Kilter Group LLC Makes New $240,000 Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Kilter Group LLC purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,446 shares of the company's stock, valued at approximately $240,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Robinhood Markets by 184.8% during the fourth quarter. FMR LLC now owns 40,237,478 shares of the company's stock worth $1,499,248,000 after purchasing an additional 26,107,934 shares during the last quarter. Newlands Management Operations LLC raised its stake in shares of Robinhood Markets by 1.1% during the 4th quarter. Newlands Management Operations LLC now owns 24,158,860 shares of the company's stock worth $900,159,000 after buying an additional 273,860 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Robinhood Markets by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 12,175,972 shares of the company's stock valued at $455,464,000 after purchasing an additional 555,299 shares in the last quarter. Renaissance Technologies LLC increased its position in Robinhood Markets by 34.4% during the fourth quarter. Renaissance Technologies LLC now owns 12,078,116 shares of the company's stock worth $450,031,000 after buying an additional 3,091,514 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in Robinhood Markets by 0.5% during the 4th quarter. Two Sigma Advisers LP now owns 10,699,600 shares of the company's stock worth $398,667,000 after purchasing an additional 52,700 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Stock Up 1.3%

Robinhood Markets stock traded up $0.83 during trading hours on Friday, reaching $64.78. 16,031,061 shares of the company's stock were exchanged, compared to its average volume of 26,477,484. The firm has a market capitalization of $57.36 billion, a PE ratio of 41.32, a PEG ratio of 1.05 and a beta of 2.15. The firm's 50 day simple moving average is $49.34 and its 200 day simple moving average is $45.83. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $67.13.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HOOD shares. JMP Securities reissued a "market outperform" rating and set a $70.00 target price on shares of Robinhood Markets in a research report on Thursday, May 1st. JPMorgan Chase & Co. increased 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. Wolfe Research lowered shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Needham & Company LLC reissued a "buy" rating and set a $71.00 price target on shares of Robinhood Markets in a report on Tuesday. Finally, Citigroup decreased their price objective on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Robinhood Markets has a consensus rating of "Moderate Buy" and a consensus target price of $55.41.

Insider Transactions at Robinhood Markets

In related news, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $49.02, for a total transaction of $1,225,500.00. Following the transaction, the insider now directly owns 822,893 shares in the company, valued at approximately $40,338,214.86. This represents a 2.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,127,737 shares of company stock valued at $103,819,478 in the last 90 days. 14.47% of the stock is currently owned by corporate 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.