Yousif Capital Management LLC Acquires 70,541 Shares of Robinhood Markets, Inc. $HOOD

Yousif Capital Management LLC boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 744.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 80,014 shares of the company’s stock after buying an additional 70,541 shares during the period. Yousif Capital Management LLC’s holdings in Robinhood Markets were worth $11,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HOOD. American Century Companies Inc. grew its holdings in Robinhood Markets by 18.8% during the first quarter. American Century Companies Inc. now owns 108,053 shares of the company’s stock valued at $4,497,000 after purchasing an additional 17,131 shares during the last quarter. Wellington Management Group LLP raised its position in Robinhood Markets by 3.1% in the first quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock worth $677,000 after purchasing an additional 486 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Robinhood Markets by 213.6% in the 1st quarter. Kestra Advisory Services LLC now owns 58,421 shares of the company’s stock worth $2,431,000 after buying an additional 39,792 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Robinhood Markets by 14.5% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 117,075 shares of the company’s stock worth $4,873,000 after acquiring an additional 14,832 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Robinhood Markets by 144.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 6,597 shares of the company’s stock worth $277,000 after purchasing an additional 3,900 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling

In other news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $122.39, for a total transaction of $717,694.96. Following the transaction, the chief technology officer directly owned 20,861 shares in the company, valued at $2,553,177.79. The trade was a 21.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $132.13, for a total transaction of $15,855,600.00. Following the completion of the sale, the insider directly owned 430,012 shares in the company, valued at approximately $56,817,485.56. The trade was a 21.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,686,763 shares of company stock worth $475,848,059. 19.95% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HOOD shares. Barclays lifted their price objective on Robinhood Markets from $168.00 to $171.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Mizuho increased their price objective on shares of Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Citizens Jmp increased their target price on Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a research note on Friday, November 7th. Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Finally, Truist Financial started coverage on Robinhood Markets in a research report on Wednesday, December 17th. They issued a “buy” rating and a $155.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $137.30.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $120.24 on Wednesday. The business has a 50-day moving average of $128.53 and a 200-day moving average of $114.79. The stock has a market capitalization of $108.12 billion, a price-to-earnings ratio of 49.89, a PEG ratio of 2.23 and a beta of 2.43. Robinhood Markets, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $153.86.

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 the consensus estimate of $0.41 by $0.20. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.Robinhood Markets’s revenue was up 100.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current 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.