Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 3.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,773 shares of the company’s stock after purchasing an additional 598 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Robinhood Markets were worth $463,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. HM Payson & Co. raised its holdings in Robinhood Markets by 53.5% in the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after purchasing an additional 410 shares during the period. Eastern Bank purchased a new stake in Robinhood Markets during the 3rd quarter worth approximately $30,000. ORG Wealth Partners LLC purchased a new stake in Robinhood Markets during the 3rd quarter worth approximately $33,000. ORG Partners LLC purchased a new stake in Robinhood Markets during the 2nd quarter worth approximately $33,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Robinhood Markets during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on HOOD shares. The Goldman Sachs Group cut their price objective on Robinhood Markets from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Morgan Stanley boosted their price objective on Robinhood Markets from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday. KeyCorp boosted their price objective on Robinhood Markets from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Needham & Company LLC reiterated a “hold” rating on shares of Robinhood Markets in a research note on Thursday, October 31st. Finally, Piper Sandler increased their price objective on Robinhood Markets from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.10.

Insider Activity

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.33, for a total value of $241,625.00. Following the sale, the insider now directly owns 1,045,068 shares in the company, valued at $20,201,164.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.33, for a total value of $241,625.00. Following the sale, the insider now directly owns 1,045,068 shares in the company, valued at $20,201,164.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Baiju Bhatt sold 139,916 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $19.55, for a total value of $2,735,357.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,710,549 shares of company stock worth $115,477,194. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets Trading Down 3.3 %

Shares of NASDAQ HOOD opened at $31.91 on Thursday. The stock has a market cap of $28.21 billion, a P/E ratio of 54.09, a PEG ratio of 0.79 and a beta of 1.84. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $34.32. The business’s fifty day simple moving average is $24.95 and its 200-day simple moving average is $22.12.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. The firm’s revenue was up 36.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.09) earnings per share. On average, equities analysts forecast that Robinhood Markets, Inc. will post 0.72 EPS for the current fiscal year.

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.