DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Invests $5.46 Million in Robinhood Markets, Inc. (NASDAQ:HOOD)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 146,493 shares of the company's stock, valued at approximately $5,458,000.

Several other hedge funds have also modified their holdings of the stock. IFP Advisors Inc boosted its position in shares of Robinhood Markets by 601.1% during the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock worth $164,000 after acquiring an additional 3,769 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Robinhood Markets by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock valued at $175,857,000 after acquiring an additional 138,267 shares during the last quarter. Atomi Financial Group Inc. grew its position in Robinhood Markets by 20.7% in the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company's stock valued at $20,154,000 after buying an additional 92,613 shares during the last quarter. Requisite Capital Management LLC purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at about $266,000. Finally, Aigen Investment Management LP increased its position in Robinhood Markets by 161.2% during the 4th quarter. Aigen Investment Management LP now owns 85,868 shares of the company's stock worth $3,199,000 after purchasing an additional 52,988 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Stock Up 1.1 %

Shares of HOOD traded up $0.58 during midday trading on Friday, hitting $54.65. The company had a trading volume of 44,231,692 shares, compared to its average volume of 26,094,314. The stock has a market cap of $48.39 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 1.05 and a beta of 2.15. The company's 50 day moving average price is $43.38 and its 200 day moving average price is $42.61. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $917.12 million. During the same quarter in the previous year, the company earned $0.18 EPS. The company's quarterly revenue was up 50.0% compared to the same quarter last year. Equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Baiju Bhatt sold 522,180 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $62.70, for a total transaction of $32,740,686.00. Following the completion of the transaction, the director now owns 5,042 shares in the company, valued at $316,133.40. The trade was a 99.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 50,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $60.77, for a total value of $3,038,500.00. Following the transaction, the insider now owns 706,642 shares of the company's stock, valued at approximately $42,942,634.34. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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.

Analyst Ratings Changes

Several research firms recently weighed in on HOOD. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $60.00 price objective on shares of Robinhood Markets in a research note on Thursday, March 27th. Raymond James assumed coverage on Robinhood Markets in a report on Wednesday, February 5th. They set a "market perform" rating for the company. Citigroup cut their price target on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Finally, Needham & Company LLC reduced their target price on shares of Robinhood Markets from $62.00 to $58.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Six equities research 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 presently has an average rating of "Moderate Buy" and an average price target of $53.24.

Robinhood Markets 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.