ExodusPoint Capital Management LP Has $13.20 Million Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

ExodusPoint Capital Management LP increased its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 199.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 354,238 shares of the company's stock after purchasing an additional 236,079 shares during the quarter. ExodusPoint Capital Management LP's holdings in Robinhood Markets were worth $13,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Arete Wealth Advisors LLC purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at about $272,000. World Investment Advisors acquired a new position in shares of Robinhood Markets in the fourth quarter worth $253,000. Westpac Banking Corp acquired a new stake in shares of Robinhood Markets during the 4th quarter worth about $1,139,000. Cynosure Group LLC purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $832,000. Finally, Huntington National Bank grew its stake in Robinhood Markets by 360.2% in the 4th quarter. Huntington National Bank now owns 1,652 shares of the company's stock worth $62,000 after acquiring an additional 1,293 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Robinhood Markets

In other news, Director Baiju Bhatt sold 90,866 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $45.27, for a total transaction of $4,113,503.82. Following the completion of the sale, the director now directly owns 5,042 shares of the company's stock, valued at $228,251.34. This trade represents a 94.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,621,134 shares of company stock valued at $131,646,496. 19.95% of the stock is owned by corporate insiders.

Robinhood Markets Stock Down 0.8 %

NASDAQ HOOD traded down $0.28 on Monday, hitting $34.23. The stock had a trading volume of 49,099,276 shares, compared to its average volume of 22,744,511. The company's 50-day moving average is $48.15 and its two-hundred day moving average is $38.93. The stock has a market cap of $30.31 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HOOD shares. Needham & Company LLC decreased their target price on shares of Robinhood Markets from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Morgan Stanley increased their price objective on shares of Robinhood Markets from $64.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. KeyCorp increased their price target on Robinhood Markets from $57.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Piper Sandler upped their target price on Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.41.

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.