Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Bought by Point72 Europe London LLP

Point72 Europe London LLP grew its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 14.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98,385 shares of the company's stock after purchasing an additional 12,202 shares during the period. Point72 Europe London LLP's holdings in Robinhood Markets were worth $3,666,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HOOD. FMR LLC raised its position in Robinhood Markets by 184.8% during the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock worth $1,499,248,000 after buying an additional 26,107,934 shares during the last quarter. Newlands Management Operations LLC increased its stake in shares of Robinhood Markets by 1.1% in the fourth quarter. Newlands Management Operations LLC now owns 24,158,860 shares of the company's stock worth $900,159,000 after acquiring an additional 273,860 shares during the period. Geode Capital Management LLC increased its stake in shares of Robinhood Markets by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 12,175,972 shares of the company's stock worth $455,464,000 after acquiring an additional 555,299 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Robinhood Markets by 34.4% during the fourth quarter. Renaissance Technologies LLC now owns 12,078,116 shares of the company's stock worth $450,031,000 after purchasing an additional 3,091,514 shares during the last quarter. Finally, Norges Bank acquired a new position in Robinhood Markets during the fourth quarter valued at $329,598,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Daniel Martin Gallagher, Jr. sold 50,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $60.77, for a total value of $3,038,500.00. Following the transaction, the insider now directly owns 706,642 shares of the company's stock, valued at approximately $42,942,634.34. This trade represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Baiju Bhatt sold 223,528 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $43.21, for a total transaction of $9,658,644.88. Following the transaction, the director now owns 5,042 shares in the company, valued at $217,864.82. The trade was a 97.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,840,014 shares of company stock worth $83,494,057. 14.47% of the stock is owned by corporate insiders.

Robinhood Markets Stock Down 1.9%

HOOD stock opened at $61.39 on Thursday. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91. The firm has a 50-day simple moving average of $44.26 and a 200-day simple moving average of $43.08. The stock has a market capitalization of $54.36 billion, a P/E ratio of 39.10, a P/E/G ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data 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. Robinhood Markets's quarterly revenue was up 50.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. On average, analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HOOD shares. JPMorgan Chase & Co. lifted their price objective on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $60.00 price target on shares of Robinhood Markets in a research report on Thursday, March 27th. Compass Point started coverage on Robinhood Markets in a report on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price target for the company. The Goldman Sachs Group upped their price objective on Robinhood Markets from $56.00 to $64.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Piper Sandler lifted their target price on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, Robinhood Markets has an average rating of "Moderate Buy" and an average target price of $55.41.

About Robinhood Markets

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.

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