Gordian Capital Singapore Pte Ltd Acquires New Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Gordian Capital Singapore Pte Ltd bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,880 shares of the company's stock, valued at approximately $182,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management purchased a new stake in Robinhood Markets during the 4th quarter worth about $375,000. Merit Financial Group LLC acquired a new stake in Robinhood Markets in the fourth quarter valued at approximately $668,000. Harbor Investment Advisory LLC purchased a new position in Robinhood Markets in the fourth quarter worth approximately $283,000. Perpetual Ltd acquired a new position in Robinhood Markets during the 4th quarter worth approximately $1,139,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at $242,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Down 1.6%

Shares of NASDAQ:HOOD opened at $63.86 on Thursday. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91. The firm's 50-day simple moving average is $46.85 and its 200-day simple moving average is $44.35. The company has a market cap of $56.55 billion, a price-to-earnings ratio of 40.68, 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 analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Robinhood Markets's revenue for the quarter was up 50.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. On average, research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In other news, Director Baiju Bhatt sold 107,608 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $60.41, for a total transaction of $6,500,599.28. Following the sale, the director now owns 7,863 shares of the company's stock, valued at $475,003.83. The trade was a 93.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven M. Quirk sold 123,272 shares of Robinhood Markets stock in a transaction on Friday, February 21st. The stock was sold at an average price of $55.80, for a total value of $6,878,577.60. Following the transaction, the insider now directly owns 298,826 shares of the company's stock, valued at approximately $16,674,490.80. This represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,897,622 shares of company stock valued at $86,956,156. 14.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HOOD. Needham & Company LLC increased their price objective on Robinhood Markets from $58.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Compass Point began coverage on Robinhood Markets in a report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price target for the company. Morgan Stanley increased their price target on shares of Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Raymond James initiated coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They set a "market perform" rating for the company. Finally, Wolfe Research cut shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.41.

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.

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