Robinhood Markets, Inc. $HOOD Shares Sold by Focus Partners Wealth

Focus Partners Wealth trimmed its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 10.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,923 shares of the company's stock after selling 5,605 shares during the period. Focus Partners Wealth's holdings in Robinhood Markets were worth $2,075,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Impact Advisors LLC bought a new position in shares of Robinhood Markets during the first quarter worth about $9,113,000. Aspen Investment Management Inc bought a new position in shares of Robinhood Markets during the first quarter worth about $1,615,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Robinhood Markets by 24.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,395,651 shares of the company's stock worth $141,327,000 after acquiring an additional 668,184 shares during the last quarter. Empowered Funds LLC grew its position in shares of Robinhood Markets by 46.7% during the first quarter. Empowered Funds LLC now owns 49,870 shares of the company's stock worth $2,076,000 after acquiring an additional 15,885 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Robinhood Markets by 21.4% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,379 shares of the company's stock worth $349,000 after acquiring an additional 1,479 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HOOD shares. Cantor Fitzgerald upped their price target on shares of Robinhood Markets from $100.00 to $118.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Barclays upped their price target on shares of Robinhood Markets from $102.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Keefe, Bruyette & Woods increased their target price on shares of Robinhood Markets from $89.00 to $106.00 and gave the company a "market perform" rating in a research report on Thursday, July 31st. Citigroup increased their target price on shares of Robinhood Markets from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Finally, JMP Securities increased 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 report on Thursday, July 31st. Eleven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $101.88.

Insider Activity

In other Robinhood Markets news, Director Baiju Bhatt sold 418,338 shares of Robinhood Markets stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $119.42, for a total transaction of $49,957,923.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $100.92, for a total value of $2,523,000.00. Following the transaction, the insider directly owned 610,949 shares of the company's stock, valued at approximately $61,656,973.08. The trade was a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,773,719 shares of company stock valued at $589,293,510. 19.95% of the stock is owned by insiders.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $117.38 on Wednesday. The company has a 50 day simple moving average of $106.94 and a 200-day simple moving average of $74.56. The firm has a market capitalization of $104.31 billion, a price-to-earnings ratio of 59.58, a price-to-earnings-growth ratio of 4.24 and a beta of 2.36. Robinhood Markets, Inc. has a 52-week low of $22.05 and a 52-week high of $123.44.

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

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.

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