Focus Partners Advisor Solutions LLC Acquires 3,313 Shares of Robinhood Markets, Inc. $HOOD

Focus Partners Advisor Solutions LLC raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 43.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,005 shares of the company's stock after purchasing an additional 3,313 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Robinhood Markets were worth $458,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HOOD. The Manufacturers Life Insurance Company raised its position in Robinhood Markets by 11.5% in 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 raised its position in Robinhood Markets by 167.3% in 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. Ameriprise Financial Inc. raised its position in Robinhood Markets by 5.6% in the 4th quarter. Ameriprise Financial Inc. now owns 1,381,719 shares of the company's stock valued at $51,483,000 after purchasing an additional 73,829 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at $305,000. Finally, Captrust Financial Advisors increased its position in Robinhood Markets by 142.0% in the fourth quarter. Captrust Financial Advisors now owns 45,846 shares of the company's stock worth $1,708,000 after purchasing an additional 26,904 shares during the period. Institutional investors own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HOOD shares. Citigroup lifted their price objective on Robinhood Markets from $100.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Morgan Stanley upped their price objective on Robinhood Markets from $43.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Compass Point boosted their price target on Robinhood Markets from $64.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Keefe, Bruyette & Woods raised their price objective on Robinhood Markets from $89.00 to $106.00 and gave the company a "market perform" rating in a research report on Thursday, July 31st. Finally, Mizuho lifted their price target on Robinhood Markets from $99.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $100.31.

Robinhood Markets Stock Down 1.6%

Shares of HOOD stock opened at $101.25 on Friday. The company has a market cap of $89.98 billion, a P/E ratio of 51.40, a P/E/G ratio of 3.77 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 business has a fifty day simple moving average of $103.72 and a 200 day simple moving average of $71.23.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 earnings per share 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 return on equity of 17.48% and a net margin of 50.13%.Robinhood Markets's quarterly revenue was up 45.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Meyer Malka sold 1,093,288 shares of the company's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $103.87, for a total transaction of $113,559,824.56. Following the sale, the director owned 3,976,234 shares in the company, valued at $413,011,425.58. This represents a 21.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Baiju Bhatt sold 418,338 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $109.39, for a total value of $45,761,993.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,767,854 shares of company stock worth $569,828,413. Corporate insiders own 14.47% of the company's stock.

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.

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