Annex Advisory Services LLC Acquires 151,585 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Annex Advisory Services LLC lifted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 734,454 shares of the company's stock after purchasing an additional 151,585 shares during the period. Annex Advisory Services LLC owned 0.08% of Robinhood Markets worth $30,568,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC raised its holdings in Robinhood Markets by 564.4% in the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after acquiring an additional 508 shares during the period. CoreCap Advisors LLC raised its holdings in Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after acquiring an additional 550 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in Robinhood Markets by 750.0% in 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 during the period. Colonial Trust Co SC bought a new position in Robinhood Markets in the 4th quarter worth $34,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in 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 acquiring an additional 498 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.

Insiders Place Their Bets

In other news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $43.36, for a total transaction of $253,786.08. Following the sale, the chief technology officer now directly owns 11,706 shares in the company, valued at $507,572.16. This trade represents a 33.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,096,884 shares of company stock valued at $102,320,000. 14.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on HOOD. Compass Point began coverage on shares of Robinhood Markets in a report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 target price on the stock. Mizuho boosted their price objective on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Piper Sandler boosted their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $60.00 price objective on shares of Robinhood Markets in a report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $55.41.

Robinhood Markets Stock Performance

Robinhood Markets stock traded up $0.24 during trading hours on Thursday, hitting $72.51. 64,629,147 shares of the stock were exchanged, compared to its average volume of 26,841,031. The stock has a market capitalization of $64.20 billion, a P/E ratio of 46.19, a P/E/G ratio of 1.05 and a beta of 2.25. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $76.72. The business's 50-day moving average is $51.92 and its two-hundred day moving average is $47.11.

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 firm had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Robinhood Markets's quarterly revenue was up 50.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 earnings per share. On average, equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

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.