Jump Financial LLC Acquires 11,462 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Jump Financial LLC increased its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 86.6% in the fourth quarter, HoldingsChannel reports. The firm owned 24,700 shares of the company’s stock after buying an additional 11,462 shares during the period. Jump Financial LLC’s holdings in Robinhood Markets were worth $315,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Raymond James & Associates raised its position in shares of Robinhood Markets by 7.0% in the 3rd quarter. Raymond James & Associates now owns 31,847 shares of the company’s stock valued at $312,000 after purchasing an additional 2,070 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Robinhood Markets by 33.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 16,647 shares of the company’s stock valued at $163,000 after buying an additional 4,163 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Robinhood Markets in the 3rd quarter valued at $324,000. Daiwa Securities Group Inc. raised its stake in Robinhood Markets by 307.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 36,704 shares of the company’s stock worth $360,000 after acquiring an additional 27,700 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Robinhood Markets by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 52,159 shares of the company’s stock worth $512,000 after acquiring an additional 2,710 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Robinhood Markets from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. KeyCorp lifted their price objective on shares of Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Sanford C. Bernstein started coverage on shares of Robinhood Markets in a report on Thursday, March 14th. They issued an “outperform” rating and a $30.00 price objective on the stock. Barclays boosted their target price on shares of Robinhood Markets from $16.00 to $18.00 and gave the company an “underweight” rating in a research report on Thursday, May 9th. Finally, Citigroup lowered Robinhood Markets from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $13.00 to $16.00 in a research note on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.75.

Robinhood Markets Trading Up 6.6 %

HOOD stock opened at $20.51 on Friday. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $21.21. The business’s 50-day moving average is $18.30 and its 200 day moving average is $14.20. The stock has a market cap of $18.03 billion, a price-to-earnings ratio of 136.73 and a beta of 1.74.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.05 by $0.13. The firm had revenue of $618.00 million during the quarter, compared to analysts’ expectations of $552.74 million. Robinhood Markets had a return on equity of 1.86% and a net margin of 6.22%. The firm’s revenue for the quarter was up 40.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.57) earnings per share. As a group, equities analysts forecast that Robinhood Markets, Inc. will post 0.53 EPS for the current fiscal year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 47,570 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $21.12, for a total value of $1,004,678.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Jason Warnick sold 5,000 shares of Robinhood Markets stock in a transaction on Friday, March 1st. The stock was sold at an average price of $16.47, for a total transaction of $82,350.00. Following the transaction, the chief financial officer now owns 971,497 shares in the company, valued at approximately $16,000,555.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 47,570 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $21.12, for a total transaction of $1,004,678.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,376,471 shares of company stock valued at $39,292,915. Corporate insiders own 19.95% of the company’s stock.

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.