Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 9.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 242,022 shares of the company's stock after purchasing an additional 21,862 shares during the period. Victory Capital Management Inc.'s holdings in Robinhood Markets were worth $10,073,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of HOOD. MetLife Investment Management LLC grew its stake in shares of Robinhood Markets by 1.5% during the fourth quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock worth $440,000 after buying an additional 171 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Robinhood Markets by 4.0% during the first quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company's stock worth $290,000 after acquiring an additional 265 shares in the last quarter. Allworth Financial LP grew its position in 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 grew its position 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 purchasing an additional 320 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Robinhood Markets by 28.6% in the first quarter. Blue Trust Inc. now owns 1,998 shares of the company's stock valued at $83,000 after acquiring an additional 444 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HOOD has been the topic of a number of recent research reports. Piper Sandler upped their price target on shares of Robinhood Markets from $70.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Robinhood Markets from $70.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 9th. JPMorgan Chase & Co. raised their price target on shares of Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. The Goldman Sachs Group raised their price objective on shares of Robinhood Markets from $91.00 to $104.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Barclays lifted their price target on shares of Robinhood Markets from $57.00 to $102.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and an average target price of $85.29.

Insider Transactions at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $93.88, for a total value of $2,347,000.00. Following the sale, the insider owned 816,887 shares of the company's stock, valued at approximately $76,689,351.56. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven M. Quirk sold 92,257 shares of Robinhood Markets stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $84.96, for a total transaction of $7,838,154.72. Following the sale, the insider directly owned 136,364 shares in the company, valued at approximately $11,585,485.44. This trade represents a 40.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,696,644 shares of company stock worth $218,696,575 in the last ninety days. Company insiders own 14.47% of the company's stock.

Robinhood Markets Stock Up 2.9%

Shares of NASDAQ HOOD traded up $2.92 during midday trading on Friday, reaching $104.85. 35,546,767 shares of the stock were exchanged, compared to its average volume of 55,217,080. The firm has a 50-day simple moving average of $82.95 and a two-hundred day simple moving average of $59.71. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $113.44. The firm has a market cap of $92.84 billion, a price-to-earnings ratio of 59.57, a PEG ratio of 5.20 and a beta of 2.36.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Robinhood Markets had a net margin of 48.77% and a return on equity of 15.42%. The company had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. During the same period in the prior year, the business posted $0.18 EPS. Robinhood Markets's revenue was up 50.0% compared to the same quarter last year. Research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

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.