Vicus Capital Takes Position in Robinhood Markets, Inc. $HOOD

Vicus Capital acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,786 shares of the company’s stock, valued at approximately $972,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WCM Investment Management LLC grew its holdings in 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. Norges Bank acquired a new position in shares of Robinhood Markets during the second quarter valued at about $973,122,000. Kingstone Capital Partners Texas LLC acquired a new stake in Robinhood Markets in the second quarter valued at approximately $951,479,000. Paradigm Operations LP bought a new stake in shares of Robinhood Markets during the second quarter valued at approximately $308,979,000. Finally, Invesco Ltd. increased its holdings in shares of Robinhood Markets by 81.0% during the second quarter. Invesco Ltd. now owns 4,942,533 shares of the company’s stock valued at $462,769,000 after acquiring an additional 2,212,487 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

HOOD opened at $115.27 on Monday. Robinhood Markets, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $153.86. The firm has a 50-day moving average of $123.32 and a 200 day moving average of $118.53. The firm has a market cap of $103.65 billion, a P/E ratio of 47.83, a PEG ratio of 1.75 and a beta of 2.44.

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

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $121.63, for a total transaction of $45,611,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Baiju Bhatt sold 1,330,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was 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. Insiders have sold a total of 3,296,763 shares of company stock valued at $414,016,996 over the last 90 days. 19.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on HOOD. JMP Securities upped their price objective on shares of Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a report on Thursday, October 9th. Citizens Jmp raised their price target on shares of Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, November 7th. Zacks Research lowered Robinhood Markets from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Truist Financial initiated coverage on Robinhood Markets in a research note on Wednesday, December 17th. They issued a “buy” rating and a $155.00 price objective for the company. Finally, Dbs Bank upgraded Robinhood Markets to a “moderate buy” rating in a report on Wednesday, November 12th. 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 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 a consensus price target of $136.62.

About Robinhood Markets

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.