Robinhood Markets, Inc. $HOOD Shares Acquired by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC increased its holdings in Robinhood Markets by 40.4% during the 2nd quarter, now owning 40,498 shares valued at approximately $3.79 million.
• Insider sales have been significant, with insider Steven M. Quirk selling over 60,000 shares for around $6.07 million, reflecting a decrease in ownership of 38.89%.
• Robinhood's stock price is currently around $124.89, with a 12-month range from $22.05 to $126.64, and analysts maintain a consensus rating of "Moderate Buy".

U.S. Capital Wealth Advisors LLC increased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 40.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,498 shares of the company's stock after buying an additional 11,648 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Robinhood Markets were worth $3,792,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC boosted its holdings in shares of Robinhood Markets by 564.4% in the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after buying an additional 508 shares during the period. Hemington Wealth Management boosted its holdings in shares of Robinhood Markets by 52.2% in the 1st quarter. Hemington Wealth Management now owns 636 shares of the company's stock valued at $26,000 after buying an additional 218 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Robinhood Markets in the 1st quarter valued at about $30,000. Pandora Wealth Inc. acquired a new position in shares of Robinhood Markets in the 1st quarter valued at about $33,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Robinhood Markets by 139.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock valued at $36,000 after buying an additional 498 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Robinhood Markets

In other news, insider Steven M. Quirk sold 60,113 shares of the business's 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. The trade was a 38.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Baiju Bhatt sold 418,338 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $119.42, for a total transaction of $49,957,923.96. The disclosure for this sale can be found here. Insiders have sold 5,767,855 shares of company stock valued at $588,837,174 over the last three months. 19.95% of the stock is owned by insiders.

Robinhood Markets Price Performance

HOOD stock opened at $124.89 on Tuesday. Robinhood Markets, Inc. has a 12 month low of $22.05 and a 12 month high of $126.64. The firm has a market cap of $110.99 billion, a PE ratio of 63.40, a P/E/G ratio of 4.62 and a beta of 2.36. The firm has a 50 day simple moving average of $108.90 and a 200 day simple moving average of $76.89.

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

Analysts Set New Price Targets

HOOD has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Robinhood Markets from $70.00 to $85.00 and gave the company a "buy" rating in a report on Monday, June 9th. JMP Securities boosted their target price on shares of Robinhood Markets from $125.00 to $130.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Citigroup boosted their target price on shares of Robinhood Markets from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Mizuho boosted their target price on shares of Robinhood Markets from $120.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, September 10th. Finally, Redburn Atlantic reissued a "sell" rating and set a $48.00 target price (up from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.88.

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.

Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.