12,315 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,315 shares of the company’s stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. HM Payson & Co. increased its holdings in shares of Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after purchasing an additional 410 shares during the last quarter. Signaturefd LLC increased its stake in shares of Robinhood Markets by 16.5% during the third quarter. Signaturefd LLC now owns 3,437 shares of the company’s stock worth $80,000 after purchasing an additional 487 shares during the period. Castleview Partners LLC boosted its stake in Robinhood Markets by 18.2% in the 3rd quarter. Castleview Partners LLC now owns 3,788 shares of the company’s stock valued at $89,000 after purchasing an additional 582 shares during the period. Axxcess Wealth Management LLC lifted its holdings in shares of Robinhood Markets by 3.1% during the third quarter. Axxcess Wealth Management LLC now owns 19,773 shares of the company’s stock worth $463,000 after buying an additional 598 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Robinhood Markets by 44.9% in the second quarter. GAMMA Investing LLC now owns 2,290 shares of the company’s stock valued at $52,000 after acquiring an additional 710 shares during the period. Institutional investors own 93.27% of the company’s stock.

Insider Activity

In other Robinhood Markets news, Director Meyer Malka sold 105,875 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $30.00, for a total transaction of $3,176,250.00. Following the transaction, the director now directly owns 28,930,243 shares in the company, valued at approximately $867,907,290. This represents a 0.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Baiju Bhatt sold 139,916 shares of Robinhood Markets stock in a transaction on Monday, September 9th. The shares were sold at an average price of $19.55, for a total transaction of $2,735,357.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,710,549 shares of company stock valued at $115,477,194. 19.95% of the stock is currently owned by corporate insiders.

Robinhood Markets Trading Up 0.3 %

HOOD stock opened at $32.32 on Friday. The firm has a 50-day moving average price of $25.47 and a 200-day moving average price of $22.29. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $34.32. The stock has a market capitalization of $28.57 billion, a P/E ratio of 54.78, a price-to-earnings-growth ratio of 0.76 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The business’s quarterly revenue was up 36.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.09) EPS. As a group, equities analysts predict that Robinhood Markets, Inc. will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

HOOD has been the topic of a number of recent research reports. The Goldman Sachs Group lowered their price target on shares of Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Robinhood Markets from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on Robinhood Markets from $17.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Needham & Company LLC restated a “hold” rating on shares of Robinhood Markets in a research note on Thursday, October 31st. Finally, Keefe, Bruyette & Woods cut their target price on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Robinhood Markets has an average rating of “Hold” and a consensus target price of $26.10.

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.