4,788 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,788 shares of the company's stock, valued at approximately $199,000.

Other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC grew its position in shares of Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after buying an additional 508 shares during the period. Wayfinding Financial LLC bought a new position in shares of Robinhood Markets in the 1st quarter worth $30,000. CoreCap Advisors LLC lifted its holdings in shares of 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 purchasing an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of 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 purchasing an additional 750 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings 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 in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $60.00 target price on shares of Robinhood Markets in a report on Thursday, March 27th. JPMorgan Chase & Co. raised their price objective on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Redburn Atlantic restated a "sell" rating and set a $48.00 price objective (up from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. The Goldman Sachs Group lifted their target price on Robinhood Markets from $91.00 to $104.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, KeyCorp lifted their target price on Robinhood Markets from $60.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.06.

Insider Activity

In other news, Director Christopher D. Payne bought 26,500 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was bought at an average price of $74.19 per share, for a total transaction of $1,966,035.00. Following the transaction, the director directly owned 26,500 shares of the company's stock, valued at $1,966,035. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven M. Quirk sold 92,257 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $84.96, for a total value of $7,838,154.72. Following the completion of the sale, the insider owned 136,364 shares of the company's stock, valued at $11,585,485.44. The trade was a 40.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,472,702 shares of company stock worth $179,396,832. Company insiders own 14.47% of the company's stock.

Robinhood Markets Trading Down 0.4%

Shares of HOOD traded down $0.36 during trading hours on Friday, reaching $98.34. 60,149,672 shares of the company's stock traded hands, compared to its average volume of 30,346,786. The stock has a market cap of $87.08 billion, a PE ratio of 55.88, a price-to-earnings-growth ratio of 5.30 and a beta of 2.36. The firm's 50 day simple moving average is $73.48 and its 200-day simple moving average is $55.42. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $101.50.

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