Fullcircle Wealth LLC Increases Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Fullcircle Wealth LLC grew its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 50.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,365 shares of the company's stock after acquiring an additional 5,165 shares during the period. Fullcircle Wealth LLC's holdings in Robinhood Markets were worth $639,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. FMR LLC raised its position in shares of Robinhood Markets by 184.8% during the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after purchasing an additional 26,107,934 shares during the period. Norges Bank bought a new stake in Robinhood Markets in the 4th quarter valued at $329,598,000. GQG Partners LLC bought a new stake in Robinhood Markets in the 4th quarter valued at $302,325,000. Artisan Partners Limited Partnership bought a new stake in Robinhood Markets in the 4th quarter valued at $152,949,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Robinhood Markets by 335.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company's stock valued at $193,202,000 after acquiring an additional 3,994,745 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Robinhood Markets news, insider Steven M. Quirk sold 92,257 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher D. Payne purchased 26,500 shares of the stock in a transaction dated Friday, June 13th. The stock was acquired at an average cost of $74.19 per share, with a total value of $1,966,035.00. Following the transaction, the director directly owned 26,500 shares in the company, valued at approximately $1,966,035. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 2,441,838 shares of company stock worth $176,501,489 over the last 90 days. Corporate insiders own 14.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HOOD shares. Citigroup lifted their price target on shares of Robinhood Markets from $50.00 to $100.00 and gave the company a "neutral" rating in a report on Monday. KeyCorp lifted their price target on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Robinhood Markets from $70.00 to $85.00 and gave the company a "buy" rating in a report on Monday, June 9th. JMP Securities restated a "market outperform" rating and issued a $70.00 target price on shares of Robinhood Markets in a report on Thursday, May 1st. Finally, Needham & Company LLC restated a "buy" rating and issued a $71.00 target price on shares of Robinhood Markets in a report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $72.71.

Robinhood Markets Stock Performance

Robinhood Markets stock traded down $0.94 during trading hours on Monday, hitting $93.46. The company had a trading volume of 49,319,104 shares, compared to its average volume of 29,610,951. The firm has a market cap of $82.76 billion, a P/E ratio of 53.10, a P/E/G ratio of 4.80 and a beta of 2.36. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $100.88. The company has a 50-day moving average price of $68.81 and a two-hundred day moving average price of $53.57.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released 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 48.77% and a return on equity of 15.42%. Robinhood Markets's quarterly revenue was up 50.0% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current 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.