Diversify Advisory Services LLC Takes Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Diversify Advisory Services LLC purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 19,842 shares of the company's stock, valued at approximately $826,000.

A number of other institutional investors have also made changes to their positions in the stock. Whipplewood Advisors LLC boosted its stake in shares of Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after purchasing an additional 508 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Robinhood Markets in the first quarter valued at approximately $30,000. CoreCap Advisors LLC boosted its stake in shares of Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after purchasing an additional 550 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares during the period. Finally, Colonial Trust Co SC purchased a new position in shares of Robinhood Markets in the fourth quarter valued at approximately $34,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on HOOD shares. JMP Securities raised their price objective on shares of Robinhood Markets from $70.00 to $125.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Barclays raised their price objective on shares of Robinhood Markets from $57.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Robinhood Markets from $70.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Morgan Stanley lifted their price target on shares of Robinhood Markets from $43.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $71.00 price target on shares of Robinhood Markets in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.29.

Insider Buying and Selling at Robinhood Markets

In other news, insider Steven M. Quirk sold 92,257 shares of Robinhood Markets stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $84.96, for a total value of $7,838,154.72. Following the transaction, the insider directly owned 136,364 shares of the company's stock, valued at $11,585,485.44. The trade was a 40.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher D. Payne bought 26,500 shares of the business's stock in a transaction dated Friday, June 13th. The stock was acquired at an average cost of $74.19 per share, for a total transaction of $1,966,035.00. Following the completion of the acquisition, the director directly owned 26,500 shares in the company, valued at approximately $1,966,035. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 2,749,630 shares of company stock worth $221,118,663. 14.47% of the stock is owned by insiders.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD traded up $4.29 during trading on Friday, hitting $109.74. 73,491,307 shares of the company were exchanged, compared to its average volume of 31,069,172. The stock has a market capitalization of $97.17 billion, a P/E ratio of 62.35, a PEG ratio of 5.60 and a beta of 2.36. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $113.44. The firm's 50 day moving average price is $78.73 and its 200-day moving average price is $57.69.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share 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 return on equity of 15.42% and a net margin of 48.77%. The firm's quarterly revenue was up 50.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 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.