1,000 Shares in Robinhood Markets, Inc. $HOOD Purchased by West Branch Capital LLC

West Branch Capital LLC acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 1,000 shares of the company’s stock, valued at approximately $94,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC raised its holdings in Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock worth $25,000 after purchasing an additional 508 shares during the last quarter. Hemington Wealth Management raised its holdings in Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Robinhood Markets during the 1st quarter worth about $30,000. ST Germain D J Co. Inc. bought a new stake in Robinhood Markets during the 2nd quarter worth about $72,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in Robinhood Markets during the 2nd quarter worth about $74,000. 93.27% of the stock is owned by institutional investors.

Insider Buying and Selling at Robinhood Markets

In related news, insider Steven M. Quirk sold 60,113 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $100.91, for a total transaction of $6,066,002.83. Following the completion of the sale, the insider directly owned 94,454 shares of the company’s stock, valued at approximately $9,531,353.14. This represents a 38.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Meyer Malka sold 1,093,288 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $103.87, for a total value of $113,559,824.56. Following the sale, the director directly owned 3,976,234 shares of the company’s stock, valued at approximately $413,011,425.58. The trade was a 21.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,681,462 shares of company stock worth $581,726,917 in the last quarter. Company insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $121.78 on Friday. The business has a 50 day simple moving average of $110.49 and a 200 day simple moving average of $78.76. Robinhood Markets, Inc. has a 52-week low of $22.05 and a 52-week high of $130.07. The stock has a market cap of $108.22 billion, a price-to-earnings ratio of 61.82, a PEG ratio of 4.37 and a beta of 2.36.

Robinhood Markets (NASDAQ:HOOD) last posted 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 period in the prior year, the business earned $0.21 EPS. Robinhood Markets’s revenue for the quarter was up 45.0% compared to the same quarter last year. On average, analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Robinhood Markets from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Monday, July 7th. KeyCorp boosted their price objective on Robinhood Markets from $60.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Cantor Fitzgerald boosted their price objective on Robinhood Markets from $100.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Citigroup upped their price target on Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Needham & Company LLC upped their price target on Robinhood Markets from $71.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus price target of $104.06.

Robinhood Markets Company 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.