Robinhood Markets, Inc. (NASDAQ:HOOD) Holdings Raised by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,699,600 shares of the company's stock after purchasing an additional 52,700 shares during the period. Robinhood Markets comprises 0.9% of Two Sigma Advisers LP's portfolio, making the stock its 25th largest position. Two Sigma Advisers LP owned 1.21% of Robinhood Markets worth $398,667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new position in Robinhood Markets in the 4th quarter worth $26,000. CoreCap Advisors LLC lifted its stake in shares of Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after acquiring an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares during the last quarter. Colonial Trust Co SC acquired a new stake in Robinhood Markets during the 4th quarter valued at approximately $34,000. Finally, Silicon Valley Capital Partners acquired a new position in shares of Robinhood Markets in the 4th quarter valued at approximately $37,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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, Director Baiju Bhatt sold 107,608 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $60.41, for a total transaction of $6,500,599.28. Following the completion of the sale, the director now directly owns 7,863 shares of the company's stock, valued at $475,003.83. The trade was a 93.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,897,622 shares of company stock worth $86,956,156. 14.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of research analyst reports. Raymond James assumed coverage on shares of Robinhood Markets in a research note on Wednesday, February 5th. They issued a "market perform" rating for the company. Citigroup decreased their price objective on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. The Goldman Sachs Group upped their target price on shares of Robinhood Markets from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. lifted their price target on Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Robinhood Markets from $54.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.41.

Robinhood Markets Stock Performance

Shares of HOOD traded up $0.64 during midday trading on Tuesday, hitting $64.91. 31,181,081 shares of the stock traded hands, compared to its average volume of 26,344,145. The firm has a market capitalization of $57.48 billion, a PE ratio of 41.34, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The business's 50 day moving average price is $46.35 and its two-hundred day moving average price is $44.22. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results 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). Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The business had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. During the same period in the previous year, the firm earned $0.18 EPS. The firm's revenue was up 50.0% on a year-over-year basis. As a group, equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

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.