Axxcess Wealth Management LLC Raises Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Axxcess Wealth Management LLC boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 14.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,115 shares of the company’s stock after buying an additional 3,117 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Robinhood Markets were worth $320,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Peoples Bank KS purchased a new position in Robinhood Markets during the third quarter valued at approximately $29,000. UniSuper Management Pty Ltd purchased a new position in Robinhood Markets during the third quarter valued at approximately $30,000. Whittier Trust Co. grew its holdings in Robinhood Markets by 100.0% in the fourth quarter. Whittier Trust Co. now owns 4,634 shares of the company’s stock worth $59,000 after purchasing an additional 2,317 shares during the last quarter. Financial Connections Group Inc. purchased a new position in Robinhood Markets in the fourth quarter worth $89,000. Finally, International Assets Investment Management LLC grew its holdings in Robinhood Markets by 1,174.1% in the fourth quarter. International Assets Investment Management LLC now owns 7,326 shares of the company’s stock worth $93,000 after purchasing an additional 6,751 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Robinhood Markets

In related news, CFO Jason Warnick sold 5,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $19.59, for a total transaction of $97,950.00. Following the completion of the transaction, the chief financial officer now directly owns 1,002,407 shares in the company, valued at $19,637,153.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $17.93, for a total value of $4,482,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason Warnick sold 5,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $19.59, for a total transaction of $97,950.00. Following the completion of the transaction, the chief financial officer now owns 1,002,407 shares of the company’s stock, valued at approximately $19,637,153.13. The disclosure for this sale can be found here. Insiders sold 2,413,026 shares of company stock worth $38,927,267 over the last three months. Company insiders own 20.81% of the company’s stock.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $17.85 on Thursday. The company has a market capitalization of $15.61 billion, a PE ratio of -29.75 and a beta of 1.74. The company has a fifty day moving average of $17.82 and a 200 day moving average of $13.40. Robinhood Markets, Inc. has a 1 year low of $7.91 and a 1 year high of $20.55.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $471.00 million during the quarter, compared to the consensus estimate of $454.73 million. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.19) earnings per share. Research analysts expect that Robinhood Markets, Inc. will post 0.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Robinhood Markets from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Barclays lifted their price target on shares of Robinhood Markets from $11.00 to $16.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Citigroup lowered shares of Robinhood Markets from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $13.00 to $16.00 in a report on Thursday, April 11th. TheStreet raised shares of Robinhood Markets from a “d+” rating to a “c-” rating in a report on Wednesday, February 28th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Robinhood Markets in a report on Monday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.96.

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.