WINTON GROUP Ltd Takes Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

WINTON GROUP Ltd bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,792 shares of the company’s stock, valued at approximately $477,000.

A number of other hedge funds also recently bought and sold shares of the business. New Wave Wealth Advisors LLC bought a new position in Robinhood Markets in the 4th quarter worth $26,000. Creative Financial Designs Inc. ADV increased its position 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 buying an additional 750 shares during the period. Silicon Valley Capital Partners bought a new position in Robinhood Markets in the fourth quarter worth about $37,000. Bogart Wealth LLC purchased a new stake in Robinhood Markets in the fourth quarter worth about $37,000. Finally, Spire Wealth Management boosted its position in Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock valued at $40,000 after acquiring an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

HOOD stock opened at $41.92 on Monday. The stock has a market capitalization of $37.12 billion, a P/E ratio of 26.70, a P/E/G ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91. The business has a fifty day moving average price of $49.16 and a 200-day moving average price of $38.32.

Robinhood Markets (NASDAQ:HOOD) last issued its 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%. As a group, analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Activity

In related news, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $40.45, for a total transaction of $4,045,000.00. Following the completion of the sale, the insider now owns 731,642 shares in the company, valued at approximately $29,594,918.90. This represents a 12.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total value of $273,978.93. Following the completion of the transaction, the chief technology officer now directly owns 17,559 shares in the company, valued at $821,936.79. The trade was a 25.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,955,655 shares of company stock valued at $143,072,448 over the last three months. Insiders own 19.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HOOD. JMP Securities raised their target price on Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a research note on Thursday, February 13th. Raymond James assumed coverage on Robinhood Markets in a research report on Wednesday, February 5th. They set a “market perform” rating for the company. Cantor Fitzgerald started coverage on shares of Robinhood Markets in a research report on Thursday, March 6th. They issued an “overweight” rating and a $69.00 target price on the stock. Citigroup lifted their price target on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Mizuho upped their price objective on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Robinhood Markets has a consensus rating of “Moderate Buy” and an average target price of $60.82.

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.