Walser Wealth Management Company A Ltd Liability Co Has $1.01 Million Stock Position in Robinhood Markets, Inc. $HOOD

Walser Wealth Management Company A Ltd Liability Co increased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 45.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,571 shares of the company’s stock after buying an additional 4,552 shares during the quarter. Walser Wealth Management Company A Ltd Liability Co’s holdings in Robinhood Markets were worth $1,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sound Income Strategies LLC lifted its holdings in shares of 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 purchasing an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC boosted its holdings in shares of Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after buying an additional 190 shares during the period. Elyxium Wealth LLC bought a new stake in shares of Robinhood Markets during the fourth quarter worth $27,000. MV Capital Management Inc. bought a new stake in shares of Robinhood Markets during the fourth quarter worth $27,000. Finally, Swiss RE Ltd. acquired a new stake in shares of Robinhood Markets during the fourth quarter worth $27,000. 93.27% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Meyer Malka acquired 250,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price 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 $316,858,235.98. This trade represents a 6.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Steven M. Quirk sold 10,837 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $85.91, for a total transaction of $931,006.67. Following the completion of the sale, the insider directly owned 81,989 shares of the company’s stock, valued at $7,043,674.99. This represents a 11.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders acquired 680,000 shares of company stock valued at $55,306,560 and sold 242,649 shares valued at $20,250,598. 19.95% of the stock is owned by company insiders.

Robinhood Markets Price Performance

NASDAQ HOOD traded down $3.04 on Tuesday, reaching $114.51. The stock had a trading volume of 9,417,511 shares, compared to its average volume of 30,291,252. The firm has a fifty day moving average of $88.38 and a two-hundred day moving average of $89.42. 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 $103.12 billion, a P/E ratio of 54.96, a price-to-earnings-growth ratio of 2.53 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOODGet Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 EPS. Research analysts predict that Robinhood Markets, Inc. will post 1.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HOOD. Needham & Company LLC upped their price objective on Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Jefferies Financial Group dropped their target price on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. KeyCorp reaffirmed an “overweight” rating and set a $100.00 price target on shares of Robinhood Markets in a research report on Monday, June 1st. Mizuho boosted their price target on shares of Robinhood Markets from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Finally, Citigroup reiterated a “market outperform” rating on shares of Robinhood Markets in a research note on Thursday, May 28th. Twenty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

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Robinhood Markets Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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