Nwam LLC Has $5.47 Million Stock Holdings in Robinhood Markets, Inc. $HOOD

Nwam LLC grew its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 1,068.4% during the second quarter, Holdings Channel reports. The firm owned 54,562 shares of the company’s stock after purchasing an additional 49,892 shares during the period. Nwam LLC’s holdings in Robinhood Markets were worth $5,471,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Oarsman Capital Inc. bought a new position in Robinhood Markets during the second quarter valued at about $348,000. ICONIQ Capital LLC increased its holdings in shares of Robinhood Markets by 10.5% during the 2nd quarter. ICONIQ Capital LLC now owns 1,622,397 shares of the company’s stock valued at $162,694,000 after acquiring an additional 154,321 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in shares of Robinhood Markets by 8.9% in the 2nd quarter. New Mexico Educational Retirement Board now owns 39,300 shares of the company’s stock valued at $3,941,000 after acquiring an additional 3,200 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Robinhood Markets in the 2nd quarter worth approximately $1,438,000. Finally, Wellington Management Group LLP grew its holdings in Robinhood Markets by 37.1% during the second quarter. Wellington Management Group LLP now owns 786,318 shares of the company’s stock valued at $78,852,000 after purchasing an additional 212,855 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Insider Activity

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction on Monday, July 6th. The shares were sold at an average price of $116.17, for a total transaction of $43,563,750.00. Following the sale, the chief executive officer owned 375,000 shares in the company, valued at $43,563,750. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 3,982 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $95.07, for a total transaction of $378,568.74. Following the completion of the transaction, the chief financial officer owned 51,963 shares of the company’s stock, valued at approximately $4,940,122.41. This represents a 7.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 612,704 shares of company stock valued at $66,675,612. 13.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Loop Capital set a $105.00 price objective on shares of Robinhood Markets in a research note on Thursday, July 30th. The Goldman Sachs Group lowered their price target on Robinhood Markets from $137.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. KeyCorp lifted their price objective on Robinhood Markets from $100.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. China Renaissance began coverage on Robinhood Markets in a research note on Tuesday, July 7th. They set a “buy” rating for the company. Finally, Mizuho lifted their price target on Robinhood Markets from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.65.

Robinhood Markets Stock Up 0.5%

HOOD stock opened at $104.81 on Tuesday. The business’s 50-day simple moving average is $101.44 and its 200 day simple moving average is $87.24. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The company has a market cap of $94.23 billion, a PE ratio of 46.17, a price-to-earnings-growth ratio of 1.90 and a beta of 2.35. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.18. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.Robinhood Markets’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. On average, research analysts anticipate that Robinhood Markets, Inc. will post 2.04 earnings per share for the current 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.