday, October 27th. Finally, Needham & Company LLC raised their price target on shares of Robinhood Markets from $120.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average price target of $136.95.

Insider Activity at Robinhood Markets

In other news, Director Baiju Bhatt sold 418,338 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $116.56, for a total transaction of $48,761,477.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $146.91, for a total value of $861,480.24. Following the completion of the transaction, the chief technology officer owned 6,088 shares of the company’s stock, valued at $894,388.08. This trade represents a 49.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,134,080 shares of company stock worth $626,549,514 in the last 90 days. 14.47% of the stock is owned by insiders.

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.