International Assets Investment Management LLC Buys 5,276 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

International Assets Investment Management LLC raised its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 301.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,026 shares of the company’s stock after acquiring an additional 5,276 shares during the period. International Assets Investment Management LLC’s holdings in Robinhood Markets were worth $165,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HOOD. Eastern Bank bought a new stake in Robinhood Markets during the third quarter worth about $30,000. ORG Wealth Partners LLC bought a new stake in shares of Robinhood Markets during the 3rd quarter worth approximately $33,000. ORG Partners LLC bought a new stake in shares of Robinhood Markets during the 2nd quarter worth approximately $33,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Robinhood Markets during the 1st quarter worth approximately $34,000. Finally, Opal Wealth Advisors LLC bought a new position in Robinhood Markets in the second quarter valued at approximately $45,000. 93.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HOOD shares. Keefe, Bruyette & Woods cut their target price on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group dropped their price objective on Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Morgan Stanley lifted their target price on Robinhood Markets from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Piper Sandler boosted their target price on Robinhood Markets from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Needham & Company LLC restated a “hold” rating on shares of Robinhood Markets in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Robinhood Markets has an average rating of “Hold” and a consensus target price of $25.17.

Insider Activity

In other Robinhood Markets news, Director Baiju Bhatt sold 143,944 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $18.73, for a total transaction of $2,696,071.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $19.33, for a total value of $241,625.00. Following the transaction, the insider now directly owns 1,045,068 shares of the company’s stock, valued at $20,201,164.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Baiju Bhatt sold 143,944 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $18.73, for a total value of $2,696,071.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,639,654 shares of company stock valued at $112,281,632. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

HOOD opened at $29.86 on Thursday. Robinhood Markets, Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $30.06. The company’s 50 day moving average price is $23.58 and its two-hundred day moving average price is $21.57. The firm has a market capitalization of $26.42 billion, a price-to-earnings ratio of 50.61, a PEG ratio of 0.58 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $637.00 million during the quarter, compared to the consensus estimate of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The business’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.09) EPS. As a group, equities research analysts predict that Robinhood Markets, Inc. will post 0.71 EPS for the current year.

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.