CreativeOne Wealth LLC Purchases New Position in Robinhood Markets, Inc. $HOOD

CreativeOne Wealth LLC purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,934 shares of the company's stock, valued at approximately $330,000.

Several other institutional investors have also recently added to or reduced their stakes in HOOD. MetLife Investment Management LLC lifted its holdings in Robinhood Markets by 1.5% during the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock valued at $440,000 after purchasing an additional 171 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Robinhood Markets by 11.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 44,296 shares of the company's stock valued at $1,650,000 after purchasing an additional 4,556 shares during the last quarter. Comerica Bank lifted its holdings in Robinhood Markets by 167.3% during the 4th quarter. Comerica Bank now owns 11,894 shares of the company's stock valued at $443,000 after purchasing an additional 7,444 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Robinhood Markets by 224.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 103,583 shares of the company's stock valued at $3,860,000 after purchasing an additional 71,652 shares during the last quarter. Finally, AXA S.A. lifted its holdings in Robinhood Markets by 1,562.7% during the 4th quarter. AXA S.A. now owns 153,248 shares of the company's stock valued at $5,710,000 after purchasing an additional 144,031 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Stock Up 0.3%

Robinhood Markets stock opened at $104.03 on Tuesday. The stock has a market capitalization of $92.45 billion, a PE ratio of 52.81, a price-to-earnings-growth ratio of 3.81 and a beta of 2.36. Robinhood Markets, Inc. has a twelve month low of $18.71 and a twelve month high of $117.70. The company has a 50 day moving average of $102.25 and a 200-day moving average of $70.27.

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

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 40,131 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $104.71, for a total value of $4,202,117.01. Following the sale, the insider owned 120,408 shares of the company's stock, valued at $12,607,921.68. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Baiju Bhatt sold 418,338 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $109.39, for a total transaction of $45,761,993.82. The disclosure for this sale can be found here. Insiders have sold a total of 5,688,606 shares of company stock valued at $561,670,429 over the last 90 days. 19.95% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Mizuho lifted their price target on shares of Robinhood Markets from $99.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Piper Sandler boosted their target price on shares of Robinhood Markets from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Keefe, Bruyette & Woods boosted their target price on shares of Robinhood Markets from $89.00 to $106.00 and gave the stock a "market perform" rating in a research note on Thursday, July 31st. Needham & Company LLC boosted their target price on shares of Robinhood Markets from $71.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley increased their target price on Robinhood Markets from $43.00 to $110.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Robinhood Markets has an average rating of "Moderate Buy" and a consensus price target of $100.31.

About Robinhood Markets

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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