Toth Financial Advisory Corp Sells 11,185 Shares of Robinhood Markets, Inc. $HOOD

Toth Financial Advisory Corp cut its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 47.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,215 shares of the company’s stock after selling 11,185 shares during the period. Toth Financial Advisory Corp’s holdings in Robinhood Markets were worth $1,749,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its stake in shares of Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after purchasing an additional 148 shares during the period. Smithfield Trust Co acquired a new position in Robinhood Markets in the 2nd quarter valued at $29,000. Twin Peaks Wealth Advisors LLC bought a new position in Robinhood Markets during the 2nd quarter worth $34,000. V Square Quantitative Management LLC acquired a new stake in shares of Robinhood Markets during the second quarter worth $36,000. Finally, LGT Financial Advisors LLC bought a new stake in shares of Robinhood Markets in the second quarter valued at about $37,000. Institutional investors own 93.27% of the company’s stock.

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Analyst Upgrades and Downgrades

HOOD has been the topic of a number of recent research reports. Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Citizens Jmp lifted their price target on shares of Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, November 7th. Morgan Stanley boosted their price target 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. Keefe, Bruyette & Woods increased their price target on Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Finally, CICC Research initiated coverage on Robinhood Markets in a report on Monday, October 27th. They issued an “outperform” rating and a $155.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $137.25.

Read Our Latest Analysis on HOOD

Insiders Place Their Bets

In related news, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total transaction of $104,797,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Baiju Bhatt sold 1,330,000 shares of Robinhood Markets stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $128.47, for a total value of $170,865,100.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,686,763 shares of company stock worth $475,858,262 over the last 90 days. Corporate insiders own 14.47% of the company’s stock.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $121.35 on Friday. The company’s 50 day simple moving average is $129.19 and its 200 day simple moving average is $113.54. The stock has a market capitalization of $109.12 billion, a price-to-earnings ratio of 50.35, a price-to-earnings-growth ratio of 2.31 and a beta of 2.43. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.20. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The company’s quarterly revenue was up 100.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 earnings per share. As a group, analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Robinhood Markets Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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