AlpInvest Partners B.V. Purchases 227,619 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

AlpInvest Partners B.V. lifted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 99.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 455,467 shares of the company's stock after purchasing an additional 227,619 shares during the period. Robinhood Markets makes up 1.3% of AlpInvest Partners B.V.'s holdings, making the stock its 16th biggest holding. AlpInvest Partners B.V. owned approximately 0.05% of Robinhood Markets worth $5,803,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Covestor Ltd acquired a new position in Robinhood Markets during the 1st quarter worth approximately $28,000. Peoples Bank KS acquired a new position in Robinhood Markets during the 3rd quarter worth approximately $29,000. UniSuper Management Pty Ltd purchased a new stake in shares of Robinhood Markets during the 3rd quarter worth approximately $30,000. Quantbot Technologies LP purchased a new stake in shares of Robinhood Markets during the 2nd quarter worth approximately $28,000. Finally, Partners Capital Investment Group LLP purchased a new stake in shares of Robinhood Markets during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Analyst Upgrades and Downgrades

HOOD has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Robinhood Markets from $12.00 to $16.00 and gave the stock a "hold" rating in a research report on Tuesday, March 19th. Citigroup downgraded shares of Robinhood Markets from a "neutral" rating to a "sell" rating and upped their price target for the company from $13.00 to $16.00 in a research report on Thursday. The Goldman Sachs Group upped their price target on shares of Robinhood Markets from $10.00 to $11.50 and gave the company a "neutral" rating in a research report on Thursday, January 11th. Piper Sandler upped their price target on shares of Robinhood Markets from $12.50 to $17.00 and gave the company a "neutral" rating in a research report on Friday. Finally, KeyCorp upped their price target on shares of Robinhood Markets from $15.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $18.15.

Robinhood Markets Trading Down 5.4 %

Shares of NASDAQ:HOOD traded down $1.03 on Friday, reaching $17.97. 9,613,234 shares of the company were exchanged, compared to its average volume of 13,540,090. Robinhood Markets, Inc. has a 1-year low of $7.91 and a 1-year high of $20.55. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of -29.95 and a beta of 1.69. The company has a 50-day moving average of $16.33 and a 200-day moving average of $12.44.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. The business had revenue of $471.00 million for the quarter, compared to analysts' expectations of $454.73 million. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The business's revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.19) EPS. As a group, analysts forecast that Robinhood Markets, Inc. will post 0.29 earnings per share for the current year.

Insider Activity at Robinhood Markets

In related news, CFO Jason Warnick sold 5,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $12.00, for a total value of $60,000.00. Following the sale, the chief financial officer now directly owns 916,267 shares of the company's stock, valued at approximately $10,995,204. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Vladimir Tenev sold 250,000 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $18.67, for a total transaction of $4,667,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason Warnick sold 5,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $12.00, for a total transaction of $60,000.00. Following the transaction, the chief financial officer now directly owns 916,267 shares in the company, valued at $10,995,204. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,212,150 shares of company stock valued at $33,495,819. Insiders own 20.81% of the company's stock.

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.