Leeward Financial Partners LLC Purchases New Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Key Points

• Leeward Financial Partners LLC purchased 5,000 shares of Robinhood Markets, Inc. for approximately $208,000 in Q1, indicating growing institutional interest.
• Several analysts revised their price targets for Robinhood, with Barclays increasing it to $120.00 and Morgan Stanley to $110.00, highlighting optimism about the company's future.
• Insider transactions revealed significant share sales, including CTO Jeffrey Tsvi Pinner selling 5,864 shares and insider Daniel Martin Gallagher, Jr. selling 225,000 shares, leading to a substantial decrease in their ownership stakes.

Leeward Financial Partners LLC bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,000 shares of the company's stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HOOD. MetLife Investment Management LLC grew its position in shares of Robinhood Markets by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock valued at $440,000 after buying an additional 171 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Robinhood Markets by 4.0% in the 1st quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company's stock valued at $290,000 after buying an additional 265 shares during the last quarter. Allworth Financial LP grew its position in shares of Robinhood Markets by 23.4% in the 1st quarter. Allworth Financial LP now owns 1,401 shares of the company's stock valued at $58,000 after buying an additional 266 shares during the last quarter. HighPoint Advisor Group LLC grew its position in shares of Robinhood Markets by 0.8% in the 1st quarter. HighPoint Advisor Group LLC now owns 36,510 shares of the company's stock valued at $1,520,000 after buying an additional 272 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its position in shares of Robinhood Markets by 1.1% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 28,850 shares of the company's stock valued at $1,201,000 after buying an additional 320 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Stock Up 0.2%

NASDAQ:HOOD traded up $0.19 on Wednesday, hitting $105.65. The stock had a trading volume of 32,930,766 shares, compared to its average volume of 45,839,716. The business's fifty day moving average is $89.38 and its 200 day moving average is $63.12. The company has a market cap of $93.55 billion, a PE ratio of 53.63, a P/E/G ratio of 4.02 and a beta of 2.36. Robinhood Markets, Inc. has a 52 week low of $16.68 and a 52 week high of $113.44.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.12. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%. The company had revenue of $989.00 million for the quarter, compared to analysts' expectations of $893.93 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Robinhood Markets's quarterly revenue was up 45.0% on a year-over-year basis. Equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Robinhood Markets from $70.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, June 9th. The Goldman Sachs Group upped their target price on Robinhood Markets from $91.00 to $104.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Needham & Company LLC upped their target price on Robinhood Markets from $71.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, JMP Securities upped their target price on Robinhood Markets from $125.00 to $130.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.29.

Insider Buying and Selling

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $104.23, for a total transaction of $2,605,750.00. Following the completion of the sale, the insider owned 566,887 shares in the company, valued at approximately $59,086,632.01. This represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $104.73, for a total value of $614,136.72. Following the sale, the chief technology officer owned 3,044 shares of the company's stock, valued at $318,798.12. This trade represents a 65.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,830,629 shares of company stock worth $438,930,436. 14.47% of the stock is owned by corporate insiders.

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.