Ribbit Management Company LLC Has $863.95 Million Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Ribbit Management Company LLC raised its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 0.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,211,623 shares of the company’s stock after acquiring an additional 4,540 shares during the period. Robinhood Markets makes up approximately 57.9% of Ribbit Management Company LLC’s holdings, making the stock its biggest holding. Ribbit Management Company LLC’s holdings in Robinhood Markets were worth $863,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC purchased a new stake in shares of Robinhood Markets during the first quarter worth about $206,000. Price T Rowe Associates Inc. MD grew its position in Robinhood Markets by 169.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,991,586 shares of the company’s stock worth $40,092,000 after purchasing an additional 1,251,495 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in Robinhood Markets during the 1st quarter valued at approximately $988,000. Cetera Advisors LLC acquired a new stake in shares of Robinhood Markets during the first quarter worth $606,000. Finally, EULAV Asset Management lifted its stake in shares of Robinhood Markets by 4.5% during the first quarter. EULAV Asset Management now owns 700,000 shares of the company’s stock worth $14,091,000 after buying an additional 30,000 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Meyer Malka sold 3,225,806 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $25.07, for a total transaction of $80,870,956.42. Following the completion of the sale, the director now directly owns 29,357,336 shares in the company, valued at approximately $735,988,413.52. The trade was a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction 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. In the last three months, insiders sold 4,685,549 shares of company stock worth $114,953,194. Corporate insiders own 19.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HOOD shares. Needham & Company LLC upgraded Robinhood Markets from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Robinhood Markets from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Citigroup upped their target price on Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Sanford C. Bernstein raised their price target on shares of Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, KeyCorp upped their price objective on shares of Robinhood Markets from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.59.

Robinhood Markets Trading Up 3.4 %

Shares of HOOD stock opened at $37.65 on Thursday. The company has a market capitalization of $33.28 billion, a P/E ratio of 63.81, a P/E/G ratio of 0.88 and a beta of 1.84. Robinhood Markets, Inc. has a 12-month low of $8.35 and a 12-month high of $39.74. The business’s 50 day moving average is $27.55 and its two-hundred day moving average is $23.29.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly 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 company 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%. Robinhood Markets’s revenue was up 36.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.09) EPS. On average, research analysts predict that Robinhood Markets, Inc. will post 0.74 earnings per share for the current fiscal 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.