Vanguard Personalized Indexing Management LLC Buys 10,731 Shares of Robinhood Markets, Inc. $HOOD

Vanguard Personalized Indexing Management LLC lifted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 18.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,340 shares of the company’s stock after buying an additional 10,731 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Robinhood Markets were worth $9,929,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. raised its position in shares of Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after buying an additional 148 shares in the last quarter. Valley National Advisers Inc. increased its stake in Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Smithfield Trust Co acquired a new position in Robinhood Markets during the second quarter valued at approximately $29,000. Twin Peaks Wealth Advisors LLC bought a new stake in Robinhood Markets during the second quarter worth $34,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Robinhood Markets during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HOOD. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Robinhood Markets in a report on Monday, December 22nd. Barclays dropped their price objective on shares of Robinhood Markets from $171.00 to $159.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Bank of America cut their price target on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. JMP Securities lifted their target price on Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a report on Thursday, October 9th. Finally, Keefe, Bruyette & Woods increased their price target on Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.62.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $121.63, for a total transaction of $45,611,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $121.59, for a total transaction of $713,003.76. Following the transaction, the chief technology officer owned 14,997 shares of the company’s stock, valued at $1,823,485.23. This represents a 28.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 2,872,561 shares of company stock valued at $357,470,545. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $107.00 on Tuesday. The company has a market cap of $96.21 billion, a P/E ratio of 44.40, a PEG ratio of 1.67 and a beta of 2.44. Robinhood Markets, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $153.86. The stock has a 50 day simple moving average of $118.77 and a two-hundred day simple moving average of $119.93.

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

Robinhood Markets 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.