Focus Partners Advisor Solutions LLC Has $4.50 Million Stock Holdings in Robinhood Markets, Inc. $HOOD

Focus Partners Advisor Solutions LLC grew its position in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 67.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,747 shares of the company’s stock after purchasing an additional 16,026 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Robinhood Markets were worth $4,495,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Robinhood Markets by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock valued at $10,831,756,000 after purchasing an additional 1,334,443 shares in the last quarter. State Street Corp raised its holdings in shares of Robinhood Markets by 103.2% in the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after buying an additional 16,375,734 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Robinhood Markets by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock valued at $2,386,944,000 after buying an additional 356,902 shares during the last quarter. Norges Bank bought a new position in shares of Robinhood Markets in the fourth quarter valued at about $1,202,160,000. Finally, Invesco Ltd. raised its holdings in shares of Robinhood Markets by 25.3% in the third quarter. Invesco Ltd. now owns 6,191,123 shares of the company’s stock valued at $886,445,000 after buying an additional 1,248,590 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Trading Down 1.5%

Shares of NASDAQ:HOOD opened at $83.77 on Wednesday. The stock has a market capitalization of $75.44 billion, a P/E ratio of 40.47, a P/E/G ratio of 2.53 and a beta of 2.35. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86. The business has a 50-day moving average price of $78.74 and a two-hundred day moving average price of $92.42.

Robinhood Markets (NASDAQ:HOODGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share. As a group, equities analysts predict that Robinhood Markets, Inc. will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

HOOD has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $110.00 price target on shares of Robinhood Markets in a report on Tuesday. Keefe, Bruyette & Woods cut their price target on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. Jefferies Financial Group cut their price target on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a report on Monday, April 6th. KeyCorp reaffirmed an “overweight” rating and issued a $100.00 price target on shares of Robinhood Markets in a report on Monday, June 1st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Robinhood Markets in a report on Tuesday, April 14th. Eighteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $110.18.

Read Our Latest Report on Robinhood Markets

Key Stories Impacting Robinhood Markets

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

Insider Activity

In other Robinhood Markets news, CFO Shiv Verma sold 5,436 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $77.36, for a total transaction of $420,528.96. Following the completion of the sale, the chief financial officer directly owned 47,311 shares of the company’s stock, valued at approximately $3,659,978.96. The trade was a 10.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meyer Malka purchased 250,000 shares of the stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $80.74 per share, with a total value of $20,185,000.00. Following the completion of the purchase, the director owned 3,924,427 shares in the company, valued at $316,858,235.98. The trade was a 6.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 680,000 shares of company stock worth $55,306,560 and sold 571,602 shares worth $41,959,746. 19.95% of the stock is owned by company insiders.

About Robinhood Markets

(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.

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

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