Hartline Investment Corp Purchases 8,960 Shares of Robinhood Markets, Inc. $HOOD

Hartline Investment Corp raised its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 13.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,003 shares of the company’s stock after purchasing an additional 8,960 shares during the period. Robinhood Markets accounts for 0.9% of Hartline Investment Corp’s investment portfolio, making the stock its 26th biggest position. Hartline Investment Corp’s holdings in Robinhood Markets were worth $8,370,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. First Command Advisory Services Inc. boosted its holdings in Robinhood Markets by 33.8% in the 3rd quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 81 shares during the period. Evolution Wealth Advisors LLC boosted its holdings in Robinhood Markets by 5.2% in the 4th quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock valued at $217,000 after purchasing an additional 95 shares during the period. CogentBlue Wealth Advisors LLC boosted its holdings in Robinhood Markets by 4.1% in the 4th quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock valued at $282,000 after purchasing an additional 98 shares during the period. Golden State Wealth Management LLC boosted its holdings in Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Finally, Vision Financial Markets LLC boosted its holdings in Robinhood Markets by 100.0% in the 3rd quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. 93.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HOOD has been the subject of several analyst reports. The Goldman Sachs Group cut their price target on shares of Robinhood Markets from $102.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Mizuho raised their price target on shares of Robinhood Markets from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, April 20th. JPMorgan Chase & Co. cut their price target on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Loop Capital set a $130.00 price objective on shares of Robinhood Markets in a report on Monday, February 9th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $155.00 price objective on shares of Robinhood Markets in a report on Wednesday, April 29th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.88.

Robinhood Markets Stock Down 3.0%

Shares of NASDAQ:HOOD opened at $73.64 on Friday. The stock has a market cap of $66.31 billion, a PE ratio of 35.58, a PEG ratio of 2.39 and a beta of 2.29. The company’s fifty day moving average is $76.11 and its 200 day moving average is $96.47. Robinhood Markets, Inc. has a 52 week low of $62.63 and a 52 week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 21.39% and a net margin of 41.12%.Robinhood Markets’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 EPS. Sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.95 EPS for the current year.

Insider Buying and Selling

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction on Monday, May 4th. The shares were sold at an average price of $76.89, for a total value of $768,900.00. Following the transaction, the insider owned 432,849 shares in the company, valued at $33,281,759.61. This trade represents a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeffrey Tsvi Pinner sold 5,835 shares of Robinhood Markets stock in a transaction on Monday, April 6th. The stock was sold at an average price of $69.85, for a total transaction of $407,574.75. Following the completion of the transaction, the chief technology officer owned 18,006 shares in the company, valued at approximately $1,257,719.10. The trade was a 24.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 560,765 shares of company stock worth $40,946,840 over the last 90 days. Insiders own 14.47% of the company’s stock.

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.