Capital Fund Management S.A. Boosts Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Capital Fund Management S.A. raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 73.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,230,656 shares of the company’s stock after purchasing an additional 519,158 shares during the period. Capital Fund Management S.A. owned 0.14% of Robinhood Markets worth $15,679,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Quadrature Capital Ltd increased its stake in shares of Robinhood Markets by 198.8% in the fourth quarter. Quadrature Capital Ltd now owns 237,561 shares of the company’s stock worth $3,029,000 after purchasing an additional 158,044 shares in the last quarter. Seven Eight Capital LP increased its stake in shares of Robinhood Markets by 796.4% in the fourth quarter. Seven Eight Capital LP now owns 120,072 shares of the company’s stock worth $1,530,000 after purchasing an additional 106,677 shares in the last quarter. Prudential PLC purchased a new position in shares of Robinhood Markets in the fourth quarter worth about $287,000. California State Teachers Retirement System grew its stake in Robinhood Markets by 6.3% during the fourth quarter. California State Teachers Retirement System now owns 705,551 shares of the company’s stock valued at $8,989,000 after acquiring an additional 41,792 shares in the last quarter. Finally, Evoke Wealth LLC purchased a new position in Robinhood Markets during the fourth quarter valued at approximately $138,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling

In other Robinhood Markets news, insider Baiju Bhatt sold 157,177 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $16.41, for a total transaction of $2,579,274.57. Following the transaction, the insider now owns 36,045 shares in the company, valued at approximately $591,498.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Robinhood Markets news, insider Baiju Bhatt sold 157,177 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $16.41, for a total transaction of $2,579,274.57. Following the transaction, the insider now owns 36,045 shares in the company, valued at approximately $591,498.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason Warnick sold 5,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $19.59, for a total transaction of $97,950.00. Following the completion of the transaction, the chief financial officer now owns 1,002,407 shares in the company, valued at approximately $19,637,153.13. The disclosure for this sale can be found here. Insiders have sold a total of 1,539,351 shares of company stock valued at $28,861,419 over the last three months. 19.95% of the stock is owned by company insiders.

Robinhood Markets Trading Down 3.4 %

Shares of HOOD traded down $0.79 during mid-day trading on Friday, reaching $22.18. The company’s stock had a trading volume of 24,723,105 shares, compared to its average volume of 24,558,996. The stock has a market cap of $19.49 billion, a PE ratio of 147.87 and a beta of 1.83. Robinhood Markets, Inc. has a 52 week low of $7.91 and a 52 week high of $23.69. The company’s fifty day moving average price is $18.77 and its two-hundred day moving average price is $15.08.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.05 by $0.13. Robinhood Markets had a net margin of 6.22% and a return on equity of 1.86%. The company had revenue of $618.00 million for the quarter, compared to the consensus estimate of $552.74 million. During the same period in the previous year, the firm earned ($0.57) earnings per share. The firm’s revenue for the quarter was up 40.1% on a year-over-year basis. Research analysts anticipate that Robinhood Markets, Inc. will post 0.53 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on HOOD shares. Citigroup cut shares of Robinhood Markets from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $13.00 to $16.00 in a research note on Thursday, April 11th. Barclays boosted their price objective on shares of Robinhood Markets from $16.00 to $18.00 and gave the company an “underweight” rating in a research note on Thursday, May 9th. Morgan Stanley boosted their price objective on shares of Robinhood Markets from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. TheStreet raised shares of Robinhood Markets from a “d+” rating to a “c-” rating in a research note on Wednesday, February 28th. Finally, Bank of America upgraded shares of Robinhood Markets from an “underperform” rating to a “buy” rating and lifted their target price for the company from $14.00 to $24.00 in a research report on Friday, May 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Robinhood Markets has an average rating of “Hold” and a consensus price target of $19.75.

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.