WINTON GROUP Ltd Has $3.32 Million Stock Holdings in Robinhood Markets, Inc. $HOOD

WINTON GROUP Ltd grew its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 396.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 35,419 shares of the company’s stock after acquiring an additional 28,278 shares during the quarter. WINTON GROUP Ltd’s holdings in Robinhood Markets were worth $3,316,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC increased its stake in Robinhood Markets by 6.4% in the first quarter. HighTower Advisors LLC now owns 50,264 shares of the company’s stock valued at $2,092,000 after acquiring an additional 3,032 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Robinhood Markets by 3.1% in the 1st quarter. Wellington Management Group LLP now owns 16,261 shares of the company’s stock valued at $677,000 after purchasing an additional 486 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Robinhood Markets by 125.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 19,201 shares of the company’s stock valued at $799,000 after purchasing an additional 10,703 shares during the last quarter. Metavasi Capital LP raised its holdings in shares of Robinhood Markets by 275.0% during the 1st quarter. Metavasi Capital LP now owns 75,000 shares of the company’s stock worth $3,122,000 after buying an additional 55,000 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Robinhood Markets by 137.6% during the 1st quarter. Deutsche Bank AG now owns 1,761,767 shares of the company’s stock worth $73,325,000 after buying an additional 1,020,286 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

HOOD opened at $136.43 on Tuesday. Robinhood Markets, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $153.86. The company’s 50 day moving average price is $133.29 and its two-hundred day moving average price is $110.57. The firm has a market capitalization of $122.68 billion, a price-to-earnings ratio of 56.61, a PEG ratio of 2.97 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business earned $0.17 earnings per share. Robinhood Markets’s revenue was up 100.0% compared to the same quarter last year. As a group, equities research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling

In other Robinhood Markets news, Director Baiju Bhatt sold 1,330,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $128.47, for a total value of $170,865,100.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $132.13, for a total value of $15,855,600.00. Following the completion of the sale, the insider directly owned 430,012 shares of the company’s stock, valued at approximately $56,817,485.56. The trade was a 21.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,099,236 shares of company stock valued at $525,040,481 over the last 90 days. 19.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays lifted their target price on Robinhood Markets from $162.00 to $168.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Keefe, Bruyette & Woods lifted their price target on shares of Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Mizuho upped their price objective on shares of Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Loop Capital set a $161.00 target price on shares of Robinhood Markets in a research report on Monday, October 27th. Finally, Citizens Jmp boosted their target price on shares of Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.95.

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.