Windmill Hill Asset Management Ltd Has $2.92 Million Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Key Points

• Windmill Hill Asset Management Ltd increased its stake in Robinhood Markets by 431.1% in the first quarter, acquiring an additional 56,996 shares, bringing its total holdings to 70,216 shares valued at approximately $2.9 million.
• Insider transactions have occurred, including CTO Jeffrey Tsvi Pinner selling 5,864 shares at an average price of $93.51, marking a 39.70% decrease in his position.
• Several brokerages have raised their price targets for Robinhood stock, with Mizuho increasing its target to $99.00 and others indicating a strong potential for growth, leading to an average rating of "Moderate Buy" with a target price of $85.29.

Windmill Hill Asset Management Ltd raised its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 431.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,216 shares of the company's stock after acquiring an additional 56,996 shares during the quarter. Robinhood Markets makes up about 0.9% of Windmill Hill Asset Management Ltd's investment portfolio, making the stock its 9th biggest position. Windmill Hill Asset Management Ltd's holdings in Robinhood Markets were worth $2,922,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HOOD. Whipplewood Advisors LLC boosted its position in shares of Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after buying an additional 508 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Robinhood Markets during the first quarter valued at approximately $30,000. CoreCap Advisors LLC raised its stake in shares of Robinhood Markets by 191.6% during the fourth 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. Colonial Trust Co SC bought a new stake in shares of Robinhood Markets during the fourth quarter valued at approximately $34,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Robinhood Markets by 139.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock valued at $36,000 after acquiring an additional 498 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Stock Up 2.6%

Shares of Robinhood Markets stock traded up $2.72 during trading hours on Wednesday, hitting $106.04. The company's stock had a trading volume of 16,004,010 shares, compared to its average volume of 41,404,820. The company has a market capitalization of $93.89 billion, a PE ratio of 60.24, a P/E/G ratio of 5.44 and a beta of 2.36. The business has a fifty day moving average of $84.57 and a 200 day moving average of $60.74. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $113.44.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data 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 48.77% and a return on equity of 15.42%. The company had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. During the same quarter last year, the company earned $0.18 earnings per share. The company's revenue was up 50.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 418,338 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $74.29, for a total transaction of $31,078,330.02. Following the transaction, the director owned 7,863 shares of the company's stock, valued at approximately $584,142.27. This trade represents a 98.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven M. Quirk sold 104,887 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $70.14, for a total transaction of $7,356,774.18. Following the transaction, the insider owned 228,621 shares of the company's stock, valued at approximately $16,035,476.94. This trade represents a 31.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,026,690 shares of company stock valued at $257,160,102. Company insiders own 19.95% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Cantor Fitzgerald lifted their price target on shares of Robinhood Markets from $89.00 to $100.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Piper Sandler boosted their price objective on shares of Robinhood Markets from $70.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Compass Point boosted their price objective on shares of Robinhood Markets from $64.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Needham & Company LLC reissued a "buy" rating and issued a $71.00 price objective on shares of Robinhood Markets in a research note on Tuesday, May 27th. Finally, Mizuho lifted their price target on shares of Robinhood Markets from $80.00 to $99.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of "Moderate Buy" and an average price target of $85.29.

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.