102,640 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Purchased by Kera Capital Partners Inc.

Kera Capital Partners Inc. acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 102,640 shares of the company's stock, valued at approximately $4,272,000. Robinhood Markets makes up about 1.3% of Kera Capital Partners Inc.'s portfolio, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HOOD. FMR LLC lifted its position in Robinhood Markets by 184.8% in the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after acquiring an additional 26,107,934 shares in the last quarter. Norges Bank bought a new position in shares of Robinhood Markets during the 4th quarter valued at $329,598,000. GQG Partners LLC bought a new position in shares of Robinhood Markets during the 4th quarter valued at $302,325,000. Artisan Partners Limited Partnership bought a new position in shares of Robinhood Markets during the 4th quarter valued at $152,949,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Robinhood Markets by 335.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company's stock valued at $193,202,000 after buying an additional 3,994,745 shares during the period. 93.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on HOOD. Wolfe Research cut Robinhood Markets from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Barclays lowered their price target on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. JMP Securities reissued a "market outperform" rating and set a $70.00 price target on shares of Robinhood Markets in a report on Thursday, May 1st. Citigroup decreased their target price on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. raised their target price on Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Six equities research 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.41.

Robinhood Markets Stock Down 1.8%

NASDAQ:HOOD traded down $1.19 on Thursday, reaching $63.95. 21,286,882 shares of the company's stock traded hands, compared to its average volume of 26,517,685. The stock has a 50-day simple moving average of $49.34 and a 200-day simple moving average of $45.83. The firm has a market cap of $56.63 billion, a PE ratio of 40.73, a P/E/G ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $67.38.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The business had revenue of $927.00 million for the quarter, compared to the consensus estimate 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 was up 50.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Activity

In other news, Director Baiju Bhatt sold 418,338 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $64.46, for a total transaction of $26,966,067.48. Following the completion of the transaction, the director now owns 7,863 shares in the company, valued at $506,848.98. This trade represents a 98.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the firm'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 disclosure for this sale can be found here. Insiders sold a total of 2,192,688 shares of company stock worth $107,043,646 over the last 90 days. 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.