Emerald Mutual Fund Advisers Trust Purchases 8,165 Shares of Robinhood Markets, Inc. $HOOD

Emerald Mutual Fund Advisers Trust boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 127.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,575 shares of the company’s stock after acquiring an additional 8,165 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Robinhood Markets were worth $2,087,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. raised its stake in shares of Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. North Star Investment Management Corp. grew its holdings in Robinhood Markets by 44.9% during the third quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock valued at $37,000 after purchasing an additional 79 shares during the period. Hantz Financial Services Inc. increased its position in Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after buying an additional 148 shares in the last quarter. Smithfield Trust Co purchased a new stake in Robinhood Markets in the second quarter worth about $29,000. Finally, Security National Bank bought a new position in shares of Robinhood Markets in the third quarter worth about $46,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $121.63, for a total value of $45,611,250.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $121.59, for a total value of $713,003.76. Following the transaction, the chief technology officer directly owned 14,997 shares of the company’s stock, valued at approximately $1,823,485.23. The trade was a 28.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,878,425 shares of company stock valued at $358,332,025. 14.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reduced their target price on shares of Robinhood Markets from $145.00 to $135.00 and set a “buy” rating for the company in a report on Monday, December 29th. Dbs Bank upgraded shares of Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Cantor Fitzgerald reduced their price objective on shares of Robinhood Markets from $155.00 to $152.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Barclays lowered their target price on shares of Robinhood Markets from $171.00 to $159.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Finally, JMP Securities increased their price target on Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.62.

Robinhood Markets Stock Performance

HOOD stock opened at $106.99 on Friday. The company’s fifty day moving average price is $118.95 and its 200-day moving average price is $119.50. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86. The company has a market capitalization of $96.20 billion, a PE ratio of 44.39, a price-to-earnings-growth ratio of 1.67 and a beta of 2.44.

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

About Robinhood Markets

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.