13,636 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,636 shares of the company’s stock, valued at approximately $310,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Robinhood Markets by 1.8% in the first quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock worth $1,143,960,000 after purchasing an additional 1,003,535 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of Robinhood Markets by 21,404.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 96,768 shares of the company’s stock worth $1,948,000 after acquiring an additional 96,318 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in shares of Robinhood Markets by 87.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock worth $117,000 after acquiring an additional 2,700 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Robinhood Markets during the 4th quarter worth $8,299,000. Finally, SG Americas Securities LLC boosted its stake in shares of Robinhood Markets by 62.5% during the 1st quarter. SG Americas Securities LLC now owns 283,684 shares of the company’s stock worth $5,711,000 after acquiring an additional 109,059 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Robinhood Markets from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th. Morgan Stanley lifted their price target on shares of Robinhood Markets from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Citigroup upgraded shares of Robinhood Markets from a “sell” rating to a “neutral” rating and set a $18.00 price target on the stock in a research note on Monday, August 5th. Barclays dropped their price target on shares of Robinhood Markets from $20.00 to $18.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Finally, KeyCorp lifted their target price on shares of Robinhood Markets from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.70.

Insider Transactions at Robinhood Markets

In other news, CFO Jason Warnick sold 25,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $20.96, for a total value of $524,000.00. Following the sale, the chief financial officer now directly owns 1,077,162 shares in the company, valued at approximately $22,577,315.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $21.03, for a total transaction of $5,257,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Warnick sold 25,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $20.96, for a total transaction of $524,000.00. Following the transaction, the chief financial officer now owns 1,077,162 shares in the company, valued at $22,577,315.52. The disclosure for this sale can be found here. Insiders have sold a total of 1,190,406 shares of company stock worth $24,060,804 in the last three months. Insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Down 0.3 %

NASDAQ HOOD traded down $0.06 on Friday, reaching $20.11. The company had a trading volume of 5,434,129 shares, compared to its average volume of 15,957,490. The stock has a market capitalization of $17.67 billion, a PE ratio of 133.47 and a beta of 1.83. The firm’s 50 day moving average price is $21.07 and its 200 day moving average price is $19.24. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $24.88.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. The company had revenue of $682.00 million for the quarter, compared to the consensus estimate of $640.39 million. During the same period in the previous year, the firm posted $0.03 EPS. Robinhood Markets’s revenue for the quarter was up 40.3% compared to the same quarter last year. On average, research analysts expect that Robinhood Markets, Inc. will post 0.57 EPS for the current year.

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.