Farther Finance Advisors LLC Purchases 265 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Farther Finance Advisors LLC increased its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,890 shares of the company’s stock after purchasing an additional 265 shares during the quarter. Farther Finance Advisors LLC’s holdings in Robinhood Markets were worth $290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Park Avenue Securities LLC grew its stake in Robinhood Markets by 62.9% in the 1st quarter. Park Avenue Securities LLC now owns 63,272 shares of the company’s stock valued at $2,633,000 after buying an additional 24,441 shares during the last quarter. Yarbrough Capital LLC acquired a new position in Robinhood Markets in the 1st quarter valued at about $1,873,000. Wedmont Private Capital grew its stake in Robinhood Markets by 28.9% in the 1st quarter. Wedmont Private Capital now owns 12,424 shares of the company’s stock valued at $543,000 after buying an additional 2,785 shares during the last quarter. City State Bank grew its stake in Robinhood Markets by 94.0% in the 1st quarter. City State Bank now owns 970 shares of the company’s stock valued at $40,000 after buying an additional 470 shares during the last quarter. Finally, Udine Wealth Management Inc. grew its stake in Robinhood Markets by 4.2% in the 1st quarter. Udine Wealth Management Inc. now owns 81,740 shares of the company’s stock valued at $3,402,000 after buying an additional 3,293 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Trading Down 2.3%

NASDAQ HOOD opened at $74.95 on Wednesday. The firm has a market capitalization of $66.37 billion, a price-to-earnings ratio of 42.59, a P/E/G ratio of 4.53 and a beta of 2.25. The firm’s 50 day simple moving average is $57.73 and its 200 day simple moving average is $49.26. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $77.80.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly 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). The firm had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The business’s revenue was up 50.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 EPS. On average, equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HOOD. KeyCorp decreased their price target on shares of Robinhood Markets from $75.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Compass Point began coverage on shares of Robinhood Markets in a research note on Wednesday, March 19th. They issued a “buy” rating and a $61.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Robinhood Markets from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $60.00 target price on shares of Robinhood Markets in a research report on Thursday, March 27th. Finally, Wolfe Research lowered shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Insider Buying and Selling

In related news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total value of $31,470,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Baiju Bhatt sold 223,528 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $43.21, for a total transaction of $9,658,644.88. Following the transaction, the director now directly owns 5,042 shares of the company’s stock, valued at $217,864.82. The trade was a 97.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,650,974 shares of company stock worth $142,977,123. Corporate insiders own 19.95% of the company’s stock.

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.