Toth Financial Advisory Corp Has $674,000 Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Toth Financial Advisory Corp trimmed its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 57.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,200 shares of the company's stock after selling 21,600 shares during the quarter. Toth Financial Advisory Corp's holdings in Robinhood Markets were worth $674,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HOOD. IFP Advisors Inc grew its stake in shares of Robinhood Markets by 601.1% in the fourth quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock worth $164,000 after acquiring an additional 3,769 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Robinhood Markets by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock worth $175,857,000 after purchasing an additional 138,267 shares during the last quarter. Aigen Investment Management LP increased its holdings in shares of Robinhood Markets by 161.2% during the 4th quarter. Aigen Investment Management LP now owns 85,868 shares of the company's stock worth $3,199,000 after purchasing an additional 52,988 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Robinhood Markets by 19.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,557,301 shares of the company's stock valued at $179,463,000 after buying an additional 739,631 shares during the last quarter. Finally, Allegiance Financial Group Advisory Services LLC acquired a new position in shares of Robinhood Markets during the fourth quarter valued at about $207,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Trading Down 1.2%

Shares of Robinhood Markets stock traded down $0.89 during trading on Tuesday, reaching $72.51. The company's stock had a trading volume of 39,057,665 shares, compared to its average volume of 27,154,194. The stock has a 50-day moving average price of $53.19 and a two-hundred day moving average price of $47.80. The stock has a market capitalization of $64.20 billion, a P/E ratio of 46.19, a price-to-earnings-growth 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 posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The company had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. During the same quarter in the previous year, the business posted $0.18 EPS. The company's revenue was up 50.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 223,528 shares of Robinhood Markets stock in a transaction on Friday, March 21st. The shares were sold at an average price of $43.21, for a total transaction of $9,658,644.88. Following the completion of the sale, the director now owns 5,042 shares of the company's stock, valued at approximately $217,864.82. The trade was a 97.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total value of $31,470,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,232,636 shares of company stock valued at $111,898,793 over the last quarter. Corporate insiders own 14.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HOOD shares. Keefe, Bruyette & Woods restated a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a research note on Thursday, March 27th. Barclays decreased their price objective on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. upped their target price on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft raised their target price on Robinhood Markets from $70.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Piper Sandler upped their target price on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Robinhood Markets currently has an average rating of "Moderate Buy" and an average price target of $56.17.

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.