Circle Wealth Management LLC Purchases 12,434 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Circle Wealth Management LLC grew its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,517 shares of the company's stock after buying an additional 12,434 shares during the period. Circle Wealth Management LLC's holdings in Robinhood Markets were worth $2,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Robinhood Markets by 184.8% in the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after purchasing an additional 26,107,934 shares during the period. Norges Bank purchased a new position in Robinhood Markets during the 4th quarter valued at about $329,598,000. GQG Partners LLC bought a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $302,325,000. Artisan Partners Limited Partnership bought a new stake in shares of Robinhood Markets in the 4th quarter worth approximately $152,949,000. Finally, Price T Rowe Associates Inc. MD increased its position in Robinhood Markets by 335.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company's stock valued at $193,202,000 after buying an additional 3,994,745 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Performance

Shares of HOOD opened at $49.99 on Thursday. The company has a market capitalization of $44.26 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The company's 50 day simple moving average is $43.07 and its 200 day simple moving average is $42.02.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $927.00 million for the quarter, compared to analysts' expectations of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The firm's quarterly revenue was up 50.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 earnings per share. Equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Activity

In other news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $49.02, for a total value of $1,225,500.00. Following the completion of the transaction, the insider now owns 822,893 shares in the company, valued at approximately $40,338,214.86. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $34.51, for a total value of $201,987.03. Following the sale, the chief technology officer now directly owns 5,853 shares in the company, valued at approximately $201,987.03. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,334,593 shares of company stock worth $114,717,271. 19.95% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on HOOD. KeyCorp reduced their price target on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. JMP Securities restated a "market outperform" rating and issued a $70.00 price target on shares of Robinhood Markets in a research note on Thursday, May 1st. Piper Sandler upped their price objective on Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Wolfe Research downgraded Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $53.24.

Robinhood Markets Company 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.

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