180 Wealth Advisors LLC Makes New $223,000 Investment in Robinhood Markets, Inc. $HOOD

180 Wealth Advisors LLC purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,386 shares of the company’s stock, valued at approximately $223,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Robinhood Markets by 40.2% during the first quarter. GAMMA Investing LLC now owns 8,210 shares of the company’s stock worth $342,000 after buying an additional 2,352 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Robinhood Markets by 36.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,537 shares of the company’s stock worth $480,000 after buying an additional 3,107 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Robinhood Markets by 43.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 79,193 shares of the company’s stock worth $3,296,000 after buying an additional 24,075 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Robinhood Markets by 24.4% during the first quarter. Asset Management One Co. Ltd. now owns 231,721 shares of the company’s stock worth $9,644,000 after buying an additional 45,489 shares during the period. Finally, Spire Wealth Management boosted its position in shares of Robinhood Markets by 1,197.2% during the first quarter. Spire Wealth Management now owns 13,932 shares of the company’s stock worth $580,000 after buying an additional 12,858 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Baiju Bhatt sold 418,338 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $133.11, for a total value of $55,684,971.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total value of $104,797,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,175,598 shares of company stock valued at $579,779,430. Insiders own 14.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HOOD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a research report on Saturday. Citigroup upped their price objective on Robinhood Markets from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. The Goldman Sachs Group upped their price objective on Robinhood Markets from $134.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods upped their price objective on Robinhood Markets from $89.00 to $106.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. Finally, Citizens Jmp increased their price target on Robinhood Markets from $130.00 to $170.00 and gave the company a “mkt outperform” rating in a research report on Thursday, October 9th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $118.94.

Robinhood Markets Stock Up 4.1%

NASDAQ:HOOD opened at $139.79 on Friday. Robinhood Markets, Inc. has a 12-month low of $23.00 and a 12-month high of $153.86. The firm has a market capitalization of $124.23 billion, a price-to-earnings ratio of 70.96, a P/E/G ratio of 3.63 and a beta of 2.42. The stock’s 50 day moving average price is $123.41 and its two-hundred day moving average price is $92.70.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating 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 company had revenue of $989.00 million during the quarter, compared to analysts’ expectations of $893.93 million. During the same period last year, the firm posted $0.21 earnings per share. The business’s revenue was up 45.0% on a year-over-year basis. Equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS 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.