Oxford Asset Management LLP Makes New Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Oxford Asset Management LLP bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,803 shares of the company's stock, valued at approximately $403,000.

Other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc lifted its position in shares of Robinhood Markets by 601.1% during the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock worth $164,000 after buying an additional 3,769 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of Robinhood Markets in the 4th quarter valued at $634,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Robinhood Markets by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock valued at $175,857,000 after purchasing an additional 138,267 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Robinhood Markets by 20.7% in the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company's stock valued at $20,154,000 after purchasing an additional 92,613 shares during the last quarter. Finally, Requisite Capital Management LLC acquired a new position in shares of Robinhood Markets during the 4th quarter valued at $266,000. 93.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $51.60, for a total value of $1,290,000.00. Following the completion of the sale, the insider now directly owns 706,642 shares in the company, valued at $36,462,727.20. This trade represents a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $31,470,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,240,437 shares of company stock worth $110,044,137 over the last three months. Company insiders own 19.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $60.00 target price on shares of Robinhood Markets in a report on Thursday, March 27th. Needham & Company LLC reduced their price target on shares of Robinhood Markets from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Raymond James assumed coverage on shares of Robinhood Markets in a report on Wednesday, February 5th. They set a "market perform" rating for the company. Finally, Mizuho boosted their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $53.88.

Robinhood Markets Stock Performance

HOOD traded up $0.44 during trading on Tuesday, reaching $49.37. The stock had a trading volume of 28,515,388 shares, compared to its average volume of 25,057,719. The stock has a market cap of $43.72 billion, a PE ratio of 31.45, a PEG ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The business has a 50-day moving average of $43.28 and a 200-day moving average of $41.16.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

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.