12,233 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Purchased by Hunting Hill Global Capital LLC

Hunting Hill Global Capital LLC bought 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 SEC. The firm bought 12,233 shares of the company's stock, valued at approximately $456,000.

Several other institutional investors and hedge funds have also made changes to their positions in HOOD. FMR LLC increased its stake in Robinhood Markets by 184.8% during the fourth quarter. FMR LLC now owns 40,237,478 shares of the company's stock worth $1,499,248,000 after acquiring an additional 26,107,934 shares during the last quarter. Norges Bank purchased a new position in shares of Robinhood Markets during the 4th quarter worth $329,598,000. GQG Partners LLC purchased a new position in shares of Robinhood Markets during the 4th quarter worth $302,325,000. Artisan Partners Limited Partnership acquired a new stake in shares of Robinhood Markets during the 4th quarter worth about $152,949,000. Finally, Renaissance Technologies LLC lifted its position in Robinhood Markets by 34.4% in the fourth quarter. Renaissance Technologies LLC now owns 12,078,116 shares of the company's stock valued at $450,031,000 after buying an additional 3,091,514 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Trading Up 2.9 %

NASDAQ:HOOD traded up $1.40 during midday trading on Friday, hitting $49.55. 29,383,809 shares of the company were exchanged, compared to its average volume of 24,780,488. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91. The company has a market capitalization of $43.88 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. The company has a fifty day simple moving average of $43.71 and a 200 day simple moving average of $40.62.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Activity

In related news, CEO Vladimir Tenev sold 750,000 shares of the 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 Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93. Following the transaction, the chief technology officer now directly owns 17,559 shares in the company, valued at $821,936.79. The trade was a 25.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,193,327 shares of company stock valued at $107,903,039. 19.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HOOD. Piper Sandler boosted their price target on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on Robinhood Markets from $39.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lowered their target price on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Cantor Fitzgerald initiated coverage on shares of Robinhood Markets in a research report on Thursday, March 6th. They set an "overweight" rating and a $69.00 price target on the stock. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $60.00 price objective on shares of Robinhood Markets in a report on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.88.

Robinhood Markets Company 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.