Yeomans Consulting Group Inc. Acquires Shares of 4,444 Robinhood Markets, Inc. $HOOD

Yeomans Consulting Group Inc. bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,444 shares of the company’s stock, valued at approximately $410,000.

Several other institutional investors have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC bought a new position in Robinhood Markets in the 2nd quarter valued at $951,479,000. Vanguard Group Inc. lifted its stake in shares of Robinhood Markets by 8.6% during the first quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company’s stock valued at $3,089,914,000 after acquiring an additional 5,874,701 shares during the period. AGF Management Ltd. boosted its holdings in Robinhood Markets by 286.0% in the first quarter. AGF Management Ltd. now owns 5,743,715 shares of the company’s stock valued at $239,053,000 after acquiring an additional 4,255,862 shares during the last quarter. Wealthquest Corp acquired a new stake in Robinhood Markets in the first quarter worth about $156,193,000. Finally, Altimeter Capital Management LP bought a new stake in Robinhood Markets during the 1st quarter worth about $120,103,000. Institutional investors own 93.27% of the company’s stock.

Analysts Set New Price Targets

HOOD has been the topic of several recent research reports. Redburn Atlantic reaffirmed a “sell” rating and issued a $48.00 target price (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. The Goldman Sachs Group raised their price objective on shares of Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup upped their target price on shares of Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Barclays raised their price target on Robinhood Markets from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $140.00 price objective (up previously from $120.00) on shares of Robinhood Markets in a report on Tuesday, September 23rd. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and an average target price of $113.59.

Insider Buying and Selling at Robinhood Markets

In related news, Director Baiju Bhatt sold 1,568,421 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $99.98, for a total value of $156,810,731.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven M. Quirk sold 60,113 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the sale, the insider owned 94,454 shares in the company, valued at $9,531,353.14. This trade represents a 38.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,906,462 shares of company stock worth $509,427,417 over the last three months. Company insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Up 4.7%

Shares of HOOD stock opened at $145.70 on Friday. Robinhood Markets, Inc. has a 12-month low of $22.05 and a 12-month high of $146.70. The firm has a fifty day moving average of $113.58 and a 200-day moving average of $81.58. The firm has a market capitalization of $129.48 billion, a price-to-earnings ratio of 73.96, a price-to-earnings-growth ratio of 4.87 and a beta of 2.42.

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