6,446 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by Kilter Group LLC

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FMR LLC boosted its stake in Robinhood Markets by 184.8% during the 4th 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. Norges Bank acquired a new position in Robinhood Markets during the fourth quarter worth about $329,598,000. GQG Partners LLC purchased a new stake in Robinhood Markets during the 4th quarter valued at about $302,325,000. Artisan Partners Limited Partnership purchased a new stake in Robinhood Markets during the 4th quarter valued at about $152,949,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Robinhood Markets by 335.6% in 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 acquiring an additional 3,994,745 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Trading Down 1.3%

Robinhood Markets stock traded down $0.88 during trading on Wednesday, hitting $65.14. The company had a trading volume of 17,745,478 shares, compared to its average volume of 26,524,226. The stock has a market cap of $57.68 billion, a price-to-earnings ratio of 41.49, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $67.13. The company's 50 day simple moving average is $48.62 and its 200-day simple moving average is $45.48.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data 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). 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%. The company's quarterly revenue was up 50.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 earnings per share. As a group, analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Activity at Robinhood Markets

In other news, Director Baiju Bhatt sold 418,338 shares of the company's stock in a transaction on 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 sale, the director now owns 7,863 shares of the company's stock, valued at approximately $506,848.98. This represents a 98.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $34.51, for a total value of $201,987.03. Following the completion of the sale, the chief technology officer now owns 5,853 shares in the company, valued at approximately $201,987.03. The trade was 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 worth $107,043,646 in the last three months. 14.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HOOD shares. JMP Securities restated a "market outperform" rating and issued a $70.00 price target on shares of Robinhood Markets in a research report on Thursday, May 1st. Morgan Stanley upped their target price on Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft lifted their price target on Robinhood Markets from $54.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Mizuho boosted their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, Needham & Company LLC restated a "buy" rating and set a $71.00 price objective on shares of Robinhood Markets in a research report on Tuesday. 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, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average price target 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.