Vivid Wealth Management LLC Purchases 5,868 Shares of Robinhood Markets, Inc. $HOOD

Vivid Wealth Management LLC boosted its position in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 24.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,197 shares of the company’s stock after buying an additional 5,868 shares during the quarter. Vivid Wealth Management LLC’s holdings in Robinhood Markets were worth $2,093,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of HOOD. PFG Investments LLC boosted its position in Robinhood Markets by 9.1% during the 1st quarter. PFG Investments LLC now owns 16,779 shares of the company’s stock worth $1,163,000 after acquiring an additional 1,396 shares during the last quarter. Baer Investment Advisory LLC acquired a new stake in shares of Robinhood Markets in the first quarter valued at approximately $685,000. World Investment Advisors lifted its position in shares of Robinhood Markets by 27.1% in the first quarter. World Investment Advisors now owns 19,870 shares of the company’s stock worth $1,377,000 after purchasing an additional 4,235 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Robinhood Markets in the first quarter worth $240,000. Finally, New York State Teachers Retirement System lifted its position in shares of Robinhood Markets by 3.2% in the first quarter. New York State Teachers Retirement System now owns 614,151 shares of the company’s stock worth $42,561,000 after purchasing an additional 19,186 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling

In related news, insider Steven M. Quirk sold 10,837 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $85.91, for a total value of $931,006.67. Following the completion of the sale, the insider directly owned 81,989 shares in the company, valued at approximately $7,043,674.99. This trade represents a 11.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 67,422 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total transaction of $5,082,270.36. 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. Over the last quarter, insiders have purchased 680,000 shares of company stock worth $55,306,560 and have sold 633,484 shares worth $47,542,923. Insiders own 14.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on HOOD. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $110.00 target price on shares of Robinhood Markets in a research report on Tuesday, June 9th. JPMorgan Chase & Co. cut their price target on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. 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. The Goldman Sachs Group increased their price objective on shares of Robinhood Markets from $108.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Morgan Stanley decreased their price objective on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

Check Out Our Latest Research Report on HOOD

Key Headlines Impacting Robinhood Markets

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

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $112.73 on Friday. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86. The firm has a fifty day simple moving average of $87.70 and a 200 day simple moving average of $89.61. The stock has a market capitalization of $101.51 billion, a PE ratio of 54.46, a P/E/G ratio of 2.53 and a beta of 2.33.

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

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.

Featured Articles

Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOODFree Report).

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

Receive News & Ratings for Robinhood Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robinhood Markets and related companies with MarketBeat.com's FREE daily email newsletter.