Lecap Asset Management Ltd. Acquires New Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Lecap Asset Management Ltd. bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 134,748 shares of the company's stock, valued at approximately $1,717,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Connections Group Inc. acquired a new stake in shares of Robinhood Markets in the 4th quarter worth approximately $89,000. International Assets Investment Management LLC lifted its stake in shares of Robinhood Markets by 1,174.1% in the 4th quarter. International Assets Investment Management LLC now owns 7,326 shares of the company's stock worth $93,000 after acquiring an additional 6,751 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Robinhood Markets by 33.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 177,159 shares of the company's stock worth $2,257,000 after acquiring an additional 44,755 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Robinhood Markets by 4.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 23,642 shares of the company's stock worth $310,000 after acquiring an additional 1,060 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of Robinhood Markets by 1.9% in the 4th quarter. Arizona State Retirement System now owns 118,538 shares of the company's stock worth $1,510,000 after acquiring an additional 2,172 shares during the period. Institutional investors own 93.27% of the company's stock.

Analysts Set New Price Targets

HOOD has been the subject of a number of research analyst reports. TheStreet raised shares of Robinhood Markets from a "d+" rating to a "c-" rating in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods started coverage on shares of Robinhood Markets in a research note on Wednesday, April 3rd. They issued a "market perform" rating and a $20.00 price target for the company. Citigroup lowered shares of Robinhood Markets from a "neutral" rating to a "sell" rating and increased their target price for the company from $13.00 to $16.00 in a research note on Thursday. Barclays increased their target price on shares of Robinhood Markets from $11.00 to $16.00 and gave the company an "underweight" rating in a research note on Monday, April 8th. Finally, JMP Securities increased their target price on shares of Robinhood Markets from $25.00 to $28.00 and gave the company a "market outperform" rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Robinhood Markets presently has a consensus rating of "Hold" and a consensus price target of $18.15.

Insider Transactions at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $10.61, for a total transaction of $132,625.00. Following the transaction, the insider now owns 738,291 shares in the company, valued at approximately $7,833,267.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $10.61, for a total value of $2,652,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $10.61, for a total transaction of $132,625.00. Following the completion of the sale, the insider now directly owns 738,291 shares of the company's stock, valued at $7,833,267.51. The disclosure for this sale can be found here. Insiders have sold a total of 2,212,150 shares of company stock worth $33,495,819 in the last 90 days. 20.81% of the stock is owned by insiders.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded down $1.03 during mid-day trading on Friday, hitting $17.97. The stock had a trading volume of 9,613,234 shares, compared to its average volume of 13,540,090. The company has a market cap of $15.72 billion, a PE ratio of -29.95 and a beta of 1.69. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $20.55. The company's 50 day moving average is $16.33 and its 200-day moving average is $12.42.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business had revenue of $471.00 million during the quarter, compared to the consensus estimate of $454.73 million. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The firm's quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.19) EPS. On average, equities research analysts predict that Robinhood Markets, Inc. will post 0.28 EPS for the current fiscal year.

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.