Eisler Capital Management Ltd. Buys New Position in Robinhood Markets, Inc. $HOOD

Key Points

• Eisler Capital Management Ltd. acquired a new stake in Robinhood Markets, purchasing 35,088 shares valued at approximately $1.46 million during the first quarter.
• Robinhood's recent earnings report showed an earnings per share (EPS) of $0.42, surpassing analysts' expectations and reflecting a 45% increase in revenue compared to last year.
• The stock is experiencing significant institutional interest, with 93.27% of shares owned by hedge funds and institutional investors, and several brokerages have raised their price targets, indicating a positive outlook.

Eisler Capital Management Ltd. bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 35,088 shares of the company's stock, valued at approximately $1,460,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HOOD. Whipplewood Advisors LLC increased its position in shares of Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after acquiring an additional 508 shares during the last quarter. Hemington Wealth Management increased its position in shares of Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company's stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Robinhood Markets during the first quarter valued at approximately $30,000. CoreCap Advisors LLC increased its position in shares of Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after acquiring an additional 550 shares during the last quarter. Finally, Pandora Wealth Inc. purchased a new stake in shares of Robinhood Markets during the first quarter valued at approximately $33,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Trading Down 5.4%

Robinhood Markets stock opened at $102.92 on Thursday. Robinhood Markets, Inc. has a 12 month low of $18.71 and a 12 month high of $117.70. The business's 50 day simple moving average is $100.68 and its 200 day simple moving average is $69.18. The company has a market cap of $91.46 billion, a price-to-earnings ratio of 52.24, a PEG ratio of 3.99 and a beta of 2.36.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The business had revenue of $989.00 million for the quarter, compared to analysts' expectations of $893.93 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The business's revenue for the quarter was up 45.0% compared to the same quarter last year. As a group, equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on HOOD. KeyCorp increased their price target on Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Barclays increased their price target on Robinhood Markets from $102.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. The Goldman Sachs Group increased their price target on Robinhood Markets from $91.00 to $104.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Citigroup upped their price objective on Robinhood Markets from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.31.

Insider Activity at Robinhood Markets

In related news, insider Steven M. Quirk sold 40,131 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $104.71, for a total transaction of $4,202,117.01. Following the sale, the insider owned 120,408 shares of the company's stock, valued at approximately $12,607,921.68. This represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $104.73, for a total value of $614,136.72. Following the transaction, the chief technology officer directly owned 3,044 shares of the company's stock, valued at $318,798.12. The trade was a 65.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,644,685 shares of company stock worth $448,881,884 in the last 90 days. 14.47% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.