LRI Investments LLC Has $116,000 Stake in Robinhood Markets, Inc. $HOOD

LRI Investments LLC boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 115.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,241 shares of the company’s stock after purchasing an additional 665 shares during the period. LRI Investments LLC’s holdings in Robinhood Markets were worth $116,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HOOD. Farther Finance Advisors LLC increased its holdings in Robinhood Markets by 4.0% during the 1st quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company’s stock valued at $290,000 after purchasing an additional 265 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of Robinhood Markets in the 1st quarter valued at $277,000. GAMMA Investing LLC increased its stake in shares of Robinhood Markets by 40.2% in the 1st quarter. GAMMA Investing LLC now owns 8,210 shares of the company’s stock valued at $342,000 after buying an additional 2,352 shares during the period. CX Institutional acquired a new stake in shares of Robinhood Markets in the 1st quarter valued at $85,000. Finally, Elevation Point Wealth Partners LLC increased its stake in shares of Robinhood Markets by 184.5% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 18,149 shares of the company’s stock valued at $755,000 after buying an additional 11,769 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Trading Down 8.9%

NASDAQ:HOOD opened at $138.96 on Monday. Robinhood Markets, Inc. has a 1 year low of $23.00 and a 1 year high of $153.86. The stock has a market cap of $123.49 billion, a price-to-earnings ratio of 70.54, a PEG ratio of 3.77 and a beta of 2.42. The stock has a 50-day moving average price of $118.70 and a two-hundred day moving average price of $86.38.

Robinhood Markets (NASDAQ:HOOD) last posted its 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 return on equity of 17.48% and a net margin of 50.13%.The firm had revenue of $989.00 million during the quarter, compared to analysts’ expectations of $893.93 million. During the same period in the previous year, the firm earned $0.21 earnings per share. The company’s revenue was up 45.0% on a year-over-year basis. Sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

HOOD has been the subject of several research reports. The Goldman Sachs Group lifted their target price on Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Cantor Fitzgerald lifted their target price on Robinhood Markets from $100.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. KeyCorp lifted their target price on Robinhood Markets from $60.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Morgan Stanley lifted their target price on Robinhood Markets from $110.00 to $146.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Finally, Barclays lifted their target price on Robinhood Markets from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.94.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Meyer Malka sold 1,093,288 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $103.87, for a total value of $113,559,824.56. Following the completion of the transaction, the director directly owned 3,976,234 shares of the company’s stock, valued at approximately $413,011,425.58. The trade was a 21.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Baiju Bhatt sold 1,568,421 shares of the company’s 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 disclosure for this sale can be found here. In the last quarter, insiders sold 5,566,947 shares of company stock valued at $606,609,792. Insiders own 19.95% of the company’s stock.

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.