GF Fund Management CO. LTD. Purchases Shares of 79,000 Robinhood Markets, Inc. (NASDAQ:HOOD)

GF Fund Management CO. LTD. bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 79,000 shares of the company's stock, valued at approximately $2,944,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HOOD. New Wave Wealth Advisors LLC acquired a new position in shares of Robinhood Markets in the fourth quarter valued at about $26,000. CoreCap Advisors LLC increased its holdings in shares of Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after purchasing an additional 550 shares during the period. Creative Financial Designs Inc. ADV raised its position in shares of Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after buying an additional 750 shares in the last quarter. Colonial Trust Co SC acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $34,000. Finally, Silicon Valley Capital Partners bought a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $37,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD traded down $0.86 during trading on Wednesday, hitting $65.16. 9,394,950 shares of the company were exchanged, compared to its average volume of 26,458,749. The company has a market cap of $57.70 billion, a PE ratio of 41.49, a P/E/G ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $67.13. The stock has a 50 day moving average of $48.62 and a 200 day moving average of $45.48.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The company had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. During the same quarter in the prior year, the business earned $0.18 EPS. The firm's revenue for the quarter was up 50.0% compared to the same quarter last year. Sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HOOD shares. KeyCorp lowered their price objective on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley raised their price target on Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group increased their price objective on shares of Robinhood Markets from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Citigroup dropped their target price on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a research report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.41.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total value of $31,470,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $34.51, for a total value of $201,987.03. Following the transaction, the chief technology officer now directly owns 5,853 shares of the company's stock, valued at $201,987.03. The trade was a 50.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,192,688 shares of company stock valued at $107,043,646. Corporate insiders own 14.47% of the company's stock.

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.