2,906 Shares in Robinhood Markets, Inc. $HOOD Purchased by Retirement Planning Group LLC

Retirement Planning Group LLC acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 2,906 shares of the company’s stock, valued at approximately $272,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hemington Wealth Management boosted its position in shares of Robinhood Markets by 52.2% in the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after buying an additional 218 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Robinhood Markets in the 1st quarter valued at about $30,000. Pandora Wealth Inc. acquired a new position in Robinhood Markets in the 1st quarter valued at about $33,000. V Square Quantitative Management LLC acquired a new position in Robinhood Markets in the 2nd quarter valued at about $36,000. Finally, Colonial Trust Advisors raised its stake in Robinhood Markets by 125.0% in the 1st quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $127.22 on Thursday. Robinhood Markets, Inc. has a 12 month low of $23.00 and a 12 month high of $153.86. The company has a 50-day moving average of $122.43 and a 200-day moving average of $90.88. The company has a market cap of $113.06 billion, a P/E ratio of 64.58, a P/E/G ratio of 3.48 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The business had revenue of $989.00 million during the quarter, compared to analysts’ expectations of $893.93 million. During the same quarter in the previous year, the business earned $0.21 EPS. The company’s revenue for the quarter was up 45.0% on a year-over-year basis. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HOOD shares. Citizens Jmp boosted their target price on shares of Robinhood Markets from $130.00 to $170.00 and gave the company a “mkt outperform” rating in a research note on Thursday, October 9th. Morgan Stanley boosted their target price on shares of Robinhood Markets from $110.00 to $146.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Compass Point boosted their target price on shares of Robinhood Markets from $64.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Bank of America boosted their target price on shares of Robinhood Markets from $139.00 to $157.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Cantor Fitzgerald boosted their target price on shares of Robinhood Markets from $100.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.94.

Insider Transactions at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 225,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $99.97, for a total transaction of $22,493,250.00. Following the completion of the transaction, the insider directly owned 591,887 shares in the company, valued at approximately $59,170,943.39. This represents a 27.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven M. Quirk sold 60,113 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $100.91, for a total value of $6,066,002.83. Following the transaction, the insider owned 94,454 shares of the company’s stock, valued at approximately $9,531,353.14. This trade represents a 38.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,763,124 shares of company stock worth $524,708,595 over the last 90 days. 14.47% of the stock is owned by corporate insiders.

About Robinhood Markets

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.