Premier Path Wealth Partners LLC Buys Shares of 5,030 Robinhood Markets, Inc. (NASDAQ:HOOD)

Premier Path Wealth Partners LLC purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,030 shares of the company's stock, valued at approximately $209,000.

Other hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC increased its position in shares of Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after acquiring an additional 508 shares during the last quarter. CoreCap Advisors LLC grew its stake in Robinhood Markets by 191.6% in 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 in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of 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 last quarter. Colonial Trust Co SC acquired a new position in shares of Robinhood Markets during the 4th quarter worth approximately $34,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of 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. 93.27% of the stock is owned by institutional investors.

Insider Activity at Robinhood Markets

In related news, Director Baiju Bhatt sold 47,023 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $46.37, for a total value of $2,180,456.51. Following the completion of the transaction, the director now owns 5,042 shares of the company's stock, valued at $233,797.54. The trade was a 90.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher D. Payne acquired 26,500 shares of Robinhood Markets stock in a transaction on Friday, June 13th. The shares were purchased at an average price of $74.19 per share, for a total transaction of $1,966,035.00. Following the completion of the purchase, the director now directly owns 26,500 shares of the company's stock, valued at approximately $1,966,035. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 2,421,593 shares of company stock worth $133,064,692. Company insiders own 14.47% of the company's stock.

Robinhood Markets Stock Up 0.2%

Shares of Robinhood Markets stock traded up $0.15 during trading on Friday, reaching $78.50. The company's stock had a trading volume of 37,155,167 shares, compared to its average volume of 27,666,698. The business's 50-day moving average price is $59.90 and its 200-day moving average price is $50.09. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $79.38. The firm has a market cap of $69.51 billion, a PE ratio of 44.60, a P/E/G ratio of 4.63 and a beta of 2.25.

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 the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The business had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. During the same quarter last year, the firm earned $0.18 EPS. Robinhood Markets's revenue for the quarter was up 50.0% compared to the same quarter last year. Equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of recent analyst reports. Citigroup lowered their target price 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. KeyCorp dropped their target price on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. raised their target price on shares of Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Morgan Stanley boosted their price target on 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, Needham & Company LLC reaffirmed a "buy" rating and issued a $71.00 price objective on shares of Robinhood Markets in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Robinhood Markets has a consensus rating of "Moderate Buy" and an average price target of $58.00.

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.