R Squared Ltd Makes New $212,000 Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

R Squared Ltd bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,700 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds have also made changes to their positions in the company. HM Payson & Co. grew its position in Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after purchasing an additional 410 shares in the last quarter. Eastern Bank acquired a new position in Robinhood Markets during the third quarter valued at $30,000. True Wealth Design LLC acquired a new stake in Robinhood Markets during the 3rd quarter worth about $30,000. ORG Wealth Partners LLC purchased a new stake in shares of Robinhood Markets in the third quarter worth approximately $33,000. Finally, Connective Portfolio Management LLC purchased a new stake in shares of Robinhood Markets in the third quarter worth approximately $47,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Vladimir Tenev sold 250,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $24.21, for a total transaction of $6,052,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Baiju Bhatt sold 108,964 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $24.92, for a total transaction of $2,715,382.88. Following the transaction, the director now owns 2,521 shares of the company’s stock, valued at approximately $62,823.32. The trade was a 97.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,291,524 shares of company stock valued at $170,349,862 in the last three months. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Price Performance

Shares of HOOD opened at $49.38 on Wednesday. Robinhood Markets, Inc. has a one year low of $10.51 and a one year high of $52.06. The company’s fifty day moving average price is $40.92 and its 200 day moving average price is $29.59. The company has a market capitalization of $43.65 billion, a PE ratio of 83.69, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $637.00 million for the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. Robinhood Markets’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) EPS. Analysts anticipate that Robinhood Markets, Inc. will post 0.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HOOD has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Robinhood Markets from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley upped their price target on shares of Robinhood Markets from $55.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Citigroup lifted their price objective on Robinhood Markets from $25.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Piper Sandler boosted their target price on Robinhood Markets from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $52.00 price target (up from $40.00) on shares of Robinhood Markets in a report on Monday, December 9th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $43.07.

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.