Diversified Trust Co Has $1.79 Million Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Diversified Trust Co grew its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 394.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,008 shares of the company's stock after purchasing an additional 34,305 shares during the quarter. Diversified Trust Co's holdings in Robinhood Markets were worth $1,790,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HOOD. Whipplewood Advisors LLC raised its stake in Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock worth $25,000 after acquiring an additional 508 shares in the last quarter. CoreCap Advisors LLC increased its holdings in shares of Robinhood Markets by 191.6% in the 4th 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 holdings in Robinhood Markets by 750.0% in 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position 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 valued at $36,000 after acquiring an additional 498 shares during the period. Finally, Colonial Trust Co SC purchased a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $34,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on HOOD. Morgan Stanley boosted their target price 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. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $60.00 price target on shares of Robinhood Markets in a report on Thursday, March 27th. Redburn Atlantic restated a "sell" rating and set a $48.00 price objective (up from $40.00) on shares of Robinhood Markets in a research report on Monday, June 9th. JMP Securities reiterated a "market outperform" rating and set a $70.00 target price on shares of Robinhood Markets in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Robinhood Markets currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.29.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 92,257 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $84.96, for a total transaction of $7,838,154.72. Following the sale, the insider now directly owns 136,364 shares of the company's stock, valued at $11,585,485.44. The trade was a 40.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. Insiders sold 2,472,691 shares of company stock worth $139,178,726 in the last quarter. 14.47% of the stock is owned by company insiders.

Robinhood Markets Stock Down 1.8%

Shares of NASDAQ:HOOD traded down $1.49 during trading on Friday, hitting $83.03. 36,890,636 shares of the company traded hands, compared to its average volume of 28,105,863. The business's fifty day moving average is $63.85 and its 200-day moving average is $51.57. The stock has a market capitalization of $73.52 billion, a price-to-earnings ratio of 47.18, a PEG ratio of 4.90 and a beta of 2.25. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $85.55.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The company's quarterly revenue was up 50.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 EPS. On average, analysts forecast 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.