Signaturefd LLC Purchases 108,190 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Signaturefd LLC increased its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 1,777.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,277 shares of the company's stock after purchasing an additional 108,190 shares during the quarter. Signaturefd LLC's holdings in Robinhood Markets were worth $4,756,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. MetLife Investment Management LLC boosted its position in shares of Robinhood Markets by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock worth $440,000 after purchasing an additional 171 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Robinhood Markets by 4.0% in the 1st quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company's stock worth $290,000 after purchasing an additional 265 shares in the last quarter. Allworth Financial LP boosted its position in shares of Robinhood Markets by 23.4% in the 1st quarter. Allworth Financial LP now owns 1,401 shares of the company's stock worth $58,000 after purchasing an additional 266 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in Robinhood Markets by 1.1% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 28,850 shares of the company's stock worth $1,201,000 after acquiring an additional 320 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Robinhood Markets by 28.6% in the 1st quarter. Blue Trust Inc. now owns 1,998 shares of the company's stock worth $83,000 after acquiring an additional 444 shares during the last quarter. Institutional investors own 93.27% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Cantor Fitzgerald raised their target price on Robinhood Markets from $89.00 to $100.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Compass Point lifted their price objective on Robinhood Markets from $64.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Morgan Stanley lifted their price target 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. JPMorgan Chase & Co. lifted their price target on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $60.00 price target on shares of Robinhood Markets in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average target price of $76.06.

Insider Buying and Selling

In other Robinhood Markets news, insider Steven M. Quirk sold 92,257 shares of the firm's stock in a transaction that occurred 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 owned 136,364 shares of the company's stock, valued at approximately $11,585,485.44. This trade represents a 40.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction on Monday, July 7th. The shares were sold at an average price of $93.51, for a total transaction of $548,342.64. Following the completion of the transaction, the chief technology officer directly owned 8,908 shares in the company, valued at $832,987.08. The trade was a 39.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,472,702 shares of company stock valued at $179,396,832 over the last 90 days. 14.47% of the stock is currently owned by corporate insiders.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $98.34 on Monday. The stock has a market cap of $87.08 billion, a P/E ratio of 55.88, a P/E/G ratio of 5.25 and a beta of 2.36. The stock's 50 day simple moving average is $73.48 and its 200-day simple moving average is $55.53. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $101.50.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued 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 for 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 firm's revenue for the quarter was up 50.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. As a group, research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal 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.

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