Voloridge Investment Management LLC decreased its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 22.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,981,912 shares of the company's stock after selling 1,129,081 shares during the quarter. Robinhood Markets accounts for approximately 0.5% of Voloridge Investment Management LLC's portfolio, making the stock its 27th largest position. Voloridge Investment Management LLC owned about 0.45% of Robinhood Markets worth $148,366,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Worldquant Millennium Advisors LLC raised its position in Robinhood Markets by 9.9% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 310,759 shares of the company's stock valued at $11,579,000 after purchasing an additional 27,921 shares during the period. Southpoint Capital Advisors LP purchased a new stake in Robinhood Markets in the fourth quarter valued at approximately $130,410,000. Wexford Capital LP purchased a new stake in Robinhood Markets in the fourth quarter valued at approximately $226,000. Twinbeech Capital LP purchased a new stake in Robinhood Markets in the fourth quarter valued at approximately $25,287,000. Finally, Two Sigma Advisers LP raised its position in Robinhood Markets by 0.5% in the fourth quarter. Two Sigma Advisers LP now owns 10,699,600 shares of the company's stock valued at $398,667,000 after purchasing an additional 52,700 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.
Wall Street Analysts Forecast Growth
HOOD has been the topic of a number of research analyst reports. Wolfe Research lowered Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $60.00 price objective on shares of Robinhood Markets in a research report on Thursday, March 27th. Morgan Stanley upped their price objective on Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group upped their price objective on Robinhood Markets from $56.00 to $64.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Raymond James started coverage on Robinhood Markets in a research report on Wednesday, February 5th. They set a "market perform" rating on the stock. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $55.41.
Check Out Our Latest Analysis on Robinhood Markets
Insiders Place Their Bets
In other Robinhood Markets news, Director Baiju Bhatt sold 223,528 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $43.21, for a total transaction of $9,658,644.88. Following the transaction, the director now owns 5,042 shares of the company's stock, valued at approximately $217,864.82. This trade represents a 97.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,192,688 shares of company stock valued at $107,043,646. 14.47% of the stock is currently owned by insiders.
Robinhood Markets Trading Down 2.5%
NASDAQ:HOOD traded down $1.60 during trading hours on Friday, hitting $63.17. The company's stock had a trading volume of 28,522,162 shares, compared to its average volume of 26,489,558. The stock has a market capitalization of $55.93 billion, a P/E ratio of 40.24, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The stock has a fifty day moving average of $47.76 and a 200-day moving average of $44.89. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $66.91.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $927.00 million during the quarter, compared to analysts' expectations of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The business's quarterly revenue was up 50.0% compared to the same quarter last year. During the same period last year, the company earned $0.18 EPS. On average, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.
Robinhood Markets Profile
(
Free Report)
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.
Featured Stories
Before you consider Robinhood Markets, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Robinhood Markets wasn't on the list.
While Robinhood Markets currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
