Tulsa Wealth Advisors INC Makes New $1.49 Million Investment in Robinhood Markets, Inc. $HOOD

Tulsa Wealth Advisors INC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,193 shares of the company’s stock, valued at approximately $1,492,000.

Other large investors have also modified their holdings of the company. Empowered Funds LLC grew its holdings in shares of Robinhood Markets by 46.7% during the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock worth $2,076,000 after purchasing an additional 15,885 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Robinhood Markets in the 2nd quarter valued at about $5,105,000. Federated Hermes Inc. raised its holdings in Robinhood Markets by 106.2% in the 2nd quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock valued at $5,988,000 after buying an additional 32,933 shares during the period. NewEdge Advisors LLC lifted its position in Robinhood Markets by 19.1% in the second quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock valued at $8,396,000 after buying an additional 14,356 shares during the last quarter. Finally, Nebula Research & Development LLC acquired a new position in Robinhood Markets in the second quarter valued at about $1,316,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In related news, Director Meyer Malka bought 250,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $80.74 per share, with a total value of $20,185,000.00. Following the purchase, the director directly owned 3,924,427 shares of the company’s stock, valued at $316,858,235.98. This trade represents a 6.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Shiv Verma sold 3,984 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $98.84, for a total value of $393,778.56. Following the sale, the chief financial officer owned 59,927 shares in the company, valued at approximately $5,923,184.68. This trade represents a 6.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have bought 680,000 shares of company stock valued at $55,306,560 and have sold 633,484 shares valued at $47,542,923. Insiders own 14.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a research note on Friday, March 27th. Loop Capital set a $110.00 price objective on shares of Robinhood Markets in a report on Wednesday. KeyCorp reaffirmed an “overweight” rating and set a $100.00 price objective on shares of Robinhood Markets in a research report on Monday, June 1st. Barclays dropped their target price on shares of Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Finally, Needham & Company LLC boosted their target price on Robinhood Markets from $85.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.36.

Robinhood Markets Price Performance

Shares of HOOD opened at $108.15 on Friday. The company has a market cap of $97.39 billion, a P/E ratio of 52.25, a PEG ratio of 2.54 and a beta of 2.35. Robinhood Markets, Inc. has a fifty-two week low of $63.51 and a fifty-two week high of $153.86. The firm’s 50 day moving average price is $83.43 and its 200 day moving average price is $91.48.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The business had revenue of $1.07 billion during 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%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. Research analysts forecast that Robinhood Markets, Inc. will post 1.81 earnings per share for the current year.

More Robinhood Markets News

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

• Positive Sentiment: Robinhood said its new “AI Trading” feature has already attracted more than 50,000 users in just weeks, with the product helping drive millions of daily interactions and reinforcing the company’s growth narrative. Robinhood Stock Spikes as AI Trading Tops 50,000 Users in Weeks
• Positive Sentiment: Shares have also been supported by record June trading volumes and analyst upgrades/raised price targets after Robinhood announced a 10% workforce reduction, which investors read as a move to improve margins and streamline operations. Stock Market Today, June 17: Robinhood Jumps After Announcing 10% Workforce Reduction, Record June Volumes
• Positive Sentiment: Momentum traders are also focused on the stock’s technical breakout potential after it outperformed the broader market and moved sharply higher on heavy volume. Stock Of The Day: Will Robinhood Break Out?
• Neutral Sentiment: Commentary on Robinhood’s valuation suggests the stock is expensive, so even with strong growth, expectations are high and any slowdown could make the shares vulnerable. 2 High-Flying Stocks Worth Your Attention and 1 We Question
• Negative Sentiment: Cathie Wood’s ARK has been trimming Robinhood holdings into the rally, which may create some short-term supply pressure and signals that not all big investors are chasing the move. Cathie Wood’s Ark Invest Sells Robinhood Stock Into 8% Rally, Loads Up On Coinbase And Block

About Robinhood Markets

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.