WINTON GROUP Ltd Has $7.48 Million Position in Robinhood Markets, Inc. $HOOD

Key Points

• WINTON GROUP raised its stake in Robinhood by 47.5% in Q3 to 52,239 shares, a position worth about $7.48 million.
• Insider selling has been significant: CEO Vladimir Tenev sold 375,000 shares for roughly $45.6 million, and insiders sold 475,132 shares (~$55.1M) in the last 90 days, though insiders still own 14.47% of the stock.
• Robinhood beat EPS estimates ($0.66 vs. $0.63) but missed revenue expectations ($1.28B vs. $1.32B) while revenue rose 26.5% YoY; analysts hold a consensus "Moderate Buy" with an average target of $121.73 and the stock trades around $77.

WINTON GROUP Ltd raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 47.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,239 shares of the company's stock after acquiring an additional 16,820 shares during the quarter. WINTON GROUP Ltd's holdings in Robinhood Markets were worth $7,480,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HOOD. Valley National Advisers Inc. boosted its position in shares of Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company's stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company's stock valued at $27,000 after buying an additional 99 shares during the period. Smithfield Trust Co bought a new position in Robinhood Markets during the second quarter worth about $29,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Robinhood Markets during the third quarter worth about $29,000. Finally, Vision Financial Markets LLC grew its position in shares of Robinhood Markets by 100.0% during the 3rd quarter. Vision Financial Markets LLC now owns 200 shares of the company's stock worth $29,000 after buying an additional 100 shares during the period. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Down 4.3%

Robinhood Markets stock opened at $77.09 on Monday. The company has a 50 day moving average of $95.09 and a 200-day moving average of $114.92. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86. The stock has a market capitalization of $69.40 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 1.59 and a beta of 2.47.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The firm's quarterly revenue was up 26.5% on a year-over-year basis. During the same period last year, the business posted $1.01 earnings per share. Equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays cut their price target on shares of Robinhood Markets from $159.00 to $124.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 11th. Needham & Company LLC reduced their price target on shares of Robinhood Markets from $135.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings reissued a "hold (c+)" rating on shares of Robinhood Markets in a report on Monday, December 22nd. Cantor Fitzgerald lowered their price objective on shares of Robinhood Markets from $130.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, February 17th. Finally, Mizuho dropped their price objective on Robinhood Markets from $172.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 17th. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $121.73.

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 375,000 shares of the company's stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $121.63, for a total transaction of $45,611,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $107.48, for a total value of $630,262.72. Following the transaction, the chief technology officer owned 9,133 shares of the company's stock, valued at approximately $981,614.84. The trade was a 39.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 475,132 shares of company stock valued at $55,127,149. 14.47% of the stock is currently owned by company insiders.

Robinhood Markets Profile

Robinhood Markets, Inc NASDAQ: HOOD is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to "democratize finance for all." Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood's core products and services include a mobile app and web platform for trading U.S.

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