Two Sigma Investments LP Cuts Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Two Sigma Investments LP reduced its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,088,153 shares of the company's stock after selling 3,290,494 shares during the quarter. Two Sigma Investments LP owned about 0.69% of Robinhood Markets worth $226,845,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Robinhood Markets

In related news, Director Baiju Bhatt sold 107,608 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $60.41, for a total value of $6,500,599.28. Following the transaction, the director now owns 7,863 shares of the company's stock, valued at approximately $475,003.83. This trade represents a 93.19% decrease in their position. The sale 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 business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total value of $273,978.93. Following the sale, the chief technology officer now directly owns 17,559 shares of the company's stock, valued at $821,936.79. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,897,622 shares of company stock valued at $86,956,156. Company insiders own 14.47% of the company's stock.

Robinhood Markets Stock Up 1.0%

HOOD traded up $0.64 during midday trading on Tuesday, hitting $64.91. The company had a trading volume of 31,181,081 shares, compared to its average volume of 26,344,145. The stock's 50 day moving average price is $46.35 and its 200 day moving average price is $44.22. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91. The company has a market capitalization of $57.48 billion, a price-to-earnings ratio of 41.34, a PEG ratio of 1.05 and a beta of 2.15.

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

Analyst Upgrades and Downgrades

HOOD has been the topic of several research reports. Mizuho boosted their price target on Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. 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. Barclays lowered their target price on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Citigroup decreased their price target on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, Raymond James assumed coverage on Robinhood Markets in a research report on Wednesday, February 5th. They set a "market perform" rating for the company. 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.41.

Robinhood Markets 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.