6,000 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. bought 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 and Exchange Commission (SEC). The institutional investor bought 6,000 shares of the company's stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC boosted its stake in Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after buying an additional 508 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Robinhood Markets during the first quarter valued at approximately $30,000. CoreCap Advisors LLC boosted its stake 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 purchasing an additional 550 shares during the period. Creative Financial Designs Inc. ADV boosted 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 purchasing an additional 750 shares during the period. Finally, Colonial Trust Co SC purchased a new stake in shares of Robinhood Markets during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 104,887 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $70.14, for a total transaction of $7,356,774.18. Following the completion of the transaction, the insider directly owned 228,621 shares in the company, valued at $16,035,476.94. This trade represents 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 through the SEC website. Also, Director Baiju Bhatt sold 418,338 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $64.46, for a total value of $26,966,067.48. Following the transaction, the director owned 7,863 shares of the company's stock, valued at $506,848.98. The trade was a 98.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,472,702 shares of company stock worth $179,396,832. 14.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HOOD shares. Mizuho increased their price objective on Robinhood Markets from $80.00 to $99.00 and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Barclays increased their price objective on Robinhood Markets from $57.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday. The Goldman Sachs Group increased their price objective on Robinhood Markets from $91.00 to $104.00 and gave the company a "buy" rating in a research note on Monday. JPMorgan Chase & Co. increased their price objective on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Finally, Cantor Fitzgerald raised their price target on Robinhood Markets from $89.00 to $100.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. 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 company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.06.

Robinhood Markets Trading Down 0.4%

HOOD traded down $0.36 during trading on Friday, reaching $98.34. The stock had a trading volume of 60,117,912 shares, compared to its average volume of 30,197,946. The stock's 50 day moving average is $72.49 and its two-hundred day moving average is $54.91. The company has a market capitalization of $87.08 billion, a price-to-earnings ratio of 55.88, a P/E/G ratio of 4.77 and a beta of 2.36. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $101.46.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data 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 firm 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%. Robinhood Markets's revenue for the quarter was up 50.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 EPS. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

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.