Vishria Bird Financial Group LLC Buys Shares of 4,934 Robinhood Markets, Inc. (NASDAQ:HOOD)

Vishria Bird Financial Group LLC purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,934 shares of the company's stock, valued at approximately $205,000.

Several other institutional investors also recently made changes to their positions in HOOD. Principal Financial Group Inc. increased its position in Robinhood Markets by 170.7% during the 4th quarter. Principal Financial Group Inc. now owns 116,732 shares of the company's stock worth $4,349,000 after purchasing an additional 73,607 shares in the last quarter. IFP Advisors Inc grew its stake in Robinhood Markets by 601.1% during the fourth quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock worth $164,000 after buying an additional 3,769 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Robinhood Markets in the fourth quarter worth $273,000. Oppenheimer & Co. Inc. purchased a new position in shares of Robinhood Markets in the 4th quarter valued at $973,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Robinhood Markets during the 4th quarter valued at $2,367,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HOOD. JPMorgan Chase & Co. increased their price target on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft increased their target price on Robinhood Markets from $70.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Needham & Company LLC reissued a "buy" rating and set a $71.00 price target on shares of Robinhood Markets in a research report on Tuesday, May 27th. KeyCorp increased their price objective on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Morgan Stanley lifted their price objective 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Robinhood Markets has an average rating of "Moderate Buy" and a consensus price target of $69.00.

Robinhood Markets Stock Performance

Shares of HOOD stock traded down $4.15 during trading hours on Thursday, hitting $93.83. 55,885,567 shares of the company were exchanged, compared to its average volume of 29,362,535. The stock has a market capitalization of $83.08 billion, a price-to-earnings ratio of 53.35, a P/E/G ratio of 4.70 and a beta of 2.36. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $100.88. The business's 50-day simple moving average is $67.00 and its two-hundred day simple moving average is $52.62.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released 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). 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 period in the prior year, the business earned $0.18 EPS. The company's quarterly revenue was up 50.0% on a year-over-year basis. As a group, analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Baiju Bhatt sold 418,338 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $64.46, for a total transaction of $26,966,067.48. Following the completion of the sale, the director owned 7,863 shares of the company's stock, valued at $506,848.98. This represents a 98.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher D. Payne bought 26,500 shares of the business's stock in a transaction on Friday, June 13th. The stock was acquired at an average cost of $74.19 per share, for a total transaction of $1,966,035.00. Following the acquisition, the director directly owned 26,500 shares of the company's stock, valued at $1,966,035. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 1,697,691 shares of company stock worth $106,750,976 over the last ninety days. 14.47% of the stock is owned by insiders.

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.