Robinhood Markets, Inc. (NASDAQ:HOOD) Position Raised by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 12.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,250,120 shares of the company's stock after purchasing an additional 135,794 shares during the quarter. Stephens Investment Management Group LLC owned about 0.14% of Robinhood Markets worth $52,030,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC grew its holdings in shares of 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 purchasing an additional 508 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Robinhood Markets during the 1st quarter worth about $30,000. CoreCap Advisors LLC boosted its holdings in Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after acquiring an additional 550 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in Robinhood Markets by 750.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after acquiring an additional 750 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Robinhood Markets by 139.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock worth $36,000 after acquiring an additional 498 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Price Performance

Shares of HOOD stock traded down $0.36 on Friday, hitting $98.34. 60,149,672 shares of the stock traded hands, compared to its average volume of 30,346,786. The company has a market capitalization of $87.08 billion, a PE ratio of 55.88, a PEG ratio of 5.30 and a beta of 2.36. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $101.50. The company's fifty day moving average is $73.48 and its 200 day moving average is $55.42.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced 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 the consensus estimate of $917.12 million. During the same quarter last year, the business earned $0.18 earnings per share. 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.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HOOD. Redburn Atlantic restated a "sell" rating and issued a $48.00 price target (up previously from $40.00) on shares of Robinhood Markets in a report on Monday, June 9th. JPMorgan Chase & Co. upped their price target on Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. JMP Securities restated a "market outperform" rating and issued a $70.00 price target on shares of Robinhood Markets in a report on Thursday, May 1st. Mizuho upped their price target on Robinhood Markets from $80.00 to $99.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, The Goldman Sachs Group upped their price target on Robinhood Markets from $91.00 to $104.00 and gave the stock a "buy" rating in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Robinhood Markets currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.06.

Insider Buying and Selling

In related news, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $93.27, for a total transaction of $69,952,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven M. Quirk sold 104,887 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $70.14, for a total value of $7,356,774.18. Following the transaction, the insider owned 228,621 shares in the company, valued at $16,035,476.94. This trade represents a 31.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,472,702 shares of company stock worth $179,396,832 over the last ninety days. 14.47% of the stock is owned by insiders.

About Robinhood Markets

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.