Northwest Wealth Management LLC Buys Shares of 4,060 Robinhood Markets, Inc. $HOOD

Key Points

• Northwest Wealth Management LLC has acquired 4,060 shares of Robinhood Markets, Inc., valued at approximately $380,000, during the second quarter, reflecting ongoing interest from institutional investors.
• Insider trading activity indicates significant sales, with private transactions totaling $511,774,417 in the last three months, representing a notable decrease in ownership stakes among corporate insiders.
• Robinhood's recent earnings report exceeded analyst expectations, posting an EPS of $0.42 and a revenue of $989 million for the quarter, up 45.0% year-over-year.

Northwest Wealth Management LLC acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,060 shares of the company's stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HOOD. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Robinhood Markets during the 4th quarter valued at $4,886,000. Wellington Management Group LLP bought a new position in shares of Robinhood Markets during the 4th quarter valued at $588,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Robinhood Markets by 139.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock valued at $36,000 after acquiring an additional 498 shares during the period. AdvisorNet Financial Inc lifted its holdings in Robinhood Markets by 103.0% in the first quarter. AdvisorNet Financial Inc now owns 6,846 shares of the company's stock valued at $285,000 after acquiring an additional 3,474 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Robinhood Markets by 5,733.0% in the first quarter. GAMMA Investing LLC now owns 341,700 shares of the company's stock valued at $14,222,000 after acquiring an additional 335,842 shares during the period. Institutional investors own 93.27% of the company's stock.

Insider Activity at Robinhood Markets

In other news, insider Steven M. Quirk sold 60,113 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the sale, the insider owned 94,454 shares in the company, valued at $9,531,353.14. This trade represents a 38.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Meyer Malka sold 1,093,288 shares of Robinhood Markets stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $103.87, for a total transaction of $113,559,824.56. Following the sale, the director owned 3,976,234 shares in the company, valued at approximately $413,011,425.58. The trade was a 21.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,931,462 shares of company stock worth $511,774,417 in the last three months. Corporate insiders own 19.95% of the company's stock.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $136.72 on Tuesday. The company's fifty day moving average price is $111.13 and its 200-day moving average price is $80.02. The company has a market capitalization of $121.50 billion, a price-to-earnings ratio of 69.40, a PEG ratio of 4.34 and a beta of 2.36. Robinhood Markets, Inc. has a one year low of $22.05 and a one year high of $136.84.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HOOD shares. JMP Securities increased their price objective on shares of Robinhood Markets from $125.00 to $130.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 31st. Morgan Stanley increased their price target on shares of Robinhood Markets from $43.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Compass Point raised their target price on Robinhood Markets from $64.00 to $96.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Redburn Atlantic reaffirmed a "sell" rating and issued a $48.00 target price (up from $40.00) on shares of Robinhood Markets in a report on Monday, June 9th. Finally, Barclays raised their target price on Robinhood Markets from $102.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average target price of $104.06.

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.

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