WESPAC Advisors SoCal LLC Acquires 6,971 Shares of Robinhood Markets, Inc. $HOOD

WESPAC Advisors SoCal LLC boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 34.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,381 shares of the company’s stock after buying an additional 6,971 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in Robinhood Markets were worth $1,898,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Sound Income Strategies LLC boosted its position in Robinhood Markets by 152.6% during the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC raised its position in shares of Robinhood Markets by 527.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Robinhood Markets in the 4th quarter worth $27,000. MV Capital Management Inc. purchased a new stake in shares of Robinhood Markets during the 4th quarter worth $27,000. Finally, Swiss RE Ltd. purchased a new stake in shares of Robinhood Markets during the 4th quarter worth $27,000. Institutional investors own 93.27% of the company’s stock.

Insider Activity

In related news, Director Meyer Malka bought 250,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of $80.74 per share, for a total transaction of $20,185,000.00. Following the purchase, the director directly owned 3,924,427 shares of the company’s stock, valued at approximately $316,858,235.98. This trade represents a 6.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the sale, the chief executive officer directly owned 375,000 shares in the company, valued at approximately $26,186,250. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have acquired 680,000 shares of company stock valued at $55,306,560 and have sold 633,484 shares valued at $47,542,923. 14.47% of the stock is owned by insiders.

Trending Headlines about Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Robinhood said its new “AI Trading” feature has already attracted more than 50,000 users in just weeks, with the product helping drive millions of daily interactions and reinforcing the company’s growth narrative. Robinhood Stock Spikes as AI Trading Tops 50,000 Users in Weeks
• Positive Sentiment: Shares have also been supported by record June trading volumes and analyst upgrades/raised price targets after Robinhood announced a 10% workforce reduction, which investors read as a move to improve margins and streamline operations. Stock Market Today, June 17: Robinhood Jumps After Announcing 10% Workforce Reduction, Record June Volumes
• Positive Sentiment: Momentum traders are also focused on the stock’s technical breakout potential after it outperformed the broader market and moved sharply higher on heavy volume. Stock Of The Day: Will Robinhood Break Out?
• Neutral Sentiment: Commentary on Robinhood’s valuation suggests the stock is expensive, so even with strong growth, expectations are high and any slowdown could make the shares vulnerable. 2 High-Flying Stocks Worth Your Attention and 1 We Question
• Negative Sentiment: Cathie Wood’s ARK has been trimming Robinhood holdings into the rally, which may create some short-term supply pressure and signals that not all big investors are chasing the move. Cathie Wood’s Ark Invest Sells Robinhood Stock Into 8% Rally, Loads Up On Coinbase And Block

Robinhood Markets Price Performance

Shares of HOOD stock opened at $108.15 on Friday. The stock’s fifty day moving average price is $83.43 and its 200 day moving average price is $91.48. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86. The company has a market cap of $97.39 billion, a price-to-earnings ratio of 52.25, a price-to-earnings-growth ratio of 2.54 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

HOOD has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Wall Street Zen raised shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Zacks Research upgraded shares of Robinhood Markets from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Needham & Company LLC lifted their price objective on shares of Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average price target of $112.36.

About Robinhood Markets

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.