Regal Partners Ltd Buys New Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Regal Partners Ltd acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 25,000 shares of the company's stock, valued at approximately $932,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its holdings 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 acquiring an additional 3,769 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Robinhood Markets during the fourth quarter worth approximately $634,000. Charles Schwab Investment Management Inc. lifted its stake in Robinhood Markets by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock valued at $175,857,000 after buying an additional 138,267 shares during the period. Atomi Financial Group Inc. boosted its position 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 worth $20,154,000 after purchasing an additional 92,613 shares in the last quarter. Finally, Requisite Capital Management LLC bought a new position in shares of Robinhood Markets during the fourth quarter valued at about $266,000. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Up 4.2 %

HOOD stock traded up $1.97 during midday trading on Friday, hitting $48.59. The company's stock had a trading volume of 59,084,034 shares, compared to its average volume of 25,744,384. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91. The company has a 50 day moving average of $43.03 and a two-hundred day moving average of $41.41. The firm has a market capitalization of $43.02 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The firm had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. During the same period last year, the firm posted $0.18 earnings per share. The company's revenue for the quarter was up 50.0% compared to the same quarter last year. On average, analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 owns 17,559 shares in the company, valued at approximately $821,936.79. This trade represents a 25.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Baiju Bhatt sold 522,180 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $62.70, for a total transaction of $32,740,686.00. Following the completion of the sale, the director now directly owns 5,042 shares of the company's stock, valued at approximately $316,133.40. This trade represents a 99.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,334,593 shares of company stock valued at $114,815,021. 19.95% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on HOOD. Raymond James began coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They set a "market perform" rating on the stock. Citigroup reduced their price objective on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $60.00 target price on shares of Robinhood Markets in a research note on Thursday, March 27th. JMP Securities restated a "market outperform" rating and set a $70.00 price objective on shares of Robinhood Markets in a report on Thursday. Finally, Compass Point initiated coverage on shares of Robinhood Markets in a research note on Wednesday, March 19th. They issued a "buy" rating and a $61.00 target price on the stock. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.24.

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.