Fiduciary Alliance LLC Invests $2.18 Million in Robinhood Markets, Inc. (NASDAQ:HOOD)

Fiduciary Alliance LLC acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 52,301 shares of the company's stock, valued at approximately $2,177,000.

Several other institutional investors also recently made changes to their positions in the stock. CoreCap Advisors LLC boosted its position in shares of Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after buying an additional 550 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after acquiring an additional 750 shares in the last quarter. Colonial Trust Co SC acquired a new position in Robinhood Markets during the 4th quarter worth $34,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Robinhood Markets by 139.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock worth $36,000 after purchasing an additional 498 shares during the last quarter. Finally, Silicon Valley Capital Partners acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at about $37,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 418,338 shares of Robinhood Markets stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $64.46, for a total transaction of $26,966,067.48. Following the completion of the sale, the director now owns 7,863 shares of the company's stock, valued at approximately $506,848.98. The trade was a 98.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven M. Quirk sold 24,311 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $54.93, for a total value of $1,335,403.23. Following the transaction, the insider now owns 299,349 shares of the company's stock, valued at $16,443,240.57. The trade was a 7.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,102,737 shares of company stock worth $102,593,978 over the last ninety days. Corporate insiders own 14.47% of the company's stock.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock traded up $3.74 during trading on Tuesday, reaching $71.72. The company's stock had a trading volume of 43,165,705 shares, compared to its average volume of 26,578,629. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $72.70. The firm has a market cap of $63.51 billion, a price-to-earnings ratio of 45.68, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The business's fifty day moving average price is $50.14 and its 200-day moving average price is $46.49.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The firm's quarterly revenue was up 50.0% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. Sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on HOOD. Morgan Stanley boosted their price objective on Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $60.00 target price on shares of Robinhood Markets in a research note on Thursday, March 27th. 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 report on Wednesday, April 23rd. Raymond James assumed coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They issued a "market perform" rating on the stock. Finally, Citigroup decreased their target price on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and a consensus price target of $55.41.

Robinhood Markets 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.