Harbour Investments Inc. Purchases 19,581 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Harbour Investments Inc. lifted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 731.7% during the first quarter, Holdings Channel.com reports. The firm owned 22,257 shares of the company’s stock after purchasing an additional 19,581 shares during the period. Harbour Investments Inc.’s holdings in Robinhood Markets were worth $926,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC increased its stake in Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company’s stock valued at $25,000 after purchasing an additional 508 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Robinhood Markets during the first quarter worth about $30,000. CoreCap Advisors LLC raised its holdings in shares of Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after acquiring an additional 550 shares during the last quarter. Colonial Trust Co SC bought a new position in Robinhood Markets in the 4th quarter valued at about $34,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position 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 acquiring an additional 498 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Keefe, Bruyette & Woods boosted their price objective on Robinhood Markets from $89.00 to $106.00 and gave the stock a “market perform” rating in a report on Thursday. Morgan Stanley increased their price target on Robinhood Markets from $43.00 to $110.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. Mizuho set a $120.00 price objective on Robinhood Markets and gave the company an “outperform” rating in a research note on Thursday. KeyCorp upped their target price on shares of Robinhood Markets from $60.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Finally, Compass Point increased their target price on shares of Robinhood Markets from $64.00 to $96.00 and gave the company a “buy” rating in a report on Friday, June 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.29.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $93.27, for a total transaction of $69,952,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Baiju Bhatt sold 418,338 shares of Robinhood Markets stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $74.29, for a total transaction of $31,078,330.02. Following the completion of the transaction, the director owned 7,863 shares of the company’s stock, valued at $584,142.27. The trade was a 98.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,026,690 shares of company stock worth $257,160,102. 14.47% of the stock is owned by company insiders.

Robinhood Markets Stock Down 3.1%

Shares of HOOD stock opened at $99.90 on Friday. The firm has a market cap of $88.46 billion, a P/E ratio of 50.71, a PEG ratio of 5.03 and a beta of 2.36. The company has a 50 day moving average of $86.92 and a 200-day moving average of $62.00. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $113.44.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. The business had revenue of $989.00 million during the quarter, compared to the consensus estimate of $893.93 million. Robinhood Markets had a return on equity of 17.69% and a net margin of 50.13%. The business’s revenue for the quarter was up 45.0% on a year-over-year basis. During the same period last year, the business posted $0.21 earnings per share. As a group, equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Robinhood Markets 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.