5,100 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Purchased by SFG Wealth Management LLC.

SFG Wealth Management LLC. purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,100 shares of the company's stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. IFP Advisors Inc increased its stake in shares of Robinhood Markets by 601.1% in the fourth quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock worth $164,000 after buying an additional 3,769 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Robinhood Markets in the 1st quarter worth about $277,000. Charles Schwab Investment Management Inc. raised its stake in shares of Robinhood Markets by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock valued at $175,857,000 after purchasing an additional 138,267 shares in the last quarter. Aigen Investment Management LP lifted its position in shares of Robinhood Markets by 161.2% during the fourth quarter. Aigen Investment Management LP now owns 85,868 shares of the company's stock worth $3,199,000 after purchasing an additional 52,988 shares during the last quarter. Finally, Allegiance Financial Group Advisory Services LLC acquired a new position in Robinhood Markets in the fourth quarter worth about $207,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HOOD has been the topic of several research reports. Cantor Fitzgerald cut their price objective on Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a research report on Thursday, March 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $71.00 price objective on shares of Robinhood Markets in a report on Tuesday, May 27th. Barclays reduced their price target on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $58.00.

Insider Activity

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $38.31, for a total value of $957,750.00. Following the completion of the transaction, the insider now owns 822,825 shares of the company's stock, valued at approximately $31,522,425.75. This trade represents a 2.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,380,434 shares of company stock valued at $131,340,572 over the last three months. Insiders own 14.47% of the company's stock.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $82.75 on Thursday. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $85.55. The firm has a market capitalization of $73.27 billion, a PE ratio of 47.02, a P/E/G ratio of 4.84 and a beta of 2.25. The company's 50 day simple moving average is $62.15 and its 200 day simple moving average is $50.85.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. Robinhood Markets's revenue was up 50.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 earnings per share. Sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

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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