Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC increased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 231.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,257,840 shares of the company's stock after purchasing an additional 3,673,861 shares during the quarter. AQR Capital Management LLC owned 0.59% of Robinhood Markets worth $195,907,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HOOD. IFP Advisors Inc grew its stake in Robinhood Markets by 601.1% in the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock valued at $164,000 after acquiring an additional 3,769 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at about $634,000. Charles Schwab Investment Management Inc. increased its stake in shares of Robinhood Markets by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock worth $175,857,000 after purchasing an additional 138,267 shares in the last quarter. Atomi Financial Group Inc. raised its position in shares of Robinhood Markets by 20.7% during the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company's stock worth $20,154,000 after purchasing an additional 92,613 shares during the last quarter. Finally, Requisite Capital Management LLC acquired a new stake in Robinhood Markets in the 4th quarter worth about $266,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Transactions at Robinhood Markets

In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93. Following the completion of the sale, the chief technology officer now directly owns 17,559 shares of the company's stock, valued at $821,936.79. This trade represents a 25.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $51.60, for a total transaction of $1,290,000.00. Following the completion of the transaction, the insider now directly owns 706,642 shares in the company, valued at $36,462,727.20. This represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,334,593 shares of company stock valued at $114,815,021. Corporate insiders own 19.95% of the company's stock.

Analyst Upgrades and Downgrades

HOOD has been the topic of a number of research analyst reports. Barclays lowered their price target 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. Mizuho increased their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. KeyCorp lowered their price target on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Needham & Company LLC dropped their price objective on shares of Robinhood Markets from $62.00 to $58.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Citigroup lowered their target price on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $53.24.

Robinhood Markets Price Performance

Shares of HOOD stock traded down $2.49 on Thursday, hitting $46.62. The stock had a trading volume of 88,059,000 shares, compared to its average volume of 25,537,819. The company's 50 day moving average price is $43.10 and its 200-day moving average price is $41.27. Robinhood Markets, Inc. has a 1 year low of $13.98 and a 1 year high of $66.91. The firm has a market capitalization of $41.28 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The business's revenue was up 50.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. On average, equities analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

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.