Arrowpoint Investment Partners Singapore Pte. Ltd. Makes New Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 46,982 shares of the company's stock, valued at approximately $1,751,000. Robinhood Markets comprises approximately 0.4% of Arrowpoint Investment Partners Singapore Pte. Ltd.'s investment portfolio, making the stock its 23rd biggest position.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in Robinhood Markets by 184.8% during the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after purchasing an additional 26,107,934 shares during the last quarter. Norges Bank purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $329,598,000. GQG Partners LLC bought a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $302,325,000. Artisan Partners Limited Partnership purchased a new stake in Robinhood Markets in the fourth quarter worth $152,949,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Robinhood Markets by 335.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company's stock valued at $193,202,000 after acquiring an additional 3,994,745 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $64.91 on Wednesday. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91. The business has a fifty day moving average price of $46.35 and a 200-day moving average price of $44.22. The company has a market capitalization of $57.48 billion, a PE ratio of 41.34, a PEG ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The business's revenue for the quarter was up 50.0% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 223,528 shares of Robinhood Markets stock in a transaction on Friday, March 21st. The stock was sold at an average price of $43.21, for a total value of $9,658,644.88. Following the completion of the sale, the director now owns 5,042 shares of the company's stock, valued at approximately $217,864.82. This trade represents a 97.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $34.51, for a total value of $201,987.03. Following the completion of the transaction, the chief technology officer now owns 5,853 shares of the company's stock, valued at $201,987.03. This represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,897,622 shares of company stock worth $86,956,156. Corporate insiders own 14.47% of the company's stock.

Wall Street Analyst Weigh In

HOOD has been the subject of several research reports. Needham & Company LLC upped their price objective on shares of Robinhood Markets from $58.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. boosted their price target 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. Compass Point assumed coverage on shares of Robinhood Markets in a report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price objective for the company. Barclays cut their price objective on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Finally, KeyCorp decreased their target price on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $55.41.

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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