WINTON GROUP Ltd Purchases Shares of 12,792 Robinhood Markets, Inc. (NASDAQ:HOOD)

WINTON GROUP Ltd bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,792 shares of the company's stock, valued at approximately $477,000.

Other hedge funds have also added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new position in shares of Robinhood Markets during the 4th quarter worth approximately $26,000. True Wealth Design LLC bought a new position in Robinhood Markets during the 3rd quarter worth $30,000. Creative Financial Designs Inc. ADV increased its stake in 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 acquiring an additional 750 shares during the period. Silicon Valley Capital Partners acquired a new position in Robinhood Markets in the 4th quarter valued at $37,000. Finally, Bogart Wealth LLC bought a new stake in shares of Robinhood Markets during the 4th quarter valued at $37,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Trading Down 10.4 %

HOOD stock traded down $4.42 during trading on Thursday, hitting $38.26. The company had a trading volume of 62,064,770 shares, compared to its average volume of 22,328,489. The stock has a market cap of $33.88 billion, a PE ratio of 24.37, a PEG ratio of 1.05 and a beta of 2.14. The business has a 50-day moving average of $48.49 and a 200-day moving average of $38.62. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91.

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Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data 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%. Research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the firm's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $40.45, for a total value of $4,045,000.00. Following the completion of the sale, the insider now directly owns 731,642 shares in the company, valued at approximately $29,594,918.90. This trade represents a 12.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total transaction of $273,978.93. Following the transaction, the chief technology officer now owns 17,559 shares in the company, valued at $821,936.79. This represents a 25.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,955,655 shares of company stock valued at $145,172,448. Corporate insiders own 19.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HOOD shares. JPMorgan Chase & Co. upped 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. JMP Securities lifted their price objective on shares of Robinhood Markets from $60.00 to $77.00 and gave the company a "market outperform" rating in a research note on Thursday, February 13th. Piper Sandler upped their target price on Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Morgan Stanley raised their price objective on Robinhood Markets from $64.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Finally, Raymond James began coverage on Robinhood Markets in a research note on Wednesday, February 5th. They set a "market perform" rating for the company. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Robinhood Markets has a consensus rating of "Moderate Buy" and a consensus target price of $60.24.

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.