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

Kilter Group LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,446 shares of the company's stock, valued at approximately $240,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HOOD. FMR LLC raised its stake in Robinhood Markets by 184.8% during the fourth quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after buying an additional 26,107,934 shares in the last quarter. Norges Bank acquired a new stake in Robinhood Markets during the fourth quarter valued at approximately $329,598,000. GQG Partners LLC acquired a new stake in Robinhood Markets during the fourth quarter valued at approximately $302,325,000. Artisan Partners Limited Partnership acquired a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $152,949,000. Finally, Price T Rowe Associates Inc. MD raised its position 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 worth $193,202,000 after purchasing an additional 3,994,745 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on HOOD shares. Piper Sandler upped their price objective on Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Wolfe Research lowered Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. 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 research report on Thursday, May 1st. Citigroup dropped their target price on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, The Goldman Sachs Group increased their target price on Robinhood Markets from $56.00 to $64.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $55.41.

Robinhood Markets Trading Down 1.8%

HOOD traded down $1.19 during trading hours on Thursday, hitting $63.95. The company's stock had a trading volume of 21,277,349 shares, compared to its average volume of 26,503,349. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $67.38. The firm has a market capitalization of $56.63 billion, a PE ratio of 40.73, a PEG ratio of 1.05 and a beta of 2.15. The company has a 50-day simple moving average of $49.03 and a 200 day simple moving average of $45.62.

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

Insider Activity at Robinhood Markets

In related news, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $34.51, for a total value of $201,987.03. Following the sale, the chief technology officer now directly owns 5,853 shares of the company's stock, valued at approximately $201,987.03. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,192,688 shares of company stock valued at $107,043,646 over the last 90 days. 14.47% of the stock is currently owned by corporate insiders.

Robinhood Markets Company 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.