Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,600 shares of the company’s stock, valued at approximately $97,000.
Several other institutional investors have also added to or reduced their stakes in HOOD. Russell Investments Group Ltd. lifted its stake in shares of Robinhood Markets by 1,732.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 291,748 shares of the company’s stock valued at $2,912,000 after purchasing an additional 275,826 shares during the last quarter. Partners Group Holding AG purchased a new position in shares of Robinhood Markets in the 2nd quarter valued at $1,354,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Robinhood Markets by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,388,237 shares of the company’s stock valued at $43,795,000 after acquiring an additional 73,257 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Robinhood Markets by 25.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,465,150 shares of the company’s stock valued at $34,582,000 after acquiring an additional 705,304 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Robinhood Markets in the 2nd quarter valued at $1,428,000. Hedge funds and other institutional investors own 58.98% of the company’s stock.
Insider Buying and Selling at Robinhood Markets
In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $10.76, for a total transaction of $134,500.00. Following the sale, the insider now owns 661,665 shares of the company’s stock, valued at approximately $7,119,515.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Baiju Bhatt sold 106,319 shares of Robinhood Markets stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $8.31, for a total value of $883,510.89. Following the completion of the transaction, the insider now owns 296,105 shares in the company, valued at approximately $2,460,632.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $10.76, for a total value of $134,500.00. Following the completion of the sale, the insider now directly owns 661,665 shares in the company, valued at $7,119,515.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 606,175 shares of company stock valued at $5,865,744. 20.81% of the stock is owned by company insiders.
Analyst Ratings Changes
Robinhood Markets Stock Performance
Robinhood Markets stock opened at $8.10 on Friday. The business’s 50-day simple moving average is $9.45 and its two-hundred day simple moving average is $10.04. The company has a market cap of $7.38 billion, a PE ratio of -9.88 and a beta of 1.33. Robinhood Markets, Inc. has a fifty-two week low of $7.57 and a fifty-two week high of $13.23.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last posted its quarterly earnings results on Tuesday, November 7th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $467.00 million for the quarter, compared to the consensus estimate of $479.51 million. Robinhood Markets had a negative return on equity of 10.62% and a negative net margin of 41.54%. The company’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.20) EPS. As a group, analysts predict that Robinhood Markets, Inc. will post -0.64 EPS for the current fiscal year.
Robinhood Markets Company Profile
Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company provides various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is an online collection of beginners' guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and Dow Jones; Snacks, an accessible digest of business news stories for new generation of investors.
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