Stenger Family Office LLC Purchases New Position in Robinhood Markets, Inc. $HOOD

Stenger Family Office LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,936 shares of the company’s stock, valued at approximately $1,887,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HOOD. Valley National Advisers Inc. boosted its holdings in Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. North Star Investment Management Corp. raised its position in shares of Robinhood Markets by 44.9% in the 3rd quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock worth $37,000 after purchasing an additional 79 shares during the last quarter. Hantz Financial Services Inc. raised 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 worth $25,000 after purchasing an additional 148 shares during the last quarter. Smithfield Trust Co bought a new position in Robinhood Markets in the 2nd quarter worth about $29,000. Finally, Security National Bank purchased a new stake in Robinhood Markets during the 3rd quarter valued at about $46,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of Robinhood Markets stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total value of $15,855,600.00. Following the sale, the insider directly owned 430,012 shares of the company’s stock, valued at approximately $56,817,485.56. The trade was a 21.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Baiju Bhatt sold 1,330,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $128.47, for a total value of $170,865,100.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,296,763 shares of company stock valued at $414,016,996. Insiders own 14.47% of the company’s stock.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of research analyst reports. Bank of America lowered their price target on Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Compass Point restated a “buy” rating on shares of Robinhood Markets in a research note on Monday, October 27th. KeyCorp lifted their price target on shares of Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Citizens Jmp boosted their price objective on shares of Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a report on Friday, November 7th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.62.

View Our Latest Report on Robinhood Markets

Robinhood Markets Trading Down 1.5%

NASDAQ HOOD opened at $108.74 on Friday. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86. The stock has a market cap of $97.78 billion, a price-to-earnings ratio of 45.12, a PEG ratio of 1.73 and a beta of 2.44. The company’s 50 day moving average is $121.17 and its two-hundred day moving average is $119.26.

Robinhood Markets (NASDAQ:HOODGet Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.41 by $0.20. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The company’s revenue was up 100.0% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS. Sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Robinhood Markets News Summary

Here are the key news stories impacting Robinhood Markets this week:

About Robinhood Markets

(Free Report)

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.

Featured Stories

Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

Receive News & Ratings for Robinhood Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robinhood Markets and related companies with MarketBeat.com's FREE daily email newsletter.