Magnus Financial Group LLC Takes $221,000 Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Magnus Financial Group LLC purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,308 shares of the company's stock, valued at approximately $221,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MetLife Investment Management LLC lifted its holdings in Robinhood Markets by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock valued at $440,000 after purchasing an additional 171 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Robinhood Markets by 2.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company's stock valued at $368,000 after purchasing an additional 233 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Robinhood Markets by 7.8% during the fourth quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock worth $142,000 after buying an additional 277 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Robinhood Markets by 139.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock worth $36,000 after buying an additional 498 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in Robinhood Markets by 564.4% in the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after buying an additional 508 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Performance

Shares of HOOD traded down $1.48 during midday trading on Monday, hitting $73.40. The company had a trading volume of 65,444,976 shares, compared to its average volume of 27,106,260. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $77.80. The firm has a market capitalization of $64.99 billion, a P/E ratio of 46.75, a P/E/G ratio of 1.05 and a beta of 2.25. The company's 50-day simple moving average is $52.58 and its 200-day simple moving average is $47.54.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The company's revenue was up 50.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. Equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HOOD. Cantor Fitzgerald reduced their price target on Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Citigroup decreased their target price on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Wolfe Research downgraded shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Redburn Atlantic reiterated a "sell" rating and issued a $48.00 price objective (up from $40.00) on shares of Robinhood Markets in a report on Monday. Finally, Piper Sandler upped their price target on Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. One 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $56.17.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $34.51, for a total transaction of $201,987.03. Following the transaction, the chief technology officer now owns 5,853 shares of the company's stock, valued at $201,987.03. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $71.64, for a total value of $1,791,000.00. Following the completion of the sale, the insider now owns 841,887 shares of the company's stock, valued at approximately $60,312,784.68. This represents a 2.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,226,771 shares of company stock valued at $111,467,774 over the last quarter. 14.47% of the stock is owned by insiders.

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.