TriaGen Wealth Management LLC Purchases New Shares in Robinhood Markets, Inc. $HOOD

TriaGen Wealth Management LLC acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,454 shares of the company’s stock, valued at approximately $792,000.

Other institutional investors have also made changes to their positions in the company. True Vision MN LLC increased its position in Robinhood Markets by 1.7% in the 2nd quarter. True Vision MN LLC now owns 6,858 shares of the company’s stock worth $642,000 after purchasing an additional 116 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Robinhood Markets by 2.3% during the 2nd quarter. Ballentine Partners LLC now owns 6,624 shares of the company’s stock valued at $620,000 after buying an additional 148 shares during the last quarter. Cigna Investments Inc. New grew its stake in shares of Robinhood Markets by 2.7% in the 1st quarter. Cigna Investments Inc. New now owns 6,730 shares of the company’s stock valued at $280,000 after buying an additional 174 shares in the last quarter. Hemington Wealth Management increased its holdings in Robinhood Markets by 52.2% in the first quarter. Hemington Wealth Management now owns 636 shares of the company’s stock worth $26,000 after buying an additional 218 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Robinhood Markets by 4.0% during the first quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company’s stock valued at $290,000 after acquiring an additional 265 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $100.92, for a total transaction of $2,523,000.00. Following the sale, the insider owned 610,949 shares in the company, valued at $61,656,973.08. The trade was a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Baiju Bhatt sold 418,338 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $119.42, for a total transaction of $49,957,923.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,650,598 shares of company stock worth $613,676,575. 19.95% of the stock is currently owned by corporate insiders.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $144.26 on Tuesday. The company’s fifty day moving average is $115.20 and its two-hundred day moving average is $83.57. Robinhood Markets, Inc. has a 52-week low of $22.72 and a 52-week high of $153.86. The firm has a market capitalization of $128.20 billion, a price-to-earnings ratio of 73.23, a P/E/G ratio of 4.13 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The business had revenue of $989.00 million during the quarter, compared to analysts’ expectations of $893.93 million. During the same quarter last year, the company earned $0.21 earnings per share. The firm’s revenue was up 45.0% on a year-over-year basis. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HOOD shares. Bank of America upped their price objective on shares of Robinhood Markets from $139.00 to $157.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Compass Point increased their price objective on Robinhood Markets from $64.00 to $96.00 and gave the company a “buy” rating in a report on Friday, June 27th. Deutsche Bank Aktiengesellschaft boosted their target price on Robinhood Markets from $70.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Mizuho lifted their price target on shares of Robinhood Markets from $120.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. Finally, Morgan Stanley boosted their price objective on shares of Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $113.59.

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.