Strategic Investment Solutions Inc. IL Boosts Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Strategic Investment Solutions Inc. IL lifted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 170,425.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,821 shares of the company's stock after purchasing an additional 6,817 shares during the period. Strategic Investment Solutions Inc. IL's holdings in Robinhood Markets were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HOOD. IFP Advisors Inc grew its holdings in Robinhood Markets by 601.1% during the fourth quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock worth $164,000 after buying an additional 3,769 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at about $634,000. Charles Schwab Investment Management Inc. lifted its position in shares of Robinhood Markets by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock valued at $175,857,000 after purchasing an additional 138,267 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in Robinhood Markets by 20.7% during the fourth quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company's stock worth $20,154,000 after purchasing an additional 92,613 shares during the last quarter. Finally, Requisite Capital Management LLC purchased a new stake in Robinhood Markets in the 4th quarter valued at about $266,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Price Performance

NASDAQ HOOD traded up $0.52 during trading on Friday, reaching $41.18. The company's stock had a trading volume of 23,885,589 shares, compared to its average volume of 24,248,918. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The stock has a market capitalization of $36.46 billion, a PE ratio of 26.23, a P/E/G ratio of 1.05 and a beta of 2.17. The firm has a fifty day moving average of $45.22 and a 200 day moving average of $40.05.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Activity at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 50,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $60.77, for a total value of $3,038,500.00. Following the sale, the insider now directly owns 706,642 shares of the company's stock, valued at $42,942,634.34. This represents a 6.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Baiju Bhatt sold 522,180 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $62.70, for a total value of $32,740,686.00. Following the transaction, the director now directly owns 5,042 shares of the company's stock, valued at approximately $316,133.40. This trade represents a 99.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,784,193 shares of company stock valued at $137,892,219 over the last 90 days. 19.95% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Mizuho lifted their target price on Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Wolfe Research downgraded shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Needham & Company LLC decreased their price target on shares of Robinhood Markets from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Piper Sandler increased their price objective on Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Finally, Raymond James started coverage on Robinhood Markets in a research note on Wednesday, February 5th. They issued a "market perform" rating on the stock. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $55.06.

Robinhood Markets Company Profile

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.