Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 490.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 43,228 shares of the company's stock after purchasing an additional 35,903 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Robinhood Markets were worth $1,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Robinhood Markets by 184.8% during the fourth quarter. FMR LLC now owns 40,237,478 shares of the company's stock worth $1,499,248,000 after purchasing an additional 26,107,934 shares in the last quarter. Newlands Management Operations LLC increased its stake in Robinhood Markets by 1.1% during the 4th quarter. Newlands Management Operations LLC now owns 24,158,860 shares of the company's stock worth $900,159,000 after buying an additional 273,860 shares during the period. Geode Capital Management LLC lifted its holdings in Robinhood Markets by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 12,175,972 shares of the company's stock worth $455,464,000 after buying an additional 555,299 shares in the last quarter. Renaissance Technologies LLC boosted its position in Robinhood Markets by 34.4% in the 4th quarter. Renaissance Technologies LLC now owns 12,078,116 shares of the company's stock valued at $450,031,000 after buying an additional 3,091,514 shares during the period. Finally, Two Sigma Advisers LP grew its stake in shares of Robinhood Markets by 0.5% in the fourth quarter. Two Sigma Advisers LP now owns 10,699,600 shares of the company's stock worth $398,667,000 after acquiring an additional 52,700 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insiders Place Their Bets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets 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 transaction, the insider now directly owns 822,825 shares in the company, valued at approximately $31,522,425.75. This trade represents a 2.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $77.82, for a total value of $456,336.48. Following the sale, the chief technology officer now owns 14,772 shares of the company's stock, valued at $1,149,557.04. This trade represents a 28.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,380,434 shares of company stock valued at $131,340,572 over the last quarter. Company insiders own 14.47% of the company's stock.

Robinhood Markets Trading Down 1.8%

NASDAQ:HOOD traded down $1.49 during midday trading on Friday, hitting $83.03. 36,890,636 shares of the company were exchanged, compared to its average volume of 27,957,127. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $85.55. The company has a market capitalization of $73.52 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 4.88 and a beta of 2.25. The company has a fifty day simple moving average of $63.01 and a 200 day simple moving average of $51.16.

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 (EPS) 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 firm had revenue of $927.00 million for the quarter, compared to analysts' expectations of $917.12 million. During the same period in the previous year, the business posted $0.18 EPS. The business's revenue for the quarter was up 50.0% compared to the same quarter last year. As a group, equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Morgan Stanley increased their price objective on Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Mizuho increased their price target on Robinhood Markets from $65.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Cantor Fitzgerald decreased their price objective on Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Compass Point upped their target price on shares of Robinhood Markets from $64.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $71.00 target price on shares of Robinhood Markets in a report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.29.

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.