Syquant Capital Sas Takes $445,000 Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Syquant Capital Sas acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,700 shares of the company's stock, valued at approximately $445,000. Robinhood Markets accounts for about 0.3% of Syquant Capital Sas' investment portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HOOD. MetLife Investment Management LLC raised its position in Robinhood Markets by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock worth $440,000 after acquiring an additional 171 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in Robinhood Markets by 2.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company's stock worth $368,000 after purchasing an additional 233 shares during the period. Farther Finance Advisors LLC raised its holdings in Robinhood Markets by 4.0% in the 1st quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company's stock worth $290,000 after purchasing an additional 265 shares during the period. First Horizon Advisors Inc. lifted its position in Robinhood Markets by 7.8% during the fourth quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company's stock valued at $142,000 after purchasing an additional 277 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Robinhood Markets by 28.6% during the first quarter. Blue Trust Inc. now owns 1,998 shares of the company's stock valued at $83,000 after purchasing an additional 444 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Performance

Shares of HOOD traded up $0.74 during midday trading on Wednesday, hitting $82.75. 38,863,366 shares of the company traded hands, compared to its average volume of 27,834,559. The firm has a 50 day moving average of $61.30 and a 200-day moving average of $50.63. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $85.72. The stock has a market cap of $73.27 billion, a price-to-earnings ratio of 47.02, a PEG ratio of 4.50 and a beta of 2.25.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its 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). Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The firm had revenue of $927.00 million during the quarter, compared to analysts' expectations of $917.12 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Robinhood Markets's quarterly revenue was up 50.0% on a year-over-year basis. Sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total value of $31,470,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $77.82, for a total transaction of $456,336.48. Following the sale, the chief technology officer now directly owns 14,772 shares in the company, valued at approximately $1,149,557.04. The trade was a 28.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,380,434 shares of company stock valued at $131,340,572 in the last quarter. 19.95% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup decreased their price objective on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $60.00 target price on shares of Robinhood Markets in a report on Thursday, March 27th. KeyCorp lowered their price target on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Barclays dropped their price target on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Finally, Redburn Atlantic restated a "sell" rating and set a $48.00 price objective (up from $40.00) on shares of Robinhood Markets in a research report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $58.00.

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.