Fox Hill Wealth Management Purchases Shares of 21,030 Robinhood Markets, Inc. $HOOD

Fox Hill Wealth Management acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,030 shares of the company’s stock, valued at approximately $3,011,000. Robinhood Markets makes up 1.4% of Fox Hill Wealth Management’s investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC lifted its position in Robinhood Markets by 46.7% in the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock worth $2,076,000 after buying an additional 15,885 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in Robinhood Markets by 62.1% during the second quarter. Y Intercept Hong Kong Ltd now owns 12,708 shares of the company’s stock valued at $1,190,000 after acquiring an additional 4,870 shares during the last quarter. Hantz Financial Services Inc. grew its position in Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after acquiring an additional 148 shares during the last quarter. South Dakota Investment Council purchased a new position in shares of Robinhood Markets during the second quarter worth approximately $5,202,000. Finally, Sigma Planning Corp bought a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $359,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Stock Down 3.4%

Shares of Robinhood Markets stock opened at $76.07 on Wednesday. The company’s fifty day simple moving average is $97.47 and its two-hundred day simple moving average is $115.54. Robinhood Markets, Inc. has a 12-month low of $29.66 and a 12-month high of $153.86. The firm has a market cap of $68.49 billion, a PE ratio of 36.93, a price-to-earnings-growth ratio of 1.59 and a beta of 2.47.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 earnings per share. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $87.07, for a total transaction of $870,700.00. Following the completion of the transaction, the insider owned 393,612 shares in the company, valued at $34,271,796.84. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven M. Quirk sold 52,540 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $87.81, for a total value of $4,613,537.40. Following the completion of the sale, the insider directly owned 27,564 shares of the company’s stock, valued at $2,420,394.84. The trade was a 65.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 470,997 shares of company stock worth $55,147,954. Corporate insiders own 19.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HOOD. Loop Capital set a $130.00 target price on shares of Robinhood Markets in a report on Monday, February 9th. Sanford C. Bernstein reissued an “outperform” rating on shares of Robinhood Markets in a research note on Wednesday, February 11th. Mizuho cut their price target on shares of Robinhood Markets from $172.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Cantor Fitzgerald decreased their price objective on Robinhood Markets from $130.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, February 17th. Finally, KeyCorp lowered their target price on Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, February 9th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.71.

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.