Insigneo Advisory Services LLC Has $2.33 Million Stake in Robinhood Markets, Inc. $HOOD

Insigneo Advisory Services LLC grew its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 308.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,261 shares of the company’s stock after acquiring an additional 12,279 shares during the period. Insigneo Advisory Services LLC’s holdings in Robinhood Markets were worth $2,328,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. raised its stake in Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after buying an additional 148 shares during the period. Valley National Advisers Inc. increased its holdings in shares of Robinhood Markets by 113.6% during the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Robinhood Markets by 107.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. Smithfield Trust Co acquired a new stake in Robinhood Markets during the 2nd quarter valued at $29,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Robinhood Markets in the third quarter valued at $29,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on HOOD shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Robinhood Markets in a report on Wednesday, February 11th. Piper Sandler decreased their target price on Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Morgan Stanley lifted their price target on Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a report on Monday, December 22nd. Loop Capital set a $130.00 target price on Robinhood Markets in a report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Robinhood Markets in a research report on Monday, December 22nd. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.71.

Robinhood Markets Stock Down 3.4%

HOOD stock opened at $76.07 on Wednesday. The company’s 50-day moving average price is $97.47 and its two-hundred day moving average price is $115.54. The firm has a market cap of $68.49 billion, a P/E ratio of 36.93, a P/E/G ratio of 1.59 and a beta of 2.47. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business posted $1.01 EPS. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. Equities analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $121.63, for a total transaction of $45,611,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $132.26, for a total value of $775,704.90. Following the completion of the sale, the chief technology officer directly owned 26,725 shares in the company, valued at $3,534,648.50. This trade represents a 18.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 470,997 shares of company stock worth $55,147,954. 19.95% of the stock is currently owned by company insiders.

Robinhood Markets Company Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.