7,692 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,692 shares of the company's stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. MetLife Investment Management LLC increased its position in shares of Robinhood Markets by 1.5% during the fourth quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock valued at $440,000 after acquiring an additional 171 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Robinhood Markets by 2.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company's stock valued at $368,000 after acquiring an additional 233 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Robinhood Markets by 7.8% during the 4th quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock valued at $142,000 after purchasing an additional 277 shares during the period. Spire Wealth Management increased its holdings in Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company's stock valued at $40,000 after purchasing an additional 549 shares during the period. Finally, CoreCap Advisors LLC increased its holdings in Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.

Insider Activity

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Meyer Malka sold 64,951 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $49.64, for a total value of $3,224,167.64. Following the transaction, the director now owns 3,235,585 shares of the company's stock, valued at approximately $160,614,439.40. The trade was a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,192,688 shares of company stock worth $107,043,646. 14.47% of the stock is owned by corporate insiders.

Robinhood Markets Stock Down 0.6%

HOOD stock traded down $0.37 on Thursday, reaching $64.77. 11,202,414 shares of the company's stock were exchanged, compared to its average volume of 26,467,135. The stock has a fifty day moving average of $49.03 and a 200-day moving average of $45.62. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $67.38. The firm has a market cap of $57.35 billion, a PE ratio of 41.16, a P/E/G ratio of 1.05 and a beta of 2.15.

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 (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $927.00 million during the quarter, compared to analysts' expectations of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The firm's revenue was up 50.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on HOOD. The Goldman Sachs Group upped their target price on Robinhood Markets from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Cantor Fitzgerald cut their price target on Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Barclays lowered their price objective on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. KeyCorp lowered their price objective on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Wolfe Research lowered Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and a consensus price target of $55.41.

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.