Childress Capital Advisors LLC Acquires Shares of 5,503 Robinhood Markets, Inc. (NASDAQ:HOOD)

Childress Capital Advisors LLC acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,503 shares of the company's stock, valued at approximately $229,000.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Robinhood Markets by 184.8% during the fourth quarter. FMR LLC now owns 40,237,478 shares of the company's stock worth $1,499,248,000 after buying an additional 26,107,934 shares during the last quarter. Newlands Management Operations LLC grew its stake in shares of Robinhood Markets by 1.1% during the fourth quarter. Newlands Management Operations LLC now owns 24,158,860 shares of the company's stock worth $900,159,000 after purchasing an additional 273,860 shares during the period. Geode Capital Management LLC increased its holdings in Robinhood Markets by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 12,175,972 shares of the company's stock valued at $455,464,000 after purchasing an additional 555,299 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Robinhood Markets by 34.4% during the fourth quarter. Renaissance Technologies LLC now owns 12,078,116 shares of the company's stock worth $450,031,000 after buying an additional 3,091,514 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Robinhood Markets by 0.5% during the 4th quarter. Two Sigma Advisers LP now owns 10,699,600 shares of the company's stock worth $398,667,000 after buying an additional 52,700 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD traded up $5.66 during trading hours on Tuesday, reaching $82.01. 41,861,331 shares of the stock were exchanged, compared to its average volume of 27,790,122. The firm has a market capitalization of $72.62 billion, a price-to-earnings ratio of 46.60, a P/E/G ratio of 4.50 and a beta of 2.25. The stock's fifty day simple moving average is $61.30 and its 200 day simple moving average is $50.63. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $82.74.

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 analysts' consensus estimates 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 net margin of 48.77% and a return on equity of 15.42%. The business's revenue was up 50.0% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. Research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $38.31, for a total value of $957,750.00. Following the transaction, the insider now directly owns 822,825 shares of the company's stock, valued at approximately $31,522,425.75. The trade was a 2.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $34.51, for a total transaction of $201,987.03. Following the transaction, the chief technology officer now directly owns 5,853 shares in the company, valued at approximately $201,987.03. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,380,434 shares of company stock worth $131,340,572 in the last 90 days. Insiders own 19.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HOOD shares. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $60.00 target price on shares of Robinhood Markets in a research note on Thursday, March 27th. Citigroup dropped their price objective on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Needham & Company LLC reissued a "buy" rating and issued a $71.00 target price on shares of Robinhood Markets in a research note on Tuesday, May 27th. KeyCorp lowered their price target on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Mizuho boosted their price objective on shares of Robinhood Markets from $65.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

About Robinhood Markets

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.