Robinhood Markets, Inc. $HOOD Stock Position Lifted by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 155.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,962 shares of the company’s stock after buying an additional 43,224 shares during the period. Axxcess Wealth Management LLC’s holdings in Robinhood Markets were worth $8,026,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HOOD. Golden State Wealth Management LLC lifted its holdings in shares of Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 99 shares during the last quarter. Vision Financial Markets LLC raised its stake in Robinhood Markets by 100.0% during the 3rd quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Robinhood Markets during the 3rd quarter valued at $29,000. Guerra Advisors Inc bought a new stake in Robinhood Markets during the 3rd quarter valued at $30,000. Finally, Elyxium Wealth LLC bought a new stake in Robinhood Markets during the 4th quarter valued at $27,000. Institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In related news, Director Baiju Bhatt sold 67,422 shares of Robinhood Markets stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $75.38, for a total value of $5,082,270.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 8,540 shares of Robinhood Markets stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $84.93, for a total value of $725,302.20. Following the completion of the transaction, the insider owned 53,183 shares in the company, valued at $4,516,832.19. The trade was a 13.84% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 560,765 shares of company stock worth $40,946,840. Corporate insiders own 14.47% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Argus cut their target price on Robinhood Markets from $102.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. The Goldman Sachs Group cut their target price on Robinhood Markets from $102.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Keefe, Bruyette & Woods cut their target price on 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. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $110.00 target price on shares of Robinhood Markets in a research note on Wednesday, April 29th. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.88.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $73.64 on Friday. Robinhood Markets, Inc. has a 1 year low of $62.63 and a 1 year high of $153.86. The stock has a market cap of $66.31 billion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 2.39 and a beta of 2.29. The business’s fifty day moving average is $76.11 and its 200-day moving average is $96.47.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) 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 analyst estimates of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. Equities research analysts predict that Robinhood Markets, Inc. will post 1.95 earnings per share for the current year.

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.