XTX Topco Ltd Invests $207,000 in Robinhood Markets, Inc. (NASDAQ:HOOD)

XTX Topco Ltd acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,133 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Robinhood Markets by 1.8% during the first quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock worth $1,143,960,000 after buying an additional 1,003,535 shares during the period. Banque Cantonale Vaudoise grew its stake in shares of Robinhood Markets by 21,404.0% in the first quarter. Banque Cantonale Vaudoise now owns 96,768 shares of the company’s stock worth $1,948,000 after purchasing an additional 96,318 shares in the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Robinhood Markets by 87.1% during the first quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock valued at $117,000 after purchasing an additional 2,700 shares during the period. Wellington Management Group LLP bought a new stake in shares of Robinhood Markets during the fourth quarter valued at about $8,299,000. Finally, O Neil Global Advisors Inc. acquired a new stake in Robinhood Markets in the second quarter worth about $2,298,000. 93.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $22.80, for a total value of $285,000.00. Following the transaction, the insider now owns 956,247 shares in the company, valued at approximately $21,802,431.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $22.80, for a total transaction of $285,000.00. Following the transaction, the insider now directly owns 956,247 shares in the company, valued at approximately $21,802,431.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $22.50, for a total value of $5,625,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,204,096 shares of company stock worth $23,603,793. 19.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on HOOD shares. Wolfe Research raised shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $29.00 target price on the stock in a research note on Wednesday, June 26th. Piper Sandler upped their target price on Robinhood Markets from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Citigroup increased their price target on Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday. Keefe, Bruyette & Woods cut their price objective on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their target price on Robinhood Markets from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Robinhood Markets presently has a consensus rating of “Hold” and an average price target of $23.43.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $23.89 on Monday. The firm has a 50 day simple moving average of $20.49 and a 200 day simple moving average of $20.22. Robinhood Markets, Inc. has a 52 week low of $7.91 and a 52 week high of $24.88. The company has a market cap of $21.00 billion, a PE ratio of 159.27 and a beta of 1.82.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $682.00 million during the quarter, compared to analyst estimates of $640.39 million. Robinhood Markets had a return on equity of 4.25% and a net margin of 12.96%. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 earnings per share. On average, equities analysts predict that Robinhood Markets, Inc. will post 0.76 earnings per share 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.