Caxton Associates LP Takes Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Caxton Associates LP acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,037 shares of the company's stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HOOD. Franklin Resources Inc. purchased a new stake in shares of Robinhood Markets during the third quarter valued at about $6,321,000. GAMMA Investing LLC lifted its position in Robinhood Markets by 49.3% during the fourth quarter. GAMMA Investing LLC now owns 5,858 shares of the company's stock valued at $218,000 after acquiring an additional 1,935 shares during the last quarter. Wedmont Private Capital acquired a new stake in Robinhood Markets in the fourth quarter valued at approximately $386,000. Friedenthal Financial purchased a new position in Robinhood Markets in the fourth quarter worth $764,000. Finally, Pallas Capital Advisors LLC increased its position in shares of Robinhood Markets by 51.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 31,657 shares of the company's stock worth $1,180,000 after purchasing an additional 10,727 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

Insider Activity

In related news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $47.69, for a total value of $1,192,250.00. Following the completion of the sale, the insider now owns 797,825 shares of the company's stock, valued at approximately $38,048,274.25. The trade was a 3.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Baiju Bhatt sold 94,156 shares of the company's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $50.67, for a total transaction of $4,770,884.52. Following the transaction, the director now owns 7,863 shares of the company's stock, valued at $398,418.21. This represents a 92.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,334,593 shares of company stock worth $114,717,271 in the last ninety days. Company insiders own 19.95% of the company's stock.

Robinhood Markets Trading Up 2.7 %

Shares of NASDAQ:HOOD opened at $49.99 on Thursday. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91. The business has a 50 day moving average of $43.07 and a two-hundred day moving average of $42.02. The company has a market capitalization of $44.26 billion, a PE ratio of 31.84, a PEG 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm earned $0.18 earnings per share. The business's revenue for the quarter was up 50.0% on a year-over-year basis. Equities research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Morgan Stanley cut Robinhood Markets from an "overweight" rating to an "equal weight" rating and set a $40.00 price objective for the company. in a research report on Tuesday, April 8th. Raymond James assumed coverage on Robinhood Markets in a research note on Wednesday, February 5th. They set a "market perform" rating on the stock. JPMorgan Chase & Co. increased their price objective on shares of Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Piper Sandler boosted their target price on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Citigroup decreased their price target on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.

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