Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Acquired by PDT Partners LLC

PDT Partners LLC raised its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 40.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,005 shares of the company's stock after purchasing an additional 46,899 shares during the period. Robinhood Markets accounts for approximately 0.5% of PDT Partners LLC's investment portfolio, making the stock its 14th biggest holding. PDT Partners LLC's holdings in Robinhood Markets were worth $6,074,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC grew its holdings in shares of Robinhood Markets by 184.8% during the fourth quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after buying an additional 26,107,934 shares during the last quarter. Norges Bank purchased a new stake in shares of Robinhood Markets during the fourth quarter valued at $329,598,000. GQG Partners LLC purchased a new stake in shares of Robinhood Markets during the fourth quarter valued at $302,325,000. Artisan Partners Limited Partnership acquired a new stake in Robinhood Markets during the 4th quarter worth about $152,949,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Robinhood Markets by 335.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company's stock valued at $193,202,000 after buying an additional 3,994,745 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Baiju Bhatt sold 90,866 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $55.34, for a total transaction of $5,028,524.44. Following the completion of the transaction, the director now directly owns 5,042 shares in the company, valued at approximately $279,024.28. This represents a 94.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $51.60, for a total value of $1,290,000.00. Following the transaction, the insider now owns 706,642 shares of the company's stock, valued at approximately $36,462,727.20. This represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,334,593 shares of company stock worth $114,815,021. 19.95% of the stock is owned by corporate insiders.

Robinhood Markets Stock Performance

Shares of HOOD traded down $2.49 during trading hours on Thursday, hitting $46.62. 88,059,000 shares of the stock were exchanged, compared to its average volume of 25,537,819. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91. The company has a market cap of $41.28 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. The stock's 50-day moving average price is $43.10 and its two-hundred day moving average price is $41.27.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 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 for the quarter, compared to analysts' expectations of $917.12 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The firm's revenue for the quarter was up 50.0% compared to the same quarter last year. On average, research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $60.00 target price on shares of Robinhood Markets in a research note on Thursday, March 27th. Wolfe Research downgraded Robinhood Markets from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Mizuho boosted their price target on Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Barclays decreased their price target on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Finally, Raymond James began coverage on Robinhood Markets in a report on Wednesday, February 5th. They issued a "market perform" rating for the company. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $53.24.

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.