Hunting Hill Global Capital LLC Makes New $456,000 Investment in Robinhood Markets, Inc. (NASDAQ:HOOD)

Hunting Hill Global Capital LLC bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,233 shares of the company’s stock, valued at approximately $456,000.

Several other institutional investors also recently bought and sold shares of HOOD. New Wave Wealth Advisors LLC acquired a new stake in Robinhood Markets in the 4th quarter worth about $26,000. Creative Financial Designs Inc. ADV boosted its stake in Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after buying an additional 750 shares during the last quarter. Silicon Valley Capital Partners purchased a new stake in Robinhood Markets in the 4th quarter valued at $37,000. Bogart Wealth LLC acquired a new stake in shares of Robinhood Markets in the 4th quarter worth $37,000. Finally, Spire Wealth Management raised its holdings in shares of Robinhood Markets by 104.6% during the 4th quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock worth $40,000 after acquiring an additional 549 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Robinhood Markets news, Director Baiju Bhatt sold 90,866 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $50.67, for a total value of $4,604,180.22. Following the sale, the director now directly owns 5,042 shares of the company’s stock, valued at approximately $255,478.14. This represents a 94.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Vladimir Tenev sold 500,000 shares of Robinhood Markets stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $50.77, for a total transaction of $25,385,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,784,193 shares of company stock worth $137,892,219. 19.95% of the stock is currently owned by company insiders.

Robinhood Markets Stock Up 1.3 %

Shares of HOOD stock opened at $41.18 on Monday. The firm has a 50 day moving average of $45.22 and a two-hundred day moving average of $40.29. The stock has a market capitalization of $36.46 billion, a PE ratio of 26.23, a P/E/G ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. Analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays cut their price objective on shares of Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $60.00 price target on shares of Robinhood Markets in a report on Thursday, March 27th. Compass Point began coverage on shares of Robinhood Markets in a research report on Wednesday, March 19th. They set a “buy” rating and a $61.00 price target on the stock. Needham & Company LLC lowered their price objective on Robinhood Markets from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Finally, JMP Securities reduced their target price on Robinhood Markets from $77.00 to $70.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and an average price target of $55.06.

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.