6,242 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Purchased by Carlyle Group Inc.

Carlyle Group Inc. bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 6,242 shares of the company's stock, valued at approximately $233,000. Robinhood Markets comprises about 0.1% of Carlyle Group Inc.'s holdings, making the stock its 24th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC lifted its position in Robinhood Markets by 2.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company's stock valued at $368,000 after purchasing an additional 233 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Robinhood Markets by 7.8% during the 4th quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock worth $142,000 after purchasing an additional 277 shares in the last quarter. Spire Wealth Management grew its stake in shares of Robinhood Markets by 104.6% during the 4th 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 period. Allworth Financial LP increased its holdings in shares of Robinhood Markets by 130.7% in the 4th quarter. Allworth Financial LP now owns 1,135 shares of the company's stock valued at $42,000 after purchasing an additional 643 shares in the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new position in shares of Robinhood Markets in the 4th quarter valued at about $26,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HOOD shares. Citigroup lowered their target price on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Needham & Company LLC decreased their target price on Robinhood Markets from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Wolfe Research cut Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. JMP Securities decreased their price objective on shares of 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. Finally, Morgan Stanley downgraded shares of Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 target price for the company. in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.06.

Robinhood Markets Stock Performance

Shares of HOOD stock traded up $0.52 during mid-day trading on Friday, reaching $41.18. 23,885,589 shares of the company were exchanged, compared to its average volume of 24,183,991. The company has a market capitalization of $36.46 billion, a P/E ratio of 26.23, a P/E/G ratio of 1.05 and a beta of 2.17. The business's 50 day simple moving average is $45.46 and its 200 day simple moving average is $39.92. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share 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, analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Transactions at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $34.51, for a total transaction of $201,987.03. Following the completion of the transaction, the chief technology officer now owns 5,853 shares in the company, valued at approximately $201,987.03. This represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Baiju Bhatt sold 90,866 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $50.67, for a total transaction of $4,604,180.22. Following the completion of the transaction, the director now owns 5,042 shares of the company's stock, valued at $255,478.14. This represents a 94.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,784,193 shares of company stock worth $137,892,219. 19.95% of the stock is currently owned by corporate insiders.

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.