Jump Financial LLC Purchases 233,122 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Jump Financial LLC raised its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 76.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 537,723 shares of the company's stock after buying an additional 233,122 shares during the quarter. Jump Financial LLC owned about 0.06% of Robinhood Markets worth $20,036,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in Robinhood Markets during the fourth quarter worth about $26,000. Creative Financial Designs Inc. ADV lifted its holdings 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 valued at $32,000 after acquiring an additional 750 shares during the period. Silicon Valley Capital Partners bought a new stake in shares of Robinhood Markets in the 4th quarter worth about $37,000. Bogart Wealth LLC bought a new position in Robinhood Markets during the 4th quarter valued at about $37,000. Finally, Spire Wealth Management grew its stake in 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 buying an additional 549 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Trading Up 1.3 %

Shares of Robinhood Markets stock traded up $0.52 during trading hours on Friday, reaching $41.18. 23,885,589 shares of the company's stock were exchanged, compared to its average volume of 24,248,918. The company has a 50 day moving average of $45.22 and a two-hundred day moving average of $40.05. The stock has a market cap 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. 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 issued 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 return on equity of 13.53% and a net margin of 47.81%. As a group, analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93. Following the completion of the sale, the chief technology officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 500,000 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $50.77, for a total transaction of $25,385,000.00. The disclosure for this sale can be found here. Insiders sold 2,784,193 shares of company stock worth $137,892,219 over the last three months. Insiders own 19.95% of the company's stock.

Wall Street Analyst Weigh In

HOOD has been the topic of several recent analyst reports. Morgan Stanley downgraded Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 target price on the stock. in a report on Tuesday, April 8th. Mizuho increased their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $60.00 price objective on shares of Robinhood Markets in a report on Thursday, March 27th. KeyCorp raised their target price on shares of Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Finally, Wolfe Research downgraded Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $55.06.

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.