6,644 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,644 shares of the company’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC lifted its stake in shares of Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock valued at $25,000 after buying an additional 508 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock valued at $31,000 after buying an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after buying an additional 750 shares in the last quarter. Colonial Trust Co SC bought a new position in shares of Robinhood Markets in the fourth quarter valued at $34,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Robinhood Markets by 139.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company’s stock valued at $36,000 after buying an additional 498 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Insider Activity

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $38.31, for a total value of $957,750.00. Following the sale, the insider now owns 822,825 shares in the company, valued at approximately $31,522,425.75. This represents a 2.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Baiju Bhatt sold 223,528 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $43.21, for a total value of $9,658,644.88. Following the transaction, the director now owns 5,042 shares in the company, valued at $217,864.82. This trade represents a 97.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,650,974 shares of company stock worth $142,977,123 over the last 90 days. 14.47% of the stock is currently owned by corporate insiders.

Robinhood Markets Trading Down 1.7%

Shares of HOOD opened at $72.60 on Friday. The firm has a market capitalization of $64.28 billion, a P/E ratio of 46.24, a P/E/G ratio of 1.05 and a beta of 2.25. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $77.80. The firm has a fifty day moving average price of $56.22 and a 200-day moving average price of $48.73.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data 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). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The business had revenue of $927.00 million during the quarter, compared to analysts’ expectations of $917.12 million. During the same period last year, the company earned $0.18 earnings per share. The firm’s revenue was up 50.0% compared to the same quarter last year. Analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HOOD. Compass Point began coverage on shares of Robinhood Markets in a research report on Wednesday, March 19th. They set a “buy” rating and a $61.00 price target on the stock. Barclays dropped their price target on shares of Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Morgan Stanley raised 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. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $60.00 price target on shares of Robinhood Markets in a research report on Thursday, March 27th. Finally, Citigroup dropped their price target on shares of Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. One 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. According to MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus target price of $57.17.

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.