6,000 Shares in Robinhood Markets, Inc. $HOOD Purchased by Mill Creek Capital Advisors LLC

Key Points

• Mill Creek Capital Advisors LLC acquired a new position in Robinhood Markets, purchasing 6,000 shares valued at approximately $250,000 in the first quarter.
• Insider Daniel Martin Gallagher, Jr. sold 25,000 shares for about $2.6 million, reducing his ownership in the company by 4.22%.
• Robinhood markets experienced a 3.1% increase in stock price, and the company reported a 45% year-over-year revenue growth, reaching $989 million for the quarter.

Mill Creek Capital Advisors LLC acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,000 shares of the company's stock, valued at approximately $250,000.

Other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC grew its holdings in shares of Robinhood Markets by 184.4% in the first quarter. TD Private Client Wealth LLC now owns 1,829 shares of the company's stock worth $76,000 after acquiring an additional 1,186 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Robinhood Markets by 125.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 19,201 shares of the company's stock worth $799,000 after acquiring an additional 10,703 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in shares of Robinhood Markets in the first quarter worth $277,000. Burns Matteson Capital Management LLC bought a new stake in shares of Robinhood Markets in the first quarter worth $495,000. Finally, Deutsche Bank AG grew its holdings in shares of Robinhood Markets by 137.6% in the first quarter. Deutsche Bank AG now owns 1,761,767 shares of the company's stock worth $73,325,000 after acquiring an additional 1,020,286 shares during the period. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock traded down $2.2310 during trading hours on Wednesday, hitting $105.2690. The company's stock had a trading volume of 52,294,753 shares, compared to its average volume of 41,804,160. The business has a 50 day moving average price of $96.89 and a two-hundred day moving average price of $67.07. Robinhood Markets, Inc. has a 12-month low of $18.71 and a 12-month high of $117.70. The company has a market cap of $93.55 billion, a PE ratio of 53.44, a PEG ratio of 4.39 and a beta of 2.36.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.30 by $0.12. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The business had revenue of $989.00 million for the quarter, compared to the consensus estimate of $893.93 million. During the same period in the previous year, the business earned $0.21 earnings per share. The business's revenue was up 45.0% on a year-over-year basis. As a group, research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Compass Point lifted their price objective on Robinhood Markets from $64.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, June 27th. JMP Securities boosted their price target on Robinhood Markets from $125.00 to $130.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Citigroup boosted their price target on Robinhood Markets from $100.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, Cantor Fitzgerald boosted their price target on Robinhood Markets from $100.00 to $118.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $100.31.

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 104,887 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $70.14, for a total value of $7,356,774.18. Following the transaction, the insider directly owned 228,621 shares in the company, valued at $16,035,476.94. The trade was a 31.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 225,000 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $99.97, for a total value of $22,493,250.00. Following the completion of the transaction, the insider owned 591,887 shares in the company, valued at $59,170,943.39. The trade was a 27.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,644,685 shares of company stock valued at $448,881,884 over the last three months. 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.