Stonehage Fleming Financial Services Holdings Ltd Purchases Shares of 9,600 Robinhood Markets, Inc. (NASDAQ:HOOD)

Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) 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

HOOD has been the topic of a number of analyst reports. Mizuho cut their price target on Robinhood Markets from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Morgan Stanley dropped their target price on Robinhood Markets from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Piper Sandler dropped their target price on Robinhood Markets from $11.50 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 8th. Citigroup boosted their target price on Robinhood Markets from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Finally, KeyCorp boosted their target price on Robinhood Markets from $12.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Robinhood Markets currently has a consensus rating of “Hold” and a consensus target price of $12.75.

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) 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.