Westwood Holdings Group Inc. Has $1.16 Million Stake in Robinhood Markets, Inc. $HOOD

Westwood Holdings Group Inc. lowered its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 29.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,406 shares of the company’s stock after selling 5,265 shares during the period. Westwood Holdings Group Inc.’s holdings in Robinhood Markets were worth $1,162,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HOOD. Hantz Financial Services Inc. boosted its stake 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 during the period. Smithfield Trust Co bought a new position in Robinhood Markets during the 2nd quarter worth $29,000. Twin Peaks Wealth Advisors LLC acquired a new position in Robinhood Markets in the 2nd quarter valued at $34,000. V Square Quantitative Management LLC bought a new stake in shares of Robinhood Markets during the 2nd quarter valued at $36,000. Finally, LGT Financial Advisors LLC bought a new stake in shares of Robinhood Markets during the 2nd quarter valued at $37,000. 93.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on HOOD shares. Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Robinhood Markets in a research report on Friday, December 5th. 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 note on Thursday, November 6th. The Goldman Sachs Group boosted their target price on shares of Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Mizuho upped their price target 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven 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 currently has a consensus rating of “Moderate Buy” and an average price target of $136.32.

Robinhood Markets Trading Down 3.5%

Shares of NASDAQ HOOD opened at $115.26 on Tuesday. The company has a market cap of $103.64 billion, a price-to-earnings ratio of 47.83, a PEG ratio of 2.40 and a beta of 2.43. Robinhood Markets, Inc. has a 12 month low of $29.66 and a 12 month high of $153.86. The stock has a 50-day moving average price of $131.46 and a two-hundred day moving average price of $112.74.

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 the consensus estimate of $0.41 by $0.20. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The firm’s revenue was up 100.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Activity at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,865 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $132.26, for a total transaction of $775,704.90. Following the completion of the transaction, the chief technology officer directly owned 26,725 shares in the company, valued at approximately $3,534,648.50. This represents a 18.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $132.13, for a total value of $15,855,600.00. Following the completion of the transaction, the insider owned 430,012 shares of the company’s stock, valued at $56,817,485.56. The trade was a 21.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,686,763 shares of company stock worth $475,858,262. Corporate insiders own 19.95% of the company’s stock.

About Robinhood Markets

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.