30,400 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by Toth Financial Advisory Corp

Toth Financial Advisory Corp purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 30,400 shares of the company’s stock, valued at approximately $612,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HOOD. Spire Wealth Management bought a new position in Robinhood Markets during the 4th quarter valued at $26,000. PNC Financial Services Group Inc. boosted its stake in Robinhood Markets by 46.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock valued at $29,000 after purchasing an additional 722 shares in the last quarter. Whittier Trust Co. boosted its stake in Robinhood Markets by 100.0% during the 4th quarter. Whittier Trust Co. now owns 4,634 shares of the company’s stock valued at $59,000 after purchasing an additional 2,317 shares in the last quarter. Financial Connections Group Inc. acquired a new stake in shares of Robinhood Markets during the 4th quarter valued at $89,000. Finally, International Assets Investment Management LLC lifted its position in shares of 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 valued at $93,000 after acquiring an additional 6,751 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Trading Up 0.5 %

NASDAQ HOOD opened at $22.71 on Friday. Robinhood Markets, Inc. has a 1-year low of $7.91 and a 1-year high of $24.28. The company has a market capitalization of $19.96 billion, a PE ratio of 151.40 and a beta of 1.83. The firm’s fifty day simple moving average is $20.07 and its 200-day simple moving average is $16.46.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share 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 business had revenue of $618.00 million for the quarter, compared to the consensus estimate of $552.74 million. During the same period in the prior year, the business posted ($0.57) earnings per share. Robinhood Markets’s revenue for the quarter was up 40.1% compared to the same quarter last year. As a group, analysts predict that Robinhood Markets, Inc. will post 0.56 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on HOOD. Bank of America upgraded Robinhood Markets from an “underperform” rating to a “buy” rating and increased their price objective for the company from $14.00 to $24.00 in a research report on Friday, May 17th. KeyCorp increased their price objective on Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Mizuho increased their price objective on Robinhood Markets from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Piper Sandler increased their price objective on Robinhood Markets from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group increased their price objective on Robinhood Markets from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.77.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 121,226 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $21.63, for a total transaction of $2,622,118.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Robinhood Markets news, Director Baiju Bhatt sold 121,226 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $21.63, for a total transaction of $2,622,118.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $18.67, for a total transaction of $4,667,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,486,733 shares of company stock valued at $28,618,091. 19.95% of the stock is owned by 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.