5,100 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by SFG Wealth Management LLC.

SFG Wealth Management LLC. purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 1st quarter, Holdings Channel reports. The fund purchased 5,100 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HOOD. Allworth Financial LP raised its position in shares of Robinhood Markets by 130.7% during the 4th quarter. Allworth Financial LP now owns 1,135 shares of the company’s stock valued at $42,000 after acquiring an additional 643 shares during the last quarter. Principal Financial Group Inc. increased its position in Robinhood Markets by 170.7% during the 4th quarter. Principal Financial Group Inc. now owns 116,732 shares of the company’s stock worth $4,349,000 after purchasing an additional 73,607 shares in the last quarter. Truist Financial Corp raised its stake in Robinhood Markets by 26.9% during the 4th quarter. Truist Financial Corp now owns 42,745 shares of the company’s stock worth $1,593,000 after buying an additional 9,049 shares during the period. First Horizon Advisors Inc. boosted its holdings in Robinhood Markets by 7.8% in the 4th quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company’s stock valued at $142,000 after purchasing an additional 277 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Robinhood Markets by 2.7% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 134,300 shares of the company’s stock valued at $5,004,000 after buying an additional 3,500 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $82.75 on Thursday. The company has a market capitalization of $73.27 billion, a PE ratio of 47.02, a P/E/G ratio of 4.84 and a beta of 2.25. The company has a fifty day moving average of $62.15 and a 200 day moving average of $50.85. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $85.55.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Robinhood Markets had a net margin of 48.77% and a return on equity of 15.42%. The company had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. During the same period in the prior year, the business posted $0.18 EPS. Robinhood Markets’s revenue was up 50.0% compared to the same quarter last year. Research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

HOOD has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price objective on shares of Robinhood Markets from $81.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, June 12th. Barclays dropped their price target on Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. upped their price objective on shares of Robinhood Markets from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Needham & Company LLC reiterated a “buy” rating and issued a $71.00 price target on shares of Robinhood Markets in a research note on Tuesday, May 27th. Finally, KeyCorp dropped their price objective on Robinhood Markets from $75.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. One equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.00.

Insiders Place Their Bets

In other Robinhood Markets news, insider Steven M. Quirk sold 24,311 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $54.93, for a total transaction of $1,335,403.23. Following the completion of the sale, the insider now owns 299,349 shares of the company’s stock, valued at $16,443,240.57. This trade represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $38.31, for a total value of $957,750.00. Following the completion of the sale, the insider now owns 822,825 shares in the company, valued at $31,522,425.75. This represents a 2.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,380,434 shares of company stock valued at $131,340,572. Insiders own 14.47% 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.