WD Rutherford LLC Takes Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

WD Rutherford LLC purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 18,581 shares of the company's stock, valued at approximately $819,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Yousif Capital Management LLC bought a new stake in Robinhood Markets during the fourth quarter worth approximately $321,000. Empowered Funds LLC grew its holdings in shares of Robinhood Markets by 279.5% in the 4th quarter. Empowered Funds LLC now owns 33,985 shares of the company's stock worth $1,266,000 after acquiring an additional 25,030 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Robinhood Markets by 0.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 186,232 shares of the company's stock worth $7,267,000 after purchasing an additional 1,646 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of Robinhood Markets by 124.3% during the fourth quarter. Vontobel Holding Ltd. now owns 63,080 shares of the company's stock valued at $2,350,000 after purchasing an additional 34,955 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Robinhood Markets by 2.1% in the 4th quarter. Rhumbline Advisers now owns 746,547 shares of the company's stock valued at $27,816,000 after purchasing an additional 15,468 shares during the period. Institutional investors own 93.27% of the company's stock.

Insiders Place Their Bets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $34.51, for a total transaction of $201,987.03. Following the completion of the transaction, the chief technology officer now owns 5,853 shares of the company's stock, valued at $201,987.03. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Baiju Bhatt sold 418,338 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $74.29, for a total value of $31,078,330.02. Following the completion of the sale, the director now directly owns 7,863 shares in the company, valued at approximately $584,142.27. This represents a 98.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,650,974 shares of company stock valued at $142,977,123 over the last three months. 19.95% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on HOOD. Wolfe Research lowered shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Morgan Stanley upped their price target on shares of Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and set a $71.00 price objective on shares of Robinhood Markets in a research report on Tuesday, May 27th. Barclays cut their target price on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, KeyCorp decreased their target price on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $58.00.

Robinhood Markets Price Performance

HOOD traded up $0.50 during midday trading on Wednesday, hitting $75.45. 10,108,954 shares of the company's stock traded hands, compared to its average volume of 39,123,770. The company has a market cap of $66.81 billion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 4.53 and a beta of 2.25. The stock's fifty day simple moving average is $57.73 and its 200-day simple moving average is $49.26. 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 released its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The business had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a net margin of 48.77% and a return on equity of 15.42%. The firm's revenue for the quarter was up 50.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 EPS. On average, research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current 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.