Paradiem LLC Invests $1.27 Million in Robinhood Markets, Inc. $HOOD

Paradiem LLC bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 8,895 shares of the company’s stock, valued at approximately $1,274,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its holdings in shares of Robinhood Markets by 120.3% in the 2nd 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 stake in Robinhood Markets during the 2nd quarter worth approximately $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Robinhood Markets during the 2nd quarter worth approximately $34,000. V Square Quantitative Management LLC purchased a new position in Robinhood Markets in the second quarter valued at approximately $36,000. Finally, LGT Financial Advisors LLC acquired a new position in Robinhood Markets during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $118.13 on Friday. The stock has a market cap of $106.22 billion, a price-to-earnings ratio of 49.02, a price-to-earnings-growth ratio of 2.16 and a beta of 2.43. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86. The business’s 50-day simple moving average is $127.79 and its 200 day simple moving average is $115.48.

Robinhood Markets (NASDAQ:HOOD) last issued 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 firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm earned $0.17 EPS. Robinhood Markets’s quarterly revenue was up 100.0% on a year-over-year basis. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 49,942 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total transaction of $6,549,893.30. Following the transaction, the insider directly owned 54,496 shares in the company, valued at $7,147,150.40. This represents a 47.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total transaction of $15,855,600.00. Following the completion of the sale, the insider directly owned 430,012 shares of the company’s stock, valued at $56,817,485.56. The trade was a 21.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 3,686,763 shares of company stock valued at $475,848,059. Insiders own 14.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Robinhood Markets from $121.00 to $135.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Morgan Stanley upped their price target on shares of Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Monday, December 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Robinhood Markets in a research report on Monday, December 22nd. KeyCorp boosted their price objective on Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, CICC Research began coverage on Robinhood Markets in a research report on Monday, October 27th. They issued an “outperform” rating and a $155.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Robinhood Markets has an average 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.