Wealth Enhancement Advisory Services LLC Boosts Holdings in Robinhood Markets, Inc. $HOOD

Wealth Enhancement Advisory Services LLC lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 174.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 289,476 shares of the company’s stock after acquiring an additional 184,118 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Robinhood Markets were worth $41,974,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. North Star Investment Management Corp. lifted its stake in shares of Robinhood Markets by 44.9% during the 3rd quarter. North Star Investment Management Corp. now owns 255 shares of the company’s stock worth $37,000 after acquiring an additional 79 shares during the last quarter. CogentBlue Wealth Advisors LLC lifted its stake in shares of Robinhood Markets by 3.8% during the third quarter. CogentBlue Wealth Advisors LLC now owns 2,391 shares of the company’s stock worth $342,000 after buying an additional 87 shares during the period. ORG Partners LLC increased its stake in shares of Robinhood Markets by 5.5% in the third quarter. ORG Partners LLC now owns 1,876 shares of the company’s stock worth $269,000 after acquiring an additional 97 shares during the period. Valley National Advisers Inc. raised its holdings in shares of Robinhood Markets by 113.6% during the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Finally, HM Payson & Co. boosted its holdings in Robinhood Markets by 8.5% in the third quarter. HM Payson & Co. now owns 1,276 shares of the company’s stock valued at $183,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

HOOD stock opened at $105.95 on Wednesday. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86. The firm has a market capitalization of $95.27 billion, a PE ratio of 43.96, a price-to-earnings-growth ratio of 1.73 and a beta of 2.44. The business has a 50 day simple moving average of $120.10 and a 200-day simple moving average of $119.59.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.20. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business earned $0.17 EPS. The firm’s quarterly revenue was up 100.0% on a year-over-year basis. On average, equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays reduced their price target on Robinhood Markets from $171.00 to $159.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Compass Point reaffirmed a “buy” rating on shares of Robinhood Markets in a report on Monday, October 27th. Loop Capital set a $152.00 target price on shares of Robinhood Markets in a research note on Thursday, December 11th. Citizens Jmp lifted their price target on Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a research note on Friday, November 7th. Finally, Mizuho increased their price target on Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.62.

Insider Activity

In other Robinhood Markets news, insider Steven M. Quirk sold 49,942 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total value of $6,549,893.30. Following the transaction, the insider directly owned 54,496 shares in the company, valued at $7,147,150.40. The trade was a 47.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vladimir Tenev sold 375,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $121.63, for a total transaction of $45,611,250.00. The SEC filing for this sale provides additional information. Insiders sold 2,878,425 shares of company stock valued at $358,332,025 over the last three months. 19.95% of the stock is currently owned by company insiders.

Robinhood Markets Profile

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.