Thrivent Financial for Lutherans Has $111.54 Million Stake in Robinhood Markets, Inc. $HOOD

Thrivent Financial for Lutherans boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 462.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,192,890 shares of the company’s stock after purchasing an additional 980,868 shares during the period. Thrivent Financial for Lutherans’ holdings in Robinhood Markets were worth $111,537,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of Robinhood Markets during the 2nd quarter worth $238,000. Newbridge Financial Services Group Inc. increased its position in Robinhood Markets by 2,520.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 6,550 shares of the company’s stock worth $613,000 after buying an additional 6,300 shares during the last quarter. Advisory Services Network LLC raised its holdings in Robinhood Markets by 54.4% during the second quarter. Advisory Services Network LLC now owns 25,111 shares of the company’s stock valued at $2,588,000 after buying an additional 8,851 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the second quarter worth about $56,000. Finally, Liontrust Investment Partners LLP bought a new stake in shares of Robinhood Markets during the 2nd quarter worth about $3,864,000. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $119.50 on Friday. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86. The stock has a market cap of $107.45 billion, a P/E ratio of 49.59, a price-to-earnings-growth ratio of 2.40 and a beta of 2.43. The stock has a fifty day moving average price of $132.04 and a 200 day moving average price of $112.04.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $0.17 earnings per share. The company’s quarterly revenue was up 100.0% on a year-over-year basis. Equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Ratings Changes

HOOD has been the topic of a number of recent analyst reports. Piper Sandler reissued an “overweight” rating on shares of Robinhood Markets in a research note on Wednesday, November 26th. Bank of America lowered their price target on Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday. Dbs Bank upgraded shares of Robinhood Markets to a “moderate buy” rating in a research note on Wednesday, November 12th. Citizens Jmp raised their target price on shares of Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus target price of $136.32.

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 49,942 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total value of $6,549,893.30. Following the transaction, the insider owned 54,496 shares of the company’s stock, valued at approximately $7,147,150.40. This trade represents a 47.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of Robinhood Markets stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total value of $15,855,600.00. Following the sale, the insider directly owned 430,012 shares of the company’s stock, valued at approximately $56,817,485.56. This trade represents a 21.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,686,763 shares of company stock worth $475,858,262. 14.47% of the stock is owned by company insiders.

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.