Aquatic Capital Management LLC Has $24.69 Million Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Aquatic Capital Management LLC lifted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 369.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 662,604 shares of the company's stock after purchasing an additional 521,604 shares during the quarter. Robinhood Markets comprises approximately 0.7% of Aquatic Capital Management LLC's portfolio, making the stock its 28th biggest position. Aquatic Capital Management LLC owned about 0.07% of Robinhood Markets worth $24,689,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HOOD. New Wave Wealth Advisors LLC purchased a new stake in shares of Robinhood Markets during the fourth quarter worth approximately $26,000. Creative Financial Designs Inc. ADV raised its stake in shares of Robinhood Markets by 750.0% during the fourth 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 last quarter. Silicon Valley Capital Partners purchased a new stake in shares of Robinhood Markets during the fourth quarter worth approximately $37,000. Bogart Wealth LLC purchased a new stake in shares of Robinhood Markets during the fourth quarter worth approximately $37,000. Finally, Spire Wealth Management raised its stake in shares of 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 purchasing an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insiders Place Their Bets

In related news, CEO Vladimir Tenev sold 750,000 shares of the business'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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was 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 owns 706,642 shares of the company's stock, valued at $36,462,727.20. This represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,234,584 shares of company stock worth $109,755,759 in the last ninety days. Insiders own 19.95% of the company's stock.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock traded up $0.44 during trading on Tuesday, hitting $49.37. 28,435,818 shares of the stock traded hands, compared to its average volume of 24,990,482. The company has a fifty day moving average price of $43.28 and a two-hundred day moving average price of $41.16. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The stock has a market cap of $43.72 billion, a P/E ratio of 31.45, a PEG ratio of 1.05 and a beta of 2.17.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HOOD shares. JMP Securities cut their price objective on Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Wolfe Research cut Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Raymond James started coverage on Robinhood Markets in a research report on Wednesday, February 5th. They issued a "market perform" rating for the company. Citigroup lowered their target price on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Finally, Cantor Fitzgerald began coverage on Robinhood Markets in a research note on Thursday, March 6th. They set an "overweight" rating and a $69.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $53.88.

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.