Raiffeisen Bank International AG Buys Shares of 150,000 Robinhood Markets, Inc. (NASDAQ:HOOD)

Raiffeisen Bank International AG acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 150,000 shares of the company's stock, valued at approximately $5,742,000.

Other large investors have also recently modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of Robinhood Markets by 601.1% during the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock valued at $164,000 after purchasing an additional 3,769 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Robinhood Markets by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock valued at $175,857,000 after purchasing an additional 138,267 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Robinhood Markets by 20.7% during the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company's stock valued at $20,154,000 after purchasing an additional 92,613 shares in the last quarter. Requisite Capital Management LLC bought a new stake in Robinhood Markets during the fourth quarter worth about $266,000. Finally, Aigen Investment Management LP boosted its stake in Robinhood Markets by 161.2% during the fourth quarter. Aigen Investment Management LP now owns 85,868 shares of the company's stock worth $3,199,000 after acquiring an additional 52,988 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

Insider Activity

In other Robinhood Markets news, insider Steven M. Quirk sold 123,272 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $55.80, for a total transaction of $6,878,577.60. Following the completion of the sale, the insider now directly owns 298,826 shares of the company's stock, valued at approximately $16,674,490.80. This represents a 29.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company's stock in a transaction that occurred 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 directly owns 17,559 shares of the company's stock, valued at approximately $821,936.79. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,947,622 shares of company stock valued at $89,994,656 over the last three months. Insiders own 14.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JMP Securities reissued a "market outperform" rating and set a $70.00 price objective on shares of Robinhood Markets in a research note on Thursday, May 1st. Cantor Fitzgerald dropped their price objective on shares of Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Raymond James assumed coverage on shares of Robinhood Markets in a research note on Wednesday, February 5th. They set a "market perform" rating on the stock. Morgan Stanley boosted their price objective on shares of Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Finally, Piper Sandler boosted their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.41.

Robinhood Markets Stock Up 1.8%

Shares of NASDAQ HOOD traded up $1.08 during midday trading on Friday, hitting $61.76. The stock had a trading volume of 23,851,695 shares, compared to its average volume of 26,289,986. The business's 50 day moving average is $45.27 and its 200-day moving average is $43.65. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91. The company has a market cap of $54.69 billion, a P/E ratio of 39.34, a PEG ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data 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). Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The company had revenue of $927.00 million for the quarter, compared to analysts' expectations of $917.12 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The firm's revenue for the quarter was up 50.0% on a year-over-year basis. As a group, analysts expect that Robinhood Markets, Inc. will post 1.35 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.