Handle With Care: Robinhood Markets Inc (NASDAQ: HOOD)

The Vanguard Group, Inc. recently announced the acquisition of new stake in Robinhood Markets Inc (NASDAQ:HOOD). The institutional investor has increased its shareholding in the Financial company by 3.93% to 56.53 million shares with purchase of 2.14 million shares. This fresh investment now brings its stake to 7.66% valued currently at $720.2 million. In addition, ARK Investment Management LLC raised its holdings by 0.92 million to 32.83 million shares.

With over 16.31 million Robinhood Markets Inc (HOOD) shares trading Friday and a closing price of $11.02 on the day, the dollar volume was approximately $179.75 million. The shares have shown a negative half year performance of -10.99% and its price on 01/12/24 lost nearly -5.89%. Currently, there are 764.89M common shares owned by the public and among those 439.06M shares have been available to trade.

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Insiders at the company have transacted a total of 136 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 70 of these insider trades were purchases, accounting for 2,618,067 shares. Insider sales of the common stock occurred on 66 occasions, with total insider shares sold totaling 3,052,411 shares.

The top 3 mutual fund holders in Robinhood Markets Inc are ARK Innovation ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. ARK Innovation ETF owns 21.2 million shares of the company’s stock, all valued at over $270.06 million. The company sold 98176.0 shares recently to bring their total holdings to about 2.87% of the shares outstanding. Vanguard Total Stock Market ETF bought 26771.0 shares to see its total holdings expand to 19.69 million shares valued at over $250.9 million and representing 2.67% of the shares outstanding. Vanguard Small Cap Index Fund bought 74865.0 shares to bring its total holdings to over 16.26 million shares at a value of $207.12 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.20% of the shares outstanding.

Shares of Robinhood Markets Inc (NASDAQ: HOOD) opened at $11.50, down -$0.21 from a prior closing price of $11.71. The company’s stock has a 5-day price change of -7.32% and 18.62% over the past three months. HOOD shares are trading -13.50% year to date (YTD), with the 12-month market performance up to 25.80% higher. It has a 12-month low price of $7.91 and touched a high of $13.51 over the same period. HOOD has an average intraday trading volume of 12.83 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -11.11%, 4.96%, and 8.25% respectively.

Institutional ownership of Robinhood Markets Inc (NASDAQ: HOOD) shares accounts for 36.60% of the company’s 764.89M shares outstanding. Mutual fund holders own 21.63%, while other institutional holders and individual stakeholders account for 22.32% and 21.33% respectively.

It has a market capitalization of $9.53B and a beta (3y monthly) value of 1.41. The earnings-per-share (ttm) stands at -$0.82. The company has a debt-to-equity ratio at 0.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.03% over the week and 4.77% over the month.

Analysts forecast that Robinhood Markets Inc (HOOD) will achieve an EPS of $Gladstone Commercial Corporatio for the current quarter, $13.47 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $HOOKIPA Pharma Inc. while analysts give the company a high EPS estimate of $iShares Global Timber & Forestr. Comparatively, EPS for the current quarter was $MOOD a year ago. Earnings per share for the fiscal year are expected to increase by 44.72%, and 114.26% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 16 brokerage firm advisors rate Robinhood Markets Inc (HOOD) as a “Moderate Buy” at a consensus score of 2.81. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 9 of the 16 advise that investors “hold,” and 2 rated it as a “Sell.”

Looking at the support for the HOOD, a number of firms have released research notes about the stock. Redburn Atlantic stated their Neutral rating for the stock in a research note on December 01, 2023, with the firm’s price target at $9.50.

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