Silicon Valley Capital Partners Buys 500 Shares of Robinhood Markets, Inc. $HOOD

Silicon Valley Capital Partners raised its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 50.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,500 shares of the company’s stock after buying an additional 500 shares during the period. Silicon Valley Capital Partners’ holdings in Robinhood Markets were worth $63,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Robinhood Markets by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company’s stock valued at $3,089,914,000 after purchasing an additional 5,874,701 shares during the last quarter. AGF Management Ltd. grew its holdings in shares of Robinhood Markets by 286.0% during the 1st quarter. AGF Management Ltd. now owns 5,743,715 shares of the company’s stock valued at $239,053,000 after purchasing an additional 4,255,862 shares during the last quarter. Wealthquest Corp bought a new position in shares of Robinhood Markets during the 1st quarter valued at $156,193,000. Southpoint Capital Advisors LP bought a new position in shares of Robinhood Markets during the 4th quarter valued at $130,410,000. Finally, Polar Capital Holdings Plc bought a new position in shares of Robinhood Markets during the 4th quarter valued at $125,252,000. Institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on HOOD shares. Compass Point increased their target price on shares of Robinhood Markets from $64.00 to $96.00 and gave the company a “buy” rating in a report on Friday, June 27th. The Goldman Sachs Group increased their target price on shares of Robinhood Markets from $91.00 to $104.00 and gave the company a “buy” rating in a report on Monday, July 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Robinhood Markets from $70.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Mizuho raised their price target on shares of Robinhood Markets from $120.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Needham & Company LLC raised their price target on shares of Robinhood Markets from $71.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.88.

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 92,257 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $84.96, for a total value of $7,838,154.72. Following the completion of the sale, the insider directly owned 136,364 shares in the company, valued at $11,585,485.44. The trade was a 40.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Meyer Malka sold 1,093,288 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $103.87, for a total transaction of $113,559,824.56. Following the sale, the director owned 3,976,234 shares of the company’s stock, valued at $413,011,425.58. This trade represents a 21.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,355,381 shares of company stock valued at $539,335,586. 14.47% of the stock is owned by company insiders.

Robinhood Markets Price Performance

Shares of HOOD opened at $117.46 on Thursday. Robinhood Markets, Inc. has a one year low of $19.54 and a one year high of $123.44. The firm has a market capitalization of $104.38 billion, a PE ratio of 59.62, a price-to-earnings-growth ratio of 4.34 and a beta of 2.36. The company has a 50-day simple moving average of $105.10 and a two-hundred day simple moving average of $72.52.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The company had revenue of $989.00 million during the quarter, compared to analysts’ expectations of $893.93 million. During the same period last year, the company posted $0.21 EPS. Robinhood Markets’s revenue was up 45.0% on a year-over-year basis. Analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

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.