Hunting Hill Global Capital LLC Buys New Shares in Robinhood Markets, Inc. (NASDAQ:HOOD)

Hunting Hill Global Capital LLC bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,233 shares of the company's stock, valued at approximately $456,000.

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

Robinhood Markets Stock Performance

Shares of HOOD stock traded up $3.49 during trading hours on Thursday, reaching $48.15. The company had a trading volume of 42,633,875 shares, compared to its average volume of 24,688,819. The firm has a market cap of $42.63 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. The business has a fifty day moving average price of $44.05 and a 200-day moving average price of $40.45. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91.

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

Insider Buying and Selling

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total value of $273,978.93. Following the transaction, the chief technology officer now directly owns 17,559 shares of the company's stock, valued at approximately $821,936.79. This trade represents a 25.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $51.60, for a total transaction of $1,290,000.00. Following the sale, the insider now directly owns 706,642 shares of the company's stock, valued at $36,462,727.20. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,193,327 shares of company stock valued at $107,903,039 over the last 90 days. Company insiders own 19.95% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HOOD. JMP Securities cut their target price on shares of Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. upped their target price on Robinhood Markets from $39.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Needham & Company LLC lowered their target price on Robinhood Markets from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Citigroup dropped their price target on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, Compass Point started coverage on Robinhood Markets in a report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.88.

Robinhood Markets 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.