13,220 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Purchased by Windmill Hill Asset Management Ltd

Windmill Hill Asset Management Ltd purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,220 shares of the company's stock, valued at approximately $493,000. Robinhood Markets makes up about 0.2% of Windmill Hill Asset Management Ltd's holdings, making the stock its 24th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new stake in Robinhood Markets in the fourth quarter valued at approximately $26,000. CoreCap Advisors LLC raised its stake in 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 in the last quarter. Creative Financial Designs Inc. ADV raised its stake 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 in the last quarter. Colonial Trust Co SC purchased a new stake in Robinhood Markets in the fourth quarter valued at approximately $34,000. Finally, Silicon Valley Capital Partners purchased a new stake in Robinhood Markets in the fourth quarter valued at approximately $37,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Price Performance

NASDAQ:HOOD traded up $2.85 during trading hours on Tuesday, hitting $66.02. The company had a trading volume of 29,665,341 shares, compared to its average volume of 26,524,839. The company has a market capitalization of $58.46 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The stock has a 50-day moving average price of $48.17 and a 200 day moving average price of $45.34. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $67.10.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly 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). The company had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The business's revenue was up 50.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. Analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Robinhood Markets from $54.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Wolfe Research cut shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Piper Sandler increased their price target on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Cantor Fitzgerald lowered their target price on Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $60.00 target price on shares of Robinhood Markets in a research note on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Robinhood Markets presently has an average rating of "Moderate Buy" and a consensus price target of $55.41.

Insider Activity at Robinhood Markets

In other news, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total transaction of $31,470,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business's stock in a transaction on 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 in the company, valued at approximately $821,936.79. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,192,688 shares of company stock worth $107,043,646 over the last quarter. Corporate insiders own 14.47% of the company's stock.

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.