7,819 Shares in Robinhood Markets, Inc. $HOOD Bought by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the second quarter, HoldingsChannel reports. The firm acquired 7,819 shares of the company’s stock, valued at approximately $732,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOOD. Whipplewood Advisors LLC grew its position in shares of Robinhood Markets by 564.4% in the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock valued at $25,000 after acquiring an additional 508 shares during the period. Hemington Wealth Management boosted its holdings in shares of Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after buying an additional 218 shares during the period. Wayfinding Financial LLC bought a new stake in Robinhood Markets in the 1st quarter valued at about $30,000. Pandora Wealth Inc. bought a new stake in Robinhood Markets in the 1st quarter valued at about $33,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Robinhood Markets by 139.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company’s stock valued at $36,000 after purchasing an additional 498 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on HOOD. KeyCorp boosted their target price on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Piper Sandler assumed coverage on shares of Robinhood Markets in a research report on Wednesday. They issued an “overweight” rating and a $120.00 price target for the company. Keefe, Bruyette & Woods upped their price target on shares of Robinhood Markets from $89.00 to $106.00 and gave the company a “market perform” rating in a research report on Thursday, July 31st. Cantor Fitzgerald upped their price objective on shares of Robinhood Markets from $100.00 to $118.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Mizuho increased their target price on shares of Robinhood Markets from $120.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and an average price target of $101.88.

Insider Activity

In other Robinhood Markets news, Director Baiju Bhatt sold 1,568,421 shares of Robinhood Markets stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $99.98, for a total transaction of $156,810,731.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $93.27, for a total transaction of $69,952,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 5,773,719 shares of company stock valued at $589,293,510. Insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Down 2.3%

Shares of NASDAQ:HOOD opened at $115.03 on Friday. The company has a 50-day moving average price of $105.99 and a two-hundred day moving average price of $73.63. Robinhood Markets, Inc. has a twelve month low of $21.50 and a twelve month high of $123.44. The firm has a market capitalization of $102.22 billion, a PE ratio of 58.39, a P/E/G ratio of 4.32 and a beta of 2.36.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. The company had revenue of $989.00 million during the quarter, compared to analyst estimates of $893.93 million. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. Robinhood Markets’s revenue was up 45.0% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. Analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

About Robinhood Markets

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.