6,017 Shares in Robinhood Markets, Inc. $HOOD Bought by Spartan Wealth Advisory Services LLC

Spartan Wealth Advisory Services LLC acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,017 shares of the company’s stock, valued at approximately $417,000.

A number of other institutional investors also recently bought and sold shares of HOOD. Ascent Wealth Partners LLC increased its position in shares of Robinhood Markets by 84.4% during the 1st quarter. Ascent Wealth Partners LLC now owns 4,989 shares of the company’s stock valued at $346,000 after purchasing an additional 2,284 shares during the last quarter. Kesler Norman & Wride LLC lifted its stake in shares of Robinhood Markets by 46.7% in the 1st quarter. Kesler Norman & Wride LLC now owns 4,010 shares of the company’s stock worth $278,000 after purchasing an additional 1,276 shares during the period. Kera Capital Partners Inc. boosted its holdings in shares of Robinhood Markets by 2.4% in the first quarter. Kera Capital Partners Inc. now owns 116,096 shares of the company’s stock worth $8,045,000 after buying an additional 2,756 shares during the last quarter. Gryphon Financial Partners LLC boosted its holdings in shares of Robinhood Markets by 230.3% in the first quarter. Gryphon Financial Partners LLC now owns 11,894 shares of the company’s stock worth $824,000 after buying an additional 8,293 shares during the last quarter. Finally, Assetmark Inc. grew its position in Robinhood Markets by 0.9% during the first quarter. Assetmark Inc. now owns 133,703 shares of the company’s stock valued at $9,266,000 after buying an additional 1,255 shares during the period. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets News Summary

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

• Positive Sentiment: Goldman Sachs raised its price target on Robinhood to $137 from $121 and reiterated a Buy rating ahead of earnings, signaling confidence in the company’s growth potential and implying meaningful upside from current levels. Goldman Sachs raises price target on Robinhood ahead of earnings
• Neutral Sentiment: Robinhood is drawing heavy investor attention online, with Zacks noting that the stock has become a trending name; this reflects interest rather than a direct fundamental catalyst. Robinhood Markets, Inc. (HOOD) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Robinhood recently benefited from a broad market upswing and has continued to trade well above its 50-day and 200-day moving averages, but that momentum has been offset by a more volatile tape in recent sessions. Robinhood Markets, Inc. (HOOD) Beats Stock Market Upswing: What Investors Need to Know
• Negative Sentiment: Brokerage stocks, including Robinhood, were hit by a Nasdaq-100 selloff and a decline in crypto prices, both of which can reduce trading activity and weigh on revenue expectations. Robinhood Drops 4%, Webull Tumbles 6% as NASDAQ 100 Selloff and Crypto Dip Hit Retail-Brokerage Stocks
• Negative Sentiment: Reports that Robinhood is selling $400 million of credit-card asset-backed bonds added to investor caution, likely feeding concerns about financing activity and broader market stress. Why Is Robinhood Stock Falling on Friday?

Insider Activity

In related news, insider Steven M. Quirk sold 19,377 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $119.96, for a total value of $2,324,464.92. Following the completion of the transaction, the insider owned 62,612 shares of the company’s stock, valued at approximately $7,510,935.52. This represents a 23.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $116.17, for a total value of $43,563,750.00. Following the completion of the sale, the chief executive officer owned 375,000 shares of the company’s stock, valued at $43,563,750. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders purchased 680,000 shares of company stock worth $55,306,560 and sold 587,875 shares worth $62,602,915. Company insiders own 13.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Truist Financial reduced their target price on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a report on Monday, April 13th. Keefe, Bruyette & Woods dropped their price target on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. China Renaissance assumed coverage on shares of Robinhood Markets in a research report on Tuesday, July 7th. They set a “buy” rating for the company. The Goldman Sachs Group upped their price objective on Robinhood Markets from $121.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $100.00 target price on shares of Robinhood Markets in a report on Monday, June 1st. Twenty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average price target of $118.70.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $99.96 on Monday. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $153.86. The firm has a market capitalization of $90.01 billion, a price-to-earnings ratio of 48.29, a P/E/G ratio of 2.11 and a beta of 2.33. The firm has a 50 day moving average of $94.26 and a 200 day moving average of $88.89.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results 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 analysts’ expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. Robinhood Markets’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 earned $0.37 EPS. On average, analysts predict that Robinhood Markets, Inc. will post 1.86 EPS for the current year.

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.