XTX Topco Ltd Purchases New Shares in Robinhood Markets, Inc. (NASDAQ:HOOD)

XTX Topco Ltd acquired 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 disclosure with the SEC. The firm acquired 23,191 shares of the company's stock, valued at approximately $864,000.

Several other institutional investors have also recently made changes to their positions in HOOD. New Wave Wealth Advisors LLC purchased a new position in Robinhood Markets in the 4th quarter valued at about $26,000. Creative Financial Designs Inc. ADV lifted its holdings in Robinhood Markets by 750.0% in 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 last quarter. Silicon Valley Capital Partners acquired a new stake in shares of Robinhood Markets during the 4th quarter worth about $37,000. Bogart Wealth LLC purchased a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $37,000. Finally, Spire Wealth Management lifted 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 purchasing an additional 549 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Trading Up 1.3 %

Shares of HOOD stock traded up $0.52 during mid-day trading on Friday, reaching $41.18. The stock had a trading volume of 23,885,589 shares, compared to its average volume of 24,248,918. The company has a market cap of $36.46 billion, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. The business has a 50-day simple moving average of $45.22 and a 200 day simple moving average of $40.05. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping 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%. Research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were 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 of the company's stock, valued at approximately $201,987.03. This represents a 50.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Baiju Bhatt sold 223,072 shares of Robinhood Markets stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $41.24, for a total transaction of $9,199,489.28. Following the transaction, the director now owns 7,863 shares in the company, valued at $324,270.12. The trade was a 96.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,784,193 shares of company stock valued at $137,892,219. Company insiders own 19.95% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HOOD. JPMorgan Chase & Co. raised 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. JMP Securities decreased their price target on Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Barclays lowered their target price on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Compass Point assumed coverage on Robinhood Markets in a research note on Wednesday, March 19th. They set a "buy" rating and a $61.00 price target on the stock. Finally, Cantor Fitzgerald began coverage on shares of Robinhood Markets in a report on Thursday, March 6th. They issued an "overweight" rating and a $69.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.06.

About Robinhood Markets

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.