Yeomans Consulting Group Inc. Increases Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Yeomans Consulting Group Inc. raised its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 28.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,418 shares of the company’s stock after acquiring an additional 4,252 shares during the period. Yeomans Consulting Group Inc.’s holdings in Robinhood Markets were worth $455,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Eastern Bank purchased a new stake in Robinhood Markets during the 3rd quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new stake in shares of Robinhood Markets during the third quarter valued at approximately $33,000. ORG Partners LLC bought a new position in shares of Robinhood Markets in the second quarter worth approximately $33,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Robinhood Markets in the first quarter worth $34,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Robinhood Markets in the second quarter worth $40,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Robinhood Markets

In other news, Director Baiju Bhatt sold 143,944 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $18.73, for a total transaction of $2,696,071.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Robinhood Markets news, insider Steven M. Quirk sold 208,291 shares of Robinhood Markets stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $24.98, for a total value of $5,203,109.18. Following the completion of the transaction, the insider now directly owns 346,020 shares of the company’s stock, valued at approximately $8,643,579.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Baiju Bhatt sold 143,944 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $18.73, for a total transaction of $2,696,071.12. The disclosure for this sale can be found here. Insiders have sold a total of 4,639,654 shares of company stock valued at $110,241,632 in the last ninety days. 19.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Robinhood Markets from $22.50 to $25.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Needham & Company LLC reissued a “hold” rating on shares of Robinhood Markets in a research note on Thursday, August 8th. Citigroup upped their price target on Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft increased their price objective on Robinhood Markets from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, JMP Securities reissued a “market outperform” rating and set a $30.00 target price on shares of Robinhood Markets in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of “Hold” and a consensus price target of $24.97.

Robinhood Markets Stock Up 3.2 %

Shares of HOOD stock traded up $0.86 during mid-day trading on Monday, reaching $27.92. 5,195,499 shares of the company’s stock traded hands, compared to its average volume of 15,307,416. The company’s 50-day moving average price is $22.84 and its 200-day moving average price is $21.15. The company has a market cap of $24.54 billion, a P/E ratio of 180.40 and a beta of 1.84. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $28.16.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. Robinhood Markets had a net margin of 12.96% and a return on equity of 4.25%. The business had revenue of $682.00 million for the quarter, compared to analyst estimates of $640.39 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Robinhood Markets’s quarterly revenue was up 40.3% on a year-over-year basis. Equities analysts predict that Robinhood Markets, Inc. will post 0.74 earnings per share for the current year.

Robinhood Markets 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.