OneDigital Investment Advisors LLC Buys New Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

OneDigital Investment Advisors LLC purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,794 shares of the company's stock, valued at approximately $408,000.

Other large investors also recently bought and sold shares of the company. Whipplewood Advisors LLC grew its stake in Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after buying an additional 508 shares during the period. CoreCap Advisors LLC boosted its position in 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 purchasing an additional 550 shares during the period. Creative Financial Designs Inc. ADV boosted 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 during the period. Colonial Trust Co SC purchased a new position in Robinhood Markets in the fourth quarter valued at about $34,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 purchasing an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Down 0.4%

Shares of NASDAQ:HOOD traded down $0.36 on Friday, reaching $98.34. 60,149,672 shares of the company's stock were exchanged, compared to its average volume of 46,403,384. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $101.46. The business's 50-day moving average is $72.49 and its two-hundred day moving average is $54.91. The firm has a market capitalization of $87.08 billion, a price-to-earnings ratio of 76.51, a PEG ratio of 5.32 and a beta of 2.36.

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). The business had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The business's revenue was up 50.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. Analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup increased their target price on Robinhood Markets from $50.00 to $100.00 and gave the company a "neutral" rating in a research note on Monday. Redburn Atlantic restated a "sell" rating and issued a $48.00 price target (up previously from $40.00) on shares of Robinhood Markets in a report on Monday, June 9th. The Goldman Sachs Group lifted their price objective on shares of Robinhood Markets from $91.00 to $104.00 and gave the company a "buy" rating in a research note on Monday. Morgan Stanley boosted their target price on shares of Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Finally, Cantor Fitzgerald upped their target price on shares of Robinhood Markets from $89.00 to $100.00 and gave the company an "overweight" rating in a research note 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $76.06.

Insiders Place Their Bets

In other news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $93.51, for a total transaction of $548,342.64. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven M. Quirk sold 92,257 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $84.96, for a total transaction of $7,838,154.72. Following the completion of the sale, the insider directly owned 136,364 shares in the company, valued at approximately $11,585,485.44. This trade represents a 40.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,472,702 shares of company stock worth $179,396,832. 14.47% of the stock is currently 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.