6,742 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by True Vision MN LLC

True Vision MN LLC purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,742 shares of the company's stock, valued at approximately $281,000.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of Robinhood Markets by 1,631.5% in the 4th quarter. Jones Financial Companies Lllp now owns 3,463 shares of the company's stock worth $129,000 after acquiring an additional 3,263 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Robinhood Markets by 43.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,028 shares of the company's stock valued at $523,000 after purchasing an additional 4,228 shares during the period. Victory Capital Management Inc. increased its stake in Robinhood Markets by 87.6% in the 4th quarter. Victory Capital Management Inc. now owns 220,160 shares of the company's stock worth $8,203,000 after purchasing an additional 102,777 shares in the last quarter. M&T Bank Corp raised its holdings in Robinhood Markets by 7.2% during the 4th quarter. M&T Bank Corp now owns 30,379 shares of the company's stock worth $1,132,000 after buying an additional 2,034 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Robinhood Markets during the fourth quarter valued at about $2,367,000. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $94.54 on Thursday. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $100.88. The company has a market cap of $83.71 billion, a P/E ratio of 53.72, a P/E/G ratio of 4.64 and a beta of 2.36. The stock's 50-day moving average is $71.45 and its 200-day moving average is $54.49.

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 analysts' consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The business had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. During the same quarter last year, the firm earned $0.18 earnings per share. The firm's quarterly revenue was up 50.0% compared to the same quarter last year. As a group, equities analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 104,887 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $70.14, for a total value of $7,356,774.18. Following the completion of the sale, the insider owned 228,621 shares in the company, valued at approximately $16,035,476.94. This trade represents a 31.45% 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, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $93.27, for a total value of $69,952,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,472,702 shares of company stock worth $179,396,832. 14.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on HOOD. Barclays reduced their price target on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Redburn Atlantic reaffirmed a "sell" rating and issued a $48.00 target price (up previously from $40.00) on shares of Robinhood Markets in a research report on Monday, June 9th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a report on Thursday, March 27th. Cantor Fitzgerald upped their price target on Robinhood Markets from $89.00 to $100.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Robinhood Markets from $70.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $72.71.

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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