GF Fund Management CO. LTD. Invests $2.94 Million in Robinhood Markets, Inc. (NASDAQ:HOOD)

GF Fund Management CO. LTD. purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 79,000 shares of the company’s stock, valued at approximately $2,944,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the 4th quarter worth $26,000. CoreCap Advisors LLC raised its holdings in Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position 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 purchasing an additional 750 shares during the period. Colonial Trust Co SC acquired a new position in Robinhood Markets during the 4th quarter worth approximately $34,000. Finally, Silicon Valley Capital Partners acquired a new position in Robinhood Markets during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HOOD shares. Piper Sandler lifted their price target on Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Barclays decreased their target price on shares of Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Robinhood Markets from $54.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Needham & Company LLC upped their target price on shares of Robinhood Markets from $58.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Finally, KeyCorp reduced their price target on shares of Robinhood Markets from $75.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.41.

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total value of $31,470,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Meyer Malka sold 64,951 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $49.64, for a total transaction of $3,224,167.64. Following the completion of the sale, the director now owns 3,235,585 shares of the company’s stock, valued at approximately $160,614,439.40. The trade was a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,192,688 shares of company stock worth $107,043,646. Insiders own 14.47% of the company’s stock.

Robinhood Markets Trading Down 2.5%

Shares of HOOD stock opened at $63.17 on Friday. The company has a market capitalization of $55.93 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 1.05 and a beta of 2.15. The firm has a 50-day moving average price of $47.76 and a 200 day moving average price of $45.00. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The firm had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. During the same period in the prior year, the firm earned $0.18 EPS. The business’s quarterly revenue was up 50.0% on a year-over-year basis. As a group, research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

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.