Siemens Fonds Invest GmbH Invests $217,000 in Robinhood Markets, Inc. (NASDAQ:HOOD)

Siemens Fonds Invest GmbH purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,830 shares of the company's stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HOOD. FMR LLC grew its position in shares of Robinhood Markets by 184.8% in the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock worth $1,499,248,000 after buying an additional 26,107,934 shares during the period. Newlands Management Operations LLC grew its position in shares of Robinhood Markets by 1.1% in 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 period. Geode Capital Management LLC grew its position in shares of Robinhood Markets by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 12,175,972 shares of the company's stock worth $455,464,000 after buying an additional 555,299 shares during the period. Renaissance Technologies LLC grew its position in shares of Robinhood Markets by 34.4% in the 4th 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 during the period. Finally, Two Sigma Advisers LP grew its position in shares of Robinhood Markets by 0.5% in the 4th quarter. Two Sigma Advisers LP now owns 10,699,600 shares of the company's stock worth $398,667,000 after buying an additional 52,700 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $46.81, for a total transaction of $273,978.93. Following the transaction, the chief technology officer now owns 17,559 shares in the company, valued at approximately $821,936.79. This represents a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 418,338 shares of the stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,102,737 shares of company stock worth $102,593,978. Company insiders own 14.47% of the company's stock.

Robinhood Markets Stock Up 5.5%

HOOD traded up $3.74 during midday trading on Tuesday, hitting $71.72. 43,165,705 shares of the company traded hands, compared to its average volume of 26,580,661. The firm has a market capitalization of $63.51 billion, a PE ratio of 45.68, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The company's 50-day moving average is $50.70 and its 200 day moving average is $46.67. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $72.72.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its 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). The company 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 EPS. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HOOD. Piper Sandler upped their target price on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Wolfe Research downgraded shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. KeyCorp reduced their target price on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Compass Point began coverage on shares of Robinhood Markets in a research report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price 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. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.41.

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.