Aviva PLC Buys 125,619 Shares of Robinhood Markets, Inc. $HOOD

Aviva PLC boosted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 29.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 547,077 shares of the company’s stock after buying an additional 125,619 shares during the quarter. Aviva PLC’s holdings in Robinhood Markets were worth $51,223,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. True Vision MN LLC boosted its holdings in shares of Robinhood Markets by 1.7% in the 2nd quarter. True Vision MN LLC now owns 6,858 shares of the company’s stock valued at $642,000 after buying an additional 116 shares during the last quarter. Forum Financial Management LP raised its position in Robinhood Markets by 0.8% during the second quarter. Forum Financial Management LP now owns 17,997 shares of the company’s stock worth $1,685,000 after acquiring an additional 134 shares in the last quarter. Hemington Wealth Management lifted its stake in Robinhood Markets by 22.5% in the second quarter. Hemington Wealth Management now owns 779 shares of the company’s stock valued at $72,000 after acquiring an additional 143 shares during the last quarter. Ballentine Partners LLC grew its position in shares of Robinhood Markets by 2.3% in the 2nd quarter. Ballentine Partners LLC now owns 6,624 shares of the company’s stock valued at $620,000 after acquiring an additional 148 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Robinhood Markets by 120.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after acquiring an additional 148 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Trading Up 2.6%

NASDAQ:HOOD opened at $130.36 on Friday. The stock has a market cap of $115.85 billion, a P/E ratio of 54.09, a PEG ratio of 3.31 and a beta of 2.42. The stock has a 50 day simple moving average of $130.11 and a 200 day simple moving average of $99.94. Robinhood Markets, Inc. has a 1-year low of $29.21 and a 1-year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a return on equity of 22.13% and a net margin of 52.19%.The company’s revenue for the quarter was up 100.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Ratings Changes

HOOD has been the subject of several recent analyst reports. Bank of America raised their target price on shares of Robinhood Markets from $139.00 to $157.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Citizens Jmp upped their price objective on Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a research note on Friday. Barclays lifted their target price on Robinhood Markets from $162.00 to $168.00 and gave the stock an “overweight” rating in a research note on Thursday. Needham & Company LLC increased their price target on Robinhood Markets from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Finally, Citigroup raised their price target on Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.65.

Insiders Place Their Bets

In related news, CEO Vladimir Tenev sold 750,000 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Steven M. Quirk sold 60,113 shares of Robinhood Markets stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the completion of the sale, the insider owned 94,454 shares of the company’s stock, valued at $9,531,353.14. This trade represents a 38.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,385,742 shares of company stock valued at $403,923,453 in the last three months. Insiders own 14.47% of the company’s stock.

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), 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.