Vivid Wealth Management LLC Has $2.09 Million Stock Holdings in Robinhood Markets, Inc. $HOOD

Vivid Wealth Management LLC raised its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 24.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 30,197 shares of the company’s stock after acquiring an additional 5,868 shares during the period. Vivid Wealth Management LLC’s holdings in Robinhood Markets were worth $2,093,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Evolution Wealth Advisors LLC grew its stake in shares of Robinhood Markets by 5.2% during the fourth quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock worth $217,000 after purchasing an additional 95 shares during the period. CogentBlue Wealth Advisors LLC lifted its stake in Robinhood Markets by 4.1% in the fourth quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock valued at $282,000 after buying an additional 98 shares during the period. SOA Wealth Advisors LLC. lifted its stake in Robinhood Markets by 11.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock valued at $109,000 after buying an additional 100 shares during the period. Barnes Dennig Private Wealth Management LLC boosted its holdings in Robinhood Markets by 10.2% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 1,210 shares of the company’s stock worth $137,000 after buying an additional 112 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in Robinhood Markets by 8.5% during the fourth quarter. Bogart Wealth LLC now owns 1,463 shares of the company’s stock worth $165,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

More Robinhood Markets News

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

Insider Activity

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $83.68, for a total value of $836,800.00. Following the transaction, the insider owned 481,396 shares of the company’s stock, valued at approximately $40,283,217.28. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 57,898 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $89.63, for a total transaction of $5,189,397.74. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders acquired 680,000 shares of company stock worth $55,306,560 and sold 633,484 shares worth $47,542,923. Corporate insiders own 14.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HOOD shares. Needham & Company LLC boosted their target price on Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Barclays cut their price target on shares of Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. KeyCorp reissued an “overweight” rating and set a $100.00 price objective on shares of Robinhood Markets in a research note on Monday, June 1st. Cantor Fitzgerald restated an “overweight” rating and set a $110.00 price objective on shares of Robinhood Markets in a report on Tuesday, June 9th. Finally, The Goldman Sachs Group upped their target price on shares of Robinhood Markets from $108.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.00.

View Our Latest Analysis on HOOD

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $112.73 on Friday. The company has a market capitalization of $101.51 billion, a P/E ratio of 54.46, a price-to-earnings-growth ratio of 2.53 and a beta of 2.33. The business has a 50-day moving average of $87.70 and a two-hundred day moving average of $89.61. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its quarterly earnings data 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). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm earned $0.37 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 1.81 EPS for the current fiscal year.

About Robinhood Markets

(Free Report)

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.

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Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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