Robinhood Markets, Inc. (NASDAQ:HOOD) Position Raised by SteelPeak Wealth LLC

SteelPeak Wealth LLC lifted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 92.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 21,340 shares of the company’s stock after acquiring an additional 10,258 shares during the period. SteelPeak Wealth LLC’s holdings in Robinhood Markets were worth $430,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Spire Wealth Management bought a new position in Robinhood Markets in the 4th quarter worth about $26,000. PNC Financial Services Group Inc. grew its holdings in Robinhood Markets by 46.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock worth $29,000 after buying an additional 722 shares in the last quarter. Whittier Trust Co. increased its position in Robinhood Markets by 100.0% in the 4th quarter. Whittier Trust Co. now owns 4,634 shares of the company’s stock valued at $59,000 after acquiring an additional 2,317 shares during the period. Financial Connections Group Inc. bought a new stake in Robinhood Markets during the 4th quarter valued at $89,000. Finally, International Assets Investment Management LLC boosted its position in Robinhood Markets by 1,174.1% during the 4th quarter. International Assets Investment Management LLC now owns 7,326 shares of the company’s stock worth $93,000 after acquiring an additional 6,751 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HOOD. Morgan Stanley raised their price target on Robinhood Markets from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Sanford C. Bernstein assumed coverage on shares of Robinhood Markets in a research report on Thursday, March 14th. They set an “outperform” rating and a $30.00 price target on the stock. Piper Sandler increased their price objective on shares of Robinhood Markets from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Robinhood Markets from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, June 20th. Finally, The Goldman Sachs Group upped their target price on Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $20.77.

Insider Activity

In related news, CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $18.67, for a total value of $4,667,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $18.67, for a total transaction of $4,667,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Baiju Bhatt sold 154,160 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $17.61, for a total value of $2,714,757.60. Following the transaction, the director now owns 36,045 shares in the company, valued at $634,752.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,481,733 shares of company stock worth $28,520,141. 19.95% of the stock is owned by corporate insiders.

Robinhood Markets Trading Up 0.5 %

HOOD stock opened at $22.71 on Monday. Robinhood Markets, Inc. has a one year low of $7.91 and a one year high of $24.28. The firm has a 50-day moving average of $20.07 and a two-hundred day moving average of $16.49. The firm has a market capitalization of $19.96 billion, a PE ratio of 151.40 and a beta of 1.84.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.13. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. The firm had revenue of $618.00 million during the quarter, compared to analyst estimates of $552.74 million. During the same quarter last year, the business posted ($0.57) EPS. The company’s revenue was up 40.1% on a year-over-year basis. On average, equities research analysts anticipate that Robinhood Markets, Inc. will post 0.56 earnings per share for the current year.

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.