76,793 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Acquired by Tybourne Capital Management HK Ltd.

Tybourne Capital Management HK Ltd. purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 76,793 shares of the company's stock, valued at approximately $2,861,000. Robinhood Markets comprises 0.7% of Tybourne Capital Management HK Ltd.'s portfolio, making the stock its 27th biggest position.

Other hedge funds have also bought and sold shares of the company. MetLife Investment Management LLC lifted its position in shares of Robinhood Markets by 1.5% during the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company's stock valued at $440,000 after buying an additional 171 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake 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 valued at $368,000 after acquiring an additional 233 shares during the period. First Horizon Advisors Inc. lifted its holdings 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 during the last quarter. Spire Wealth Management boosted its position in Robinhood Markets by 104.6% during the fourth quarter. Spire Wealth Management now owns 1,074 shares of the company's stock worth $40,000 after purchasing an additional 549 shares during the period. Finally, CoreCap Advisors LLC raised its position in shares of Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after purchasing an additional 550 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Price Performance

Robinhood Markets stock traded up $0.64 during mid-day trading on Tuesday, reaching $64.91. The stock had a trading volume of 31,181,081 shares, compared to its average volume of 26,344,145. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The company has a 50-day moving average price of $46.35 and a two-hundred day moving average price of $44.22. 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 posted its quarterly 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 for the quarter, compared to analysts' expectations of $917.12 million. During the same quarter in the previous year, the company earned $0.18 EPS. The company's quarterly revenue was up 50.0% compared to the same quarter last year. On average, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm'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 sale, the chief technology officer now owns 17,559 shares of the company's stock, valued at $821,936.79. This trade represents a 25.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Baiju Bhatt sold 107,608 shares of the business's stock in a transaction that occurred on 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 transaction, 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. Insiders sold 1,897,622 shares of company stock worth $86,956,156 over the last quarter. 14.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on HOOD shares. Cantor Fitzgerald cut their price target on Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Mizuho increased their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Raymond James started coverage on Robinhood Markets in a research note on Wednesday, February 5th. They issued a "market perform" rating on the stock. JPMorgan Chase & Co. raised their price objective on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, JMP Securities reissued a "market outperform" rating and set a $70.00 price target on shares of Robinhood Markets in a research note on Thursday, May 1st. Six research 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, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average 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.