Ameriflex Group Inc. Sells 260 Shares of Robinhood Markets, Inc. $HOOD

Ameriflex Group Inc. reduced its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 32.5% during the second quarter, HoldingsChannel reports. The firm owned 540 shares of the company’s stock after selling 260 shares during the period. Ameriflex Group Inc.’s holdings in Robinhood Markets were worth $51,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HOOD. Hemington Wealth Management raised its position in shares of Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock valued at $26,000 after buying an additional 218 shares in the last quarter. Wayfinding Financial LLC bought a new position in Robinhood Markets in the first quarter valued at $30,000. Pandora Wealth Inc. purchased a new stake in Robinhood Markets during the first quarter valued at about $33,000. V Square Quantitative Management LLC bought a new stake in Robinhood Markets during the second quarter worth about $36,000. Finally, Colonial Trust Advisors boosted its holdings in shares of Robinhood Markets by 125.0% in the 1st quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock worth $37,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

Shares of HOOD opened at $148.67 on Monday. Robinhood Markets, Inc. has a fifty-two week low of $22.61 and a fifty-two week high of $150.21. The firm’s 50-day simple moving average is $114.45 and its two-hundred day simple moving average is $82.87. The stock has a market cap of $132.12 billion, a PE ratio of 75.47, a price-to-earnings-growth ratio of 4.13 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $893.93 million. During the same period in the previous year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 45.0% compared to the same quarter last year. Equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling

In other news, Director Baiju Bhatt sold 1,568,421 shares of Robinhood Markets stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $99.98, for a total value of $156,810,731.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 225,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $99.97, for a total transaction of $22,493,250.00. Following the sale, the insider directly owned 591,887 shares in the company, valued at $59,170,943.39. This trade represents a 27.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,650,598 shares of company stock valued at $613,676,575 over the last ninety days. Insiders own 19.95% of the company’s stock.

Analysts Set New Price Targets

HOOD has been the subject of a number of recent research reports. KeyCorp boosted their target price on Robinhood Markets from $60.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Redburn Atlantic reaffirmed a “sell” rating and issued a $48.00 price objective (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a research report on Saturday, September 27th. Keefe, Bruyette & Woods boosted their price target on shares of Robinhood Markets from $89.00 to $106.00 and gave the stock a “market perform” rating in a research note on Thursday, July 31st. Finally, Mizuho lifted their price objective on Robinhood Markets from $120.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus target price of $113.59.

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.