19,556 Shares in Robinhood Markets, Inc. $HOOD Bought by D.A. Davidson & CO.

D.A. Davidson & CO. acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,556 shares of the company’s stock, valued at approximately $1,831,000.

Other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in Robinhood Markets by 6.4% in the first quarter. HighTower Advisors LLC now owns 50,264 shares of the company’s stock valued at $2,092,000 after buying an additional 3,032 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in Robinhood Markets by 184.4% in the first quarter. TD Private Client Wealth LLC now owns 1,829 shares of the company’s stock valued at $76,000 after buying an additional 1,186 shares during the last quarter. Wellington Management Group LLP lifted its stake in Robinhood Markets by 3.1% in the first quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock valued at $677,000 after buying an additional 486 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Robinhood Markets by 125.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 19,201 shares of the company’s stock valued at $799,000 after buying an additional 10,703 shares during the last quarter. Finally, Metavasi Capital LP lifted its stake in Robinhood Markets by 275.0% in the first quarter. Metavasi Capital LP now owns 75,000 shares of the company’s stock valued at $3,122,000 after buying an additional 55,000 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. KeyCorp raised their target price on Robinhood Markets from $60.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Citizens Jmp raised their price target on Robinhood Markets from $130.00 to $170.00 and gave the company a “mkt outperform” rating in a report on Thursday, October 9th. Keefe, Bruyette & Woods raised their price target on Robinhood Markets from $89.00 to $106.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. Bank of America raised their price target on Robinhood Markets from $139.00 to $157.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, The Goldman Sachs Group raised their price target on Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.94.

Robinhood Markets Trading Up 4.1%

Shares of HOOD opened at $139.79 on Monday. The business’s 50-day moving average price is $123.41 and its 200 day moving average price is $93.05. The stock has a market capitalization of $124.23 billion, a P/E ratio of 70.96, a P/E/G ratio of 3.63 and a beta of 2.42. Robinhood Markets, Inc. has a 1-year low of $23.00 and a 1-year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The firm had revenue of $989.00 million during the quarter, compared to analyst estimates of $893.93 million. During the same period last year, the company posted $0.21 EPS. The business’s quarterly revenue was up 45.0% compared to the same quarter last year. On average, research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Activity

In other Robinhood Markets news, Director Baiju Bhatt sold 418,338 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven M. Quirk sold 60,113 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $100.91, for a total value of $6,066,002.83. Following the sale, the insider owned 94,454 shares of the company’s stock, valued at $9,531,353.14. The trade was a 38.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,175,598 shares of company stock worth $579,779,430. Corporate insiders own 19.95% of the company’s stock.

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.