26,700 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Bridger Management LLC

Bridger Management LLC acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 26,700 shares of the company's stock, valued at approximately $995,000. Robinhood Markets makes up about 0.5% of Bridger Management LLC's investment portfolio, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. New Wave Wealth Advisors LLC bought a new stake in Robinhood Markets during the 4th quarter worth approximately $26,000. Creative Financial Designs Inc. ADV raised its position in Robinhood Markets by 750.0% in the 4th 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 last quarter. Silicon Valley Capital Partners bought a new position in Robinhood Markets in the fourth quarter valued at approximately $37,000. Bogart Wealth LLC bought a new position in Robinhood Markets during the fourth quarter worth about $37,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in Robinhood Markets during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Price Performance

NASDAQ HOOD traded up $1.30 during mid-day trading on Wednesday, hitting $49.99. The company's stock had a trading volume of 38,633,149 shares, compared to its average volume of 26,009,741. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $66.91. The stock's fifty day simple moving average is $43.07 and its two-hundred day simple moving average is $42.02. The firm has a market capitalization of $44.26 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its 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 firm had revenue of $927.00 million during 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%. Robinhood Markets's revenue for the quarter was up 50.0% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. On average, equities analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction dated 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 document filed with the SEC, which is available at this hyperlink. Also, Director Baiju Bhatt sold 522,180 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $62.70, for a total transaction of $32,740,686.00. Following the completion of the sale, the director now directly owns 5,042 shares of the company's stock, valued at approximately $316,133.40. This represents a 99.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,334,593 shares of company stock worth $114,717,271. 19.95% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HOOD. Needham & Company LLC decreased their target price 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. Piper Sandler upped their price objective on Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $60.00 price objective on shares of Robinhood Markets in a research report on Thursday, March 27th. Finally, Wolfe Research cut Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $53.24.

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.