Penserra Capital Management LLC Has $3.13 Million Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Penserra Capital Management LLC grew its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 5,688.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 133,546 shares of the company’s stock after buying an additional 131,239 shares during the period. Penserra Capital Management LLC’s holdings in Robinhood Markets were worth $3,126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in Robinhood Markets in the first quarter worth about $270,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Robinhood Markets during the first quarter worth approximately $206,000. UniSuper Management Pty Ltd lifted its holdings in Robinhood Markets by 87.1% in the first quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock valued at $117,000 after buying an additional 2,700 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Robinhood Markets by 169.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,991,586 shares of the company’s stock valued at $40,092,000 after buying an additional 1,251,495 shares during the period. Finally, Public Employees Retirement Association of Colorado bought a new position in Robinhood Markets in the first quarter valued at approximately $988,000. Institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

HOOD has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on Robinhood Markets from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, October 21st. JMP Securities lifted their price objective on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. boosted their price objective on shares of Robinhood Markets from $17.00 to $21.00 and gave the company an “underweight” rating in a report on Thursday, October 17th. Sanford C. Bernstein increased their target price on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Barclays boosted their price target on shares of Robinhood Markets from $23.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.59.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Meyer Malka sold 105,875 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $30.00, for a total transaction of $3,176,250.00. Following the transaction, the director now owns 28,930,243 shares of the company’s stock, valued at $867,907,290. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $19.33, for a total value of $241,625.00. Following the completion of the sale, the insider now directly owns 1,045,068 shares of the company’s stock, valued at approximately $20,201,164.44. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,685,549 shares of company stock valued at $114,953,194. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $37.85 on Tuesday. The stock has a 50-day simple moving average of $27.27 and a 200 day simple moving average of $23.14. Robinhood Markets, Inc. has a 52-week low of $8.21 and a 52-week high of $39.74. The company has a market cap of $33.46 billion, a PE ratio of 64.15, a PEG ratio of 0.85 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. Robinhood Markets’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.09) earnings per share. On average, research analysts predict that Robinhood Markets, Inc. will post 0.74 earnings per share for the current fiscal 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.