Insigneo Advisory Services LLC Buys 12,279 Shares of Robinhood Markets, Inc. $HOOD

Insigneo Advisory Services LLC grew its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 308.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 16,261 shares of the company’s stock after acquiring an additional 12,279 shares during the period. Insigneo Advisory Services LLC’s holdings in Robinhood Markets were worth $2,328,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. grew 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. Golden State Wealth Management LLC increased its stake in shares of Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after buying an additional 99 shares during the period. Vision Financial Markets LLC raised its position in shares of Robinhood Markets by 100.0% during the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Robinhood Markets in the third quarter worth approximately $29,000. Finally, Guerra Advisors Inc bought a new stake in Robinhood Markets in the third quarter valued at approximately $30,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock opened at $76.07 on Wednesday. The stock has a market capitalization 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, Inc. has a 52 week low of $29.66 and a 52 week high of $153.86. The stock has a 50 day moving average price of $97.47 and a two-hundred day moving average price of $115.54.

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

Analyst Ratings Changes

Several research firms have issued reports on HOOD. Morgan Stanley raised their price target on shares of Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a report on Monday, December 22nd. Piper Sandler lowered their target price on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Wolfe Research raised shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price target on the stock in a research report on Monday, February 9th. Argus initiated coverage on Robinhood Markets in a report on Friday, January 9th. They set a “buy” rating and a $145.00 price target for the company. Finally, Cantor Fitzgerald dropped their price objective on Robinhood Markets from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 17th. Seventeen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.71.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $107.48, for a total transaction of $630,262.72. Following the completion of the sale, the chief technology officer directly owned 9,133 shares of the company’s stock, valued at approximately $981,614.84. The trade was a 39.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $87.07, for a total value 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 470,997 shares of company stock valued at $55,147,954. Insiders own 19.95% of the company’s stock.

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.