Quantessence Capital LLC Invests $1.06 Million in Robinhood Markets, Inc. (NASDAQ:HOOD)

Quantessence Capital LLC bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,320 shares of the company's stock, valued at approximately $1,055,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HOOD. Hunting Hill Global Capital LLC bought a new position in shares of Robinhood Markets in the 4th quarter worth $456,000. Stifel Financial Corp increased its holdings in shares of Robinhood Markets by 646.9% in the fourth quarter. Stifel Financial Corp now owns 196,578 shares of the company's stock valued at $7,324,000 after purchasing an additional 170,259 shares during the period. Tower Research Capital LLC TRC raised its position in Robinhood Markets by 218.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 28,141 shares of the company's stock worth $1,049,000 after buying an additional 19,294 shares during the last quarter. MML Investors Services LLC grew its position in Robinhood Markets by 4.3% during the 4th quarter. MML Investors Services LLC now owns 54,052 shares of the company's stock worth $2,014,000 after purchasing an additional 2,213 shares during the period. Finally, MetLife Investment Management LLC boosted its position in Robinhood Markets by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock worth $440,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on HOOD shares. KeyCorp decreased their price target on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday. Morgan Stanley cut Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price objective for the company. in a research note on Tuesday, April 8th. Cantor Fitzgerald initiated coverage on shares of Robinhood Markets in a report on Thursday, March 6th. They issued an "overweight" rating and a $69.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Robinhood Markets from $39.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Finally, Mizuho raised their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.88.

Robinhood Markets Stock Up 7.8 %

Robinhood Markets stock traded up $3.49 during mid-day trading on Thursday, hitting $48.15. The company's stock had a trading volume of 42,633,875 shares, compared to its average volume of 24,759,189. The stock has a market capitalization of $42.63 billion, a P/E ratio of 30.67, a P/E/G ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The stock's fifty day moving average price is $43.71 and its two-hundred day moving average price is $40.62.

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, 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%. Equities analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, 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 transaction of $201,987.03. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Baiju Bhatt sold 223,072 shares of the business's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $41.24, for a total value of $9,199,489.28. Following the transaction, the director now directly owns 7,863 shares of the company's stock, valued at $324,270.12. This represents a 96.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,193,327 shares of company stock worth $107,903,039 in the last quarter. 19.95% of the stock is currently owned by corporate insiders.

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.