Nisa Investment Advisors LLC Grows Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Nisa Investment Advisors LLC raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 1,673.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,379 shares of the company's stock after acquiring an additional 80,564 shares during the quarter. Nisa Investment Advisors LLC's holdings in Robinhood Markets were worth $3,553,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC raised its stake in shares of Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after buying an additional 508 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Robinhood Markets during the 1st quarter worth $30,000. CoreCap Advisors LLC raised its stake in shares of Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after buying an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after purchasing an additional 750 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Robinhood Markets by 139.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock worth $36,000 after purchasing an additional 498 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Trading Down 0.4%

HOOD traded down $0.36 during midday trading on Friday, hitting $98.34. The company's stock had a trading volume of 60,149,672 shares, compared to its average volume of 30,346,786. The firm has a market cap of $87.08 billion, a P/E ratio of 55.88, a PEG ratio of 5.30 and a beta of 2.36. The firm has a 50-day moving average price of $73.48 and a two-hundred day moving average price of $55.42. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $101.50.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its 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 firm had revenue of $927.00 million for the quarter, compared to analysts' expectations of $917.12 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The firm's revenue for the quarter was up 50.0% compared to the same quarter last year. On average, equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In other news, Director Christopher D. Payne bought 26,500 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of $74.19 per share, for a total transaction of $1,966,035.00. Following the acquisition, the director owned 26,500 shares of the company's stock, valued at $1,966,035. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $93.88, for a total value of $2,347,000.00. Following the sale, the insider owned 816,887 shares of the company's stock, valued at $76,689,351.56. The trade was a 2.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,472,702 shares of company stock worth $179,396,832. Company insiders own 14.47% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on HOOD shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Robinhood Markets from $70.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Redburn Atlantic reiterated a "sell" rating and set a $48.00 price objective (up previously from $40.00) on shares of Robinhood Markets in a research report on Monday, June 9th. Mizuho lifted their price objective on Robinhood Markets from $80.00 to $99.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Cantor Fitzgerald lifted their price objective on Robinhood Markets from $89.00 to $100.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Finally, The Goldman Sachs Group lifted their price objective on Robinhood Markets from $91.00 to $104.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Robinhood Markets currently has an average rating of "Moderate Buy" and a consensus target price of $76.06.

About Robinhood Markets

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.