Walkner Condon Financial Advisors LLC Purchases Shares of 4,527 Robinhood Markets, Inc. $HOOD

Walkner Condon Financial Advisors LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,527 shares of the company’s stock, valued at approximately $424,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Robinhood Markets by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company’s stock worth $3,089,914,000 after acquiring an additional 5,874,701 shares during the last quarter. WCM Investment Management LLC boosted its stake in Robinhood Markets by 3,615.7% during the 2nd quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock valued at $1,081,910,000 after purchasing an additional 11,244,182 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Robinhood Markets during the 2nd quarter worth approximately $951,479,000. AGF Management Ltd. raised its stake in shares of Robinhood Markets by 286.0% in the first quarter. AGF Management Ltd. now owns 5,743,715 shares of the company’s stock worth $239,053,000 after purchasing an additional 4,255,862 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Robinhood Markets by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,851,352 shares of the company’s stock valued at $201,913,000 after purchasing an additional 131,620 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Meyer Malka sold 1,093,288 shares of Robinhood Markets stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $103.87, for a total value of $113,559,824.56. Following the sale, the director 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Baiju Bhatt sold 418,338 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $119.42, for a total value of $49,957,923.96. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,385,742 shares of company stock worth $403,923,453. 14.47% of the stock is owned by insiders.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $130.36 on Friday. The business’s fifty day moving average is $130.11 and its 200-day moving average is $99.54. The stock has a market capitalization of $115.85 billion, a price-to-earnings ratio of 54.09, a PEG ratio of 3.22 and a beta of 2.42. Robinhood Markets, Inc. has a one year low of $29.21 and a one year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 22.13%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $0.17 earnings per share. The firm’s revenue for the quarter was up 100.0% on a year-over-year basis. Research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HOOD shares. KeyCorp upped their price target on Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Morgan Stanley lifted their price objective on shares of Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Citizens Jmp increased their target price on shares of Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a report on Friday. Bank of America raised their price target on shares of Robinhood Markets from $139.00 to $157.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, Barclays boosted their price target on shares of Robinhood Markets from $162.00 to $168.00 and gave the stock an “overweight” rating in a report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus target price of $132.65.

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.