Lee Johnson Capital Management LLC Acquires Shares of 78,096 Robinhood Markets, Inc. (NASDAQ:HOOD)

Lee Johnson Capital Management LLC acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 78,096 shares of the company's stock, valued at approximately $3,250,000. Robinhood Markets accounts for approximately 1.7% of Lee Johnson Capital Management LLC's holdings, making the stock its 21st largest position.

Other large investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its stake in Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after buying an additional 508 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Robinhood Markets in the first quarter worth about $30,000. CoreCap Advisors LLC increased its holdings in shares of Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after buying an additional 550 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after buying an additional 750 shares during the period. Finally, Colonial Trust Co SC purchased a new position in shares of Robinhood Markets in the fourth quarter worth about $34,000. Institutional investors own 93.27% of the company's stock.

Insiders Place Their Bets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $93.51, for a total value of $548,342.64. Following the completion of the sale, the chief technology officer owned 8,908 shares in the company, valued at approximately $832,987.08. This represents a 39.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven M. Quirk sold 92,257 shares of the stock in a transaction 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. Insiders have sold a total of 2,472,702 shares of company stock worth $179,396,832 in the last three months. 14.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HOOD. Needham & Company LLC restated a "buy" rating and set a $71.00 price target on shares of Robinhood Markets in a report on Tuesday, May 27th. Cantor Fitzgerald boosted their price target on Robinhood Markets from $89.00 to $100.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Morgan Stanley upped their price objective on Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. KeyCorp upped their price objective on Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Mizuho upped their price objective on Robinhood Markets from $80.00 to $99.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $76.06.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD traded up $4.14 during midday trading on Thursday, hitting $98.68. The company had a trading volume of 45,561,645 shares, compared to its average volume of 30,002,497. The company has a market cap of $87.37 billion, a price-to-earnings ratio of 56.07, a PEG ratio of 4.64 and a beta of 2.36. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $100.88. The company has a fifty day moving average of $71.45 and a two-hundred day moving average of $54.49.

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). Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The business had revenue of $927.00 million during the quarter, compared to analysts' expectations of $917.12 million. During the same quarter in the previous year, the company posted $0.18 EPS. The company's quarterly revenue was up 50.0% on a year-over-year basis. Research 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.