MGO One Seven LLC Makes New $276,000 Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

MGO One Seven LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,420 shares of the company’s stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. New Wave Wealth Advisors LLC purchased a new stake in Robinhood Markets in the 4th quarter worth about $26,000. Creative Financial Designs Inc. ADV lifted its position in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares in the last quarter. Silicon Valley Capital Partners acquired a new stake in shares of Robinhood Markets during the fourth quarter worth approximately $37,000. Bogart Wealth LLC acquired a new stake in shares of Robinhood Markets during the fourth quarter worth approximately $37,000. Finally, Spire Wealth Management grew its position in Robinhood Markets by 104.6% during the fourth quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock valued at $40,000 after purchasing an additional 549 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Up 0.9 %

Shares of HOOD opened at $49.37 on Wednesday. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91. The firm has a market capitalization of $43.72 billion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 1.05 and a beta of 2.17. The stock’s 50-day moving average price is $43.15 and its 200 day moving average price is $41.22.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HOOD shares. JMP Securities decreased their target price on shares of Robinhood Markets from $77.00 to $70.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Raymond James started coverage on Robinhood Markets in a research note on Wednesday, February 5th. They issued a “market perform” rating on the stock. Compass Point initiated coverage on Robinhood Markets in a report on Wednesday, March 19th. They set a “buy” rating and a $61.00 price target for the company. Wolfe Research lowered shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Finally, KeyCorp reduced their target price on shares of Robinhood Markets from $75.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.88.

Insider Activity at Robinhood Markets

In other news, Director Baiju Bhatt sold 90,866 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $55.34, for a total value of $5,028,524.44. Following the sale, the director now owns 5,042 shares of the company’s stock, valued at approximately $279,024.28. This represents a 94.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $34.51, for a total transaction of $201,987.03. Following the sale, the chief technology officer now directly owns 5,853 shares of the company’s stock, valued at approximately $201,987.03. The trade was a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,240,437 shares of company stock valued at $110,044,137 in the last 90 days. 19.95% 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.