MGO One Seven LLC Takes Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

MGO One Seven LLC purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,420 shares of the company's stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC grew its position in 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 in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Robinhood Markets by 2.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company's stock valued at $368,000 after acquiring an additional 233 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Robinhood Markets by 7.8% during the 4th quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock valued at $142,000 after acquiring an additional 277 shares during the period. Spire Wealth Management grew its position in Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company's stock worth $40,000 after acquiring an additional 549 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Robinhood Markets by 130.7% in the 4th quarter. Allworth Financial LP now owns 1,135 shares of the company's stock worth $42,000 after purchasing an additional 643 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD traded up $1.93 during mid-day trading on Friday, reaching $48.55. The company's stock had a trading volume of 55,047,888 shares, compared to its average volume of 25,666,845. The firm has a market capitalization of $42.99 billion, a PE ratio of 30.92, a P/E/G ratio of 1.05 and a beta of 2.17. The stock has a fifty day moving average of $43.03 and a two-hundred day moving average of $41.41. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results 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 13.53% and a net margin of 47.81%. The firm had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. During the same quarter last year, the business posted $0.18 EPS. Robinhood Markets's revenue was up 50.0% compared to the same quarter last year. Analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

HOOD has been the topic of several analyst reports. Mizuho lifted their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $60.00 price objective on shares of Robinhood Markets in a research note on Thursday, March 27th. Compass Point assumed coverage on Robinhood Markets in a research report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price target for the company. Raymond James assumed coverage on Robinhood Markets in a research note on Wednesday, February 5th. They set a "market perform" rating on the stock. Finally, Morgan Stanley cut Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price target for the company. in a research note on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Robinhood Markets has a consensus rating of "Moderate Buy" and an average price target of $53.24.

Insider Buying and Selling at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $51.60, for a total transaction of $1,290,000.00. Following the transaction, the insider now directly owns 706,642 shares in the company, valued at $36,462,727.20. The trade was a 3.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Baiju Bhatt sold 94,156 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $50.67, for a total transaction of $4,770,884.52. Following the completion of the sale, the director now directly owns 7,863 shares of the company's stock, valued at approximately $398,418.21. This trade represents a 92.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,334,593 shares of company stock worth $114,815,021. 19.95% of the stock is owned by corporate 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.