Wealth Enhancement Advisory Services LLC Has $3.73 Million Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Wealth Enhancement Advisory Services LLC lessened its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 36.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,527 shares of the company's stock after selling 52,078 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Robinhood Markets were worth $3,726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC lifted its stake in Robinhood Markets by 564.4% in 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 during the period. Creative Financial Designs Inc. ADV lifted its position in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after purchasing an additional 750 shares in the last quarter. Colonial Trust Co SC acquired a new stake in shares of Robinhood Markets during the fourth quarter worth approximately $34,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Robinhood Markets by 139.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock worth $36,000 after purchasing an additional 498 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on HOOD shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Robinhood Markets from $70.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Cantor Fitzgerald lowered their price target on shares of Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Needham & Company LLC reiterated a "buy" rating and set a $71.00 price objective on shares of Robinhood Markets in a report on Tuesday, May 27th. KeyCorp reduced their price objective on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays lowered their target price on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $62.29.

Insider Buying and Selling

In other news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $38.31, for a total value of $957,750.00. Following the completion of the sale, the insider now directly owns 822,825 shares of the company's stock, valued at approximately $31,522,425.75. This represents a 2.95% 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 this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $34.51, for a total transaction of $201,987.03. Following the completion of the sale, the chief technology officer now owns 5,853 shares in the company, valued at approximately $201,987.03. The trade was a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,380,434 shares of company stock worth $131,340,572 in the last quarter. 14.47% of the stock is currently owned by company insiders.

Robinhood Markets Price Performance

HOOD traded down $1.49 on Friday, hitting $83.03. The company had a trading volume of 36,881,126 shares, compared to its average volume of 27,957,090. The stock has a market cap of $73.52 billion, a price-to-earnings ratio of 47.18, a price-to-earnings-growth ratio of 4.88 and a beta of 2.25. The company's fifty day moving average price is $63.01 and its 200 day moving average price is $51.16. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $85.55.

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