8,113,929 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by GQG Partners LLC

GQG Partners LLC purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,113,929 shares of the company's stock, valued at approximately $302,325,000. GQG Partners LLC owned approximately 0.92% of Robinhood Markets at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. New Wave Wealth Advisors LLC bought a new stake in Robinhood Markets during the fourth quarter worth about $26,000. True Wealth Design LLC acquired a new position in shares of Robinhood Markets during the 3rd quarter worth approximately $30,000. Creative Financial Designs Inc. ADV raised its stake in shares of 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 in the last quarter. Silicon Valley Capital Partners acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $37,000. Finally, Bogart Wealth LLC bought a new position in shares of Robinhood Markets in the fourth quarter valued at $37,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total transaction of $29,370,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,876 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $42.64, for a total transaction of $250,552.64. Following the sale, the chief technology officer now owns 5,876 shares in the company, valued at $250,552.64. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,955,655 shares of company stock valued at $143,072,448 over the last quarter. 19.95% of the stock is owned by company insiders.

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Robinhood Markets Stock Performance

Shares of HOOD stock traded down $2.07 during trading on Friday, hitting $41.92. The company had a trading volume of 44,168,954 shares, compared to its average volume of 21,816,276. The firm has a market capitalization of $37.12 billion, a P/E ratio of 26.70, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The stock's 50-day moving average price is $49.16 and its 200 day moving average price is $38.06.

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, 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%. On average, research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Raymond James began coverage on shares of Robinhood Markets in a research note on Wednesday, February 5th. They issued a "market perform" rating for the company. Piper Sandler raised their price objective on Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft decreased their target price on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. lifted their price objective on shares of Robinhood Markets from $39.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Finally, Needham & Company LLC dropped their price objective on shares of Robinhood Markets from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Friday. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.82.

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.