Park Avenue Securities LLC Raises Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Park Avenue Securities LLC raised its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 62.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,272 shares of the company's stock after acquiring an additional 24,441 shares during the period. Park Avenue Securities LLC's holdings in Robinhood Markets were worth $2,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC grew its holdings in Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after purchasing an additional 508 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after buying an additional 550 shares during the period. Creative Financial Designs Inc. ADV grew its stake in shares of Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after buying an additional 750 shares during the last quarter. Colonial Trust Co SC bought a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $34,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Robinhood Markets by 139.9% in 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 period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $43.36, for a total value of $253,786.08. Following the transaction, the chief technology officer now directly owns 11,706 shares of the company's stock, valued at approximately $507,572.16. The trade was a 33.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,232,636 shares of company stock valued at $111,898,793. 14.47% of the stock is currently owned by insiders.

Robinhood Markets Stock Performance

Robinhood Markets stock traded down $0.79 during mid-day trading on Friday, reaching $73.05. 7,687,070 shares of the company were exchanged, compared to its average volume of 27,204,510. The firm has a market cap of $64.69 billion, a P/E ratio of 46.24, a PEG ratio of 1.05 and a beta of 2.25. The business has a fifty day moving average of $55.45 and a 200 day moving average of $48.40. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $77.80.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HOOD shares. Redburn Atlantic restated a "sell" rating and set a $48.00 price objective (up previously from $40.00) on shares of Robinhood Markets in a report on Monday. Cantor Fitzgerald lowered their target price on shares of Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Citigroup cut their price target 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. Morgan Stanley lifted their price objective on shares of Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Finally, Barclays lowered their price objective on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $57.17.

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.