Engle Capital Management L.P. Makes New $5.92 Million Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Engle Capital Management L.P. acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 159,000 shares of the company's stock, valued at approximately $5,924,000. Robinhood Markets accounts for approximately 1.8% of Engle Capital Management L.P.'s portfolio, making the stock its 20th biggest position.

Other institutional investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC bought a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $26,000. CoreCap Advisors LLC boosted its stake in Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after buying an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV grew 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 acquiring an additional 750 shares during the period. Colonial Trust Co SC acquired a new position in Robinhood Markets during the fourth quarter worth $34,000. Finally, Silicon Valley Capital Partners bought a new position in shares of Robinhood Markets during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HOOD shares. JMP Securities reiterated a "market outperform" rating and set a $70.00 target price on shares of Robinhood Markets in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Needham & Company LLC decreased their price target on Robinhood Markets from $62.00 to $58.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Morgan Stanley cut Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price target for the company. in a report on Tuesday, April 8th. Finally, Barclays reduced their price objective on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average target price of $53.24.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock traded up $0.58 on Friday, hitting $54.65. 44,231,692 shares of the company's stock traded hands, compared to its average volume of 26,094,314. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The stock has a market capitalization of $48.39 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The firm's 50-day moving average price is $43.38 and its two-hundred day moving average price is $42.50.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The company's revenue for the quarter was up 50.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. On average, analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $47.69, for a total transaction of $1,192,250.00. Following the completion of the transaction, the insider now directly owns 797,825 shares in the company, valued at approximately $38,048,274.25. This trade represents a 3.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,243,727 shares of company stock valued at $109,688,747 over the last 90 days. 14.47% of the stock is owned by company insiders.

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.