6,061 Shares in Robinhood Markets, Inc. $HOOD Acquired by Park Capital Management LLC WI

Park Capital Management LLC WI bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 3rd quarter, Holdings Channel reports. The firm bought 6,061 shares of the company’s stock, valued at approximately $868,000.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Robinhood Markets by 3.1% in the 1st quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock worth $677,000 after buying an additional 486 shares in the last quarter. Metavasi Capital LP grew its holdings in Robinhood Markets by 275.0% during the first quarter. Metavasi Capital LP now owns 75,000 shares of the company’s stock worth $3,122,000 after acquiring an additional 55,000 shares during the period. Venture Visionary Partners LLC raised its position in Robinhood Markets by 63.0% in the second quarter. Venture Visionary Partners LLC now owns 125,420 shares of the company’s stock worth $11,743,000 after acquiring an additional 48,494 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Robinhood Markets by 114.8% in the first quarter. Canada Pension Plan Investment Board now owns 369,900 shares of the company’s stock worth $15,395,000 after acquiring an additional 197,673 shares in the last quarter. Finally, EJF Capital LLC bought a new position in shares of Robinhood Markets during the 1st quarter valued at about $416,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 430,012 shares in the company, valued at $56,817,485.56. This represents a 21.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven M. Quirk sold 49,942 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $131.15, for a total transaction of $6,549,893.30. Following the completion of the sale, the insider directly owned 54,496 shares of the company’s stock, valued at $7,147,150.40. This trade represents a 47.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,686,763 shares of company stock valued at $475,848,059 in the last 90 days. Insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $120.32 on Friday. The firm’s 50 day moving average price is $128.03 and its two-hundred day moving average price is $114.87. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86. The stock has a market cap of $108.19 billion, a price-to-earnings ratio of 49.92, a PEG ratio of 2.20 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the firm posted $0.17 earnings per share. Robinhood Markets’s revenue was up 100.0% compared to the same quarter last year. On average, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Ratings Changes

HOOD has been the topic of a number of research reports. Mizuho boosted their target price on shares of Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Citigroup upped their price target on Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Barclays raised their price objective on Robinhood Markets from $168.00 to $171.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Citizens Jmp lifted their target price on Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a report on Friday, November 7th. Finally, KeyCorp upped their target price on Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.30.

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.