AlpInvest Partners B.V. Buys 358,532 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

AlpInvest Partners B.V. grew its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 159.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 583,257 shares of the company's stock after buying an additional 358,532 shares during the period. Robinhood Markets accounts for 22.8% of AlpInvest Partners B.V.'s investment portfolio, making the stock its 2nd largest holding. AlpInvest Partners B.V. owned about 0.07% of Robinhood Markets worth $21,732,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the 4th quarter worth $26,000. Creative Financial Designs Inc. ADV increased its position in Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after purchasing an additional 750 shares during the period. Silicon Valley Capital Partners acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $37,000. Bogart Wealth LLC purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $37,000. Finally, Spire Wealth Management grew its holdings in Robinhood Markets by 104.6% during the fourth quarter. Spire Wealth Management now owns 1,074 shares of the company's stock worth $40,000 after acquiring an additional 549 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 223,072 shares of the firm's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $41.24, for a total transaction of $9,199,489.28. Following the transaction, the director now directly owns 7,863 shares in the company, valued at $324,270.12. This trade represents a 96.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $34.51, for a total value of $201,987.03. Following the sale, the chief technology officer now owns 5,853 shares of the company's stock, valued at approximately $201,987.03. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,784,193 shares of company stock worth $137,892,219 over the last ninety days. 19.95% of the stock is currently owned by insiders.

Robinhood Markets Price Performance

Shares of HOOD traded up $0.52 during mid-day trading on Friday, hitting $41.18. The company's stock had a trading volume of 23,885,589 shares, compared to its average volume of 24,183,991. The firm has a 50-day moving average price of $45.46 and a 200 day moving average price of $39.92. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91. The stock has a market capitalization of $36.46 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Ratings Changes

HOOD has been the topic of a number of recent analyst reports. KeyCorp upped their price target on shares of Robinhood Markets from $57.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Compass Point started coverage on Robinhood Markets in a report on Wednesday, March 19th. They set a "buy" rating and a $61.00 target price on the stock. Morgan Stanley cut Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price target for the company. in a report on Tuesday, April 8th. Barclays dropped their price objective on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Finally, JMP Securities reduced their target price on Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $55.06.

About Robinhood Markets

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.