180 Wealth Advisors LLC Invests $223,000 in Robinhood Markets, Inc. $HOOD

180 Wealth Advisors LLC bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,386 shares of the company’s stock, valued at approximately $223,000.

A number of other large investors also recently made changes to their positions in HOOD. WCM Investment Management LLC increased its stake in shares of Robinhood Markets by 3,615.7% during the second quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock worth $1,081,910,000 after purchasing an additional 11,244,182 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Robinhood Markets during the second quarter worth approximately $951,479,000. Vanguard Group Inc. increased its stake in shares of Robinhood Markets by 8.6% during the first quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company’s stock worth $3,089,914,000 after purchasing an additional 5,874,701 shares during the period. AGF Management Ltd. increased its stake in shares of Robinhood Markets by 286.0% during the first quarter. AGF Management Ltd. now owns 5,743,715 shares of the company’s stock worth $239,053,000 after purchasing an additional 4,255,862 shares during the period. Finally, Wealthquest Corp bought a new position in shares of Robinhood Markets during the first quarter worth approximately $156,193,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $139.79 on Friday. The stock’s fifty day moving average price is $123.41 and its two-hundred day moving average price is $92.70. The company has a market cap of $124.23 billion, a PE ratio of 70.96, a P/E/G ratio of 3.63 and a beta of 2.42. Robinhood Markets, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. The firm had revenue of $989.00 million for the quarter, compared to the consensus estimate of $893.93 million. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The company’s revenue was up 45.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. On average, equities analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Activity at Robinhood Markets

In related news, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total transaction of $104,797,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $147.53, for a total value of $865,115.92. Following the sale, the chief technology officer directly owned 11,952 shares in the company, valued at approximately $1,763,278.56. This trade represents a 32.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,175,598 shares of company stock worth $579,779,430 over the last 90 days. 14.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on Robinhood Markets from $89.00 to $106.00 and gave the stock a “market perform” rating in a research note on Thursday, July 31st. Cantor Fitzgerald raised their price objective on Robinhood Markets from $100.00 to $118.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Citizens Jmp raised their price objective on Robinhood Markets from $130.00 to $170.00 and gave the stock a “mkt outperform” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a research note on Saturday. Finally, Citigroup raised their price objective on Robinhood Markets from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $118.94.

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.