Gordian Capital Singapore Pte Ltd Makes New $182,000 Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Gordian Capital 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 disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,880 shares of the company's stock, valued at approximately $182,000.

Other hedge funds also recently made changes to their positions in the company. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of Robinhood Markets in the fourth quarter valued at $1,751,000. Castleark Management LLC acquired a new position in Robinhood Markets in the 4th quarter worth $839,000. Focus Partners Advisor Solutions LLC purchased a new position in Robinhood Markets in the 4th quarter valued at about $287,000. Connective Capital Management LLC purchased a new position in Robinhood Markets in the 4th quarter valued at about $545,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Robinhood Markets by 25.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,727,467 shares of the company's stock valued at $101,625,000 after acquiring an additional 548,798 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insiders Place Their Bets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Meyer Malka sold 64,951 shares of Robinhood Markets stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $49.64, for a total value of $3,224,167.64. Following the sale, the director now directly owns 3,235,585 shares in the company, valued at approximately $160,614,439.40. This trade represents a 1.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,192,688 shares of company stock valued at $107,043,646 over the last three months. Company insiders own 14.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Compass Point started coverage on Robinhood Markets in a research note on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price target on the stock. Morgan Stanley lifted their price objective on Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Piper Sandler increased their target price on Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Robinhood Markets from $54.00 to $64.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $60.00 price target on shares of Robinhood Markets in a report on Thursday, March 27th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $55.41.

Robinhood Markets Trading Down 2.5%

HOOD traded down $1.60 on Monday, hitting $63.17. 28,522,162 shares of the company's stock were exchanged, compared to its average volume of 26,511,946. The stock has a fifty day moving average of $47.76 and a two-hundred day moving average of $45.11. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The firm has a market cap of $55.93 billion, a PE ratio of 40.24, a P/E/G ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $917.12 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The firm's revenue for the quarter was up 50.0% compared to the same quarter last year. On average, analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

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.