Chicago Partners Investment Group LLC Invests $371,000 in Robinhood Markets, Inc. $HOOD

Chicago Partners Investment Group LLC bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, Holdings Channel.com reports. The fund bought 3,631 shares of the company’s stock, valued at approximately $371,000.

A number of other large investors have also modified their holdings of HOOD. GAMMA Investing LLC grew its holdings in shares of Robinhood Markets by 40.2% during the first quarter. GAMMA Investing LLC now owns 8,210 shares of the company’s stock worth $342,000 after buying an additional 2,352 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Robinhood Markets by 36.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,537 shares of the company’s stock worth $480,000 after buying an additional 3,107 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Robinhood Markets by 28.6% in the first quarter. Blue Trust Inc. now owns 1,998 shares of the company’s stock valued at $83,000 after purchasing an additional 444 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Robinhood Markets by 43.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 79,193 shares of the company’s stock valued at $3,296,000 after purchasing an additional 24,075 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Robinhood Markets by 490.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 43,228 shares of the company’s stock valued at $1,799,000 after purchasing an additional 35,903 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

HOOD has been the subject of a number of analyst reports. Compass Point upped their price objective on shares of Robinhood Markets from $64.00 to $96.00 and gave the company a “buy” rating in a report on Friday, June 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a report on Wednesday, October 8th. The Goldman Sachs Group upped their price objective on shares of Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Barclays upped their price objective on shares of Robinhood Markets from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Robinhood Markets from $89.00 to $106.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.94.

Insider Buying and Selling at Robinhood Markets

In other news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total transaction of $104,797,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Baiju Bhatt sold 418,338 shares of the stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $133.11, for a total transaction of $55,684,971.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,175,598 shares of company stock valued at $579,779,430. Corporate insiders own 14.47% of the company’s stock.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $134.33 on Friday. The firm’s 50-day moving average is $122.90 and its two-hundred day moving average is $91.56. Robinhood Markets, Inc. has a 12 month low of $23.00 and a 12 month high of $153.86. The stock has a market capitalization of $119.38 billion, a P/E ratio of 68.19, a PEG ratio of 3.30 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The company had revenue of $989.00 million for the quarter, compared to analysts’ expectations of $893.93 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. Robinhood Markets’s revenue for the quarter was up 45.0% compared to the same quarter last year. As a group, analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

About Robinhood Markets

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.