Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Bought by Centaurus Financial Inc.

Centaurus Financial Inc. grew its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,444 shares of the company’s stock after buying an additional 655 shares during the quarter. Centaurus Financial Inc.’s holdings in Robinhood Markets were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Penserra Capital Management LLC grew its position in Robinhood Markets by 5,688.7% in the 3rd quarter. Penserra Capital Management LLC now owns 133,546 shares of the company’s stock valued at $3,126,000 after acquiring an additional 131,239 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Robinhood Markets by 32.2% during the third quarter. Cerity Partners LLC now owns 107,629 shares of the company’s stock worth $2,521,000 after purchasing an additional 26,245 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Robinhood Markets in the third quarter valued at approximately $2,506,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Robinhood Markets by 33.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,581,465 shares of the company’s stock valued at $107,298,000 after purchasing an additional 1,137,677 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in Robinhood Markets by 871.9% during the 3rd quarter. Intech Investment Management LLC now owns 192,960 shares of the company’s stock worth $4,519,000 after buying an additional 173,107 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Transactions at Robinhood Markets

In related news, insider Steven M. Quirk sold 208,291 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $24.98, for a total transaction of $5,203,109.18. Following the transaction, the insider now owns 346,020 shares of the company’s stock, valued at $8,643,579.60. This trade represents a 37.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $19.26, for a total value of $4,815,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,685,549 shares of company stock worth $114,953,194. Insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $37.65 on Thursday. The company has a fifty day moving average of $27.55 and a two-hundred day moving average of $23.29. The company has a market capitalization of $33.28 billion, a PE ratio of 63.81, a P/E/G ratio of 0.88 and a beta of 1.84. Robinhood Markets, Inc. has a 1 year low of $8.35 and a 1 year high of $39.74.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same period last year, the company earned ($0.09) earnings per share. On average, research analysts expect that Robinhood Markets, Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

HOOD has been the subject of several recent research reports. Needham & Company LLC raised shares of Robinhood Markets from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Monday, November 18th. Piper Sandler lifted their target price on Robinhood Markets from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, November 18th. JPMorgan Chase & Co. upped their price target on Robinhood Markets from $17.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Morgan Stanley upgraded Robinhood Markets from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $24.00 to $55.00 in a research note on Monday. Finally, Sanford C. Bernstein upped their target price on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.59.

Robinhood Markets Company Profile

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.