Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 58.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,368 shares of the company's stock after acquiring an additional 35,250 shares during the period. SG Americas Securities LLC's holdings in Robinhood Markets were worth $3,969,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of HOOD. Whipplewood Advisors LLC lifted its position in Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after purchasing an additional 508 shares during the last quarter. CoreCap Advisors LLC raised its holdings in Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after buying an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Robinhood Markets by 750.0% during the 4th 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 during the last quarter. Colonial Trust Co SC bought a new stake in Robinhood Markets during the 4th quarter valued at $34,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in 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 purchasing an additional 498 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Activity

In other news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $38.31, for a total transaction of $957,750.00. Following the sale, the insider now owns 822,825 shares of the company's stock, valued at $31,522,425.75. This trade represents a 2.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Baiju Bhatt sold 223,528 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $43.21, for a total transaction of $9,658,644.88. Following the sale, the director now directly owns 5,042 shares in the company, valued at $217,864.82. This trade represents a 97.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,650,974 shares of company stock worth $142,977,123 over the last 90 days. 14.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of recent research reports. Barclays reduced their target price on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Morgan Stanley upped their target price on shares of Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. KeyCorp lowered their target price on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Compass Point started coverage on shares of Robinhood Markets in a research note on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price objective on the stock. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $70.00 price objective on shares of Robinhood Markets in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $57.17.

Robinhood Markets Stock Down 1.7%

Shares of HOOD stock traded down $1.24 on Friday, hitting $72.60. The stock had a trading volume of 27,696,951 shares, compared to its average volume of 27,333,775. The business has a 50 day moving average price of $56.22 and a 200 day moving average price of $48.65. The company has a market cap of $64.28 billion, a PE ratio of 46.24, a P/E/G ratio of 1.05 and a beta of 2.25. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $77.80.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its 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). The firm had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The business's revenue for the quarter was up 50.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Robinhood Markets 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.