On April 6, 2023 at 10:00:56 ET an unusually large
$76.95K block of Call contracts in Robinhood Markets, Inc.
(HOOD) was bought,
with a strike price of $11.00 / share, expiring in 225 days (on November 17, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 1.80 sigmas above the mean, placing it in the 95.87 percentile of all recent large trades made in HOOD options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 24.06% Upside
As of March 30, 2023,
the average one-year price target for Robinhood Markets, Inc. is $12.10.
The forecasts range from a low of $8.08 to a high of $26.25.
The average price target represents an increase of 24.06% from its latest reported closing price of $9.75.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Robinhood Markets, Inc.
is $1,926MM, an increase of 41.83%.
The projected annual non-GAAP EPS
is -$0.46.
What is the Fund Sentiment?
There are 511 funds or institutions reporting positions in Robinhood Markets, Inc..
This is an increase
of
40
owner(s) or 8.49% in the last quarter.
Average portfolio weight of all funds dedicated to HOOD is 1.04%,
a decrease
of 20.57%.
Total shares owned by institutions increased
in the last three months by 4.05% to 579,977K shares.
The put/call ratio of HOOD is 0.71, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Index Venture Associates VI
holds 65,106K shares
representing 7.27% ownership of the company.
No change in the last quarter.
Galileo
holds 58,063K shares
representing 6.48% ownership of the company.
No change in the last quarter.
ARK Investment Management
holds 29,245K shares
representing 3.26% ownership of the company.
In it’s prior filing, the firm reported owning 32,910K shares, representing
a decrease
of 12.53%.
The firm
decreased
its portfolio allocation in HOOD by 10.96% over the last quarter.
Ribbit Capital GP II
holds 26,496K shares
representing 2.96% ownership of the company.
In it’s prior filing, the firm reported owning 26,486K shares, representing
an increase
of 0.04%.
Sumitomo Mitsui Trust Holdings
holds 20,593K shares
representing 2.30% ownership of the company.
In it’s prior filing, the firm reported owning 23,283K shares, representing
a decrease
of 13.06%.
The firm
decreased
its portfolio allocation in HOOD by 31.95% over the last quarter.
Robinhood Markets Background Information
(This description is provided by the company.)
Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California, that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrencies via a mobile app introduced in March 2015.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
