Two Sigma Advisers LP Has $398.67 Million Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

Two Sigma Advisers LP lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,699,600 shares of the company’s stock after purchasing an additional 52,700 shares during the quarter. Robinhood Markets accounts for 0.9% of Two Sigma Advisers LP’s portfolio, making the stock its 25th largest position. Two Sigma Advisers LP owned about 1.21% of Robinhood Markets worth $398,667,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HOOD. New Wave Wealth Advisors LLC bought a new position in shares of Robinhood Markets during the fourth quarter valued at $26,000. CoreCap Advisors LLC lifted its holdings in shares of Robinhood Markets by 191.6% during the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock valued at $31,000 after acquiring an additional 550 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Robinhood Markets by 750.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after acquiring an additional 750 shares during the period. Colonial Trust Co SC bought a new position in shares of Robinhood Markets during the fourth quarter valued at $34,000. Finally, Silicon Valley Capital Partners bought a new position in shares of Robinhood Markets during the fourth quarter valued at $37,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $34.51, for a total transaction of $201,987.03. Following the transaction, the chief technology officer now owns 5,853 shares in the company, valued at approximately $201,987.03. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Baiju Bhatt sold 107,608 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $60.41, for a total value of $6,500,599.28. Following the transaction, the director now owns 7,863 shares in the company, valued at approximately $475,003.83. This trade represents a 93.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,947,622 shares of company stock worth $89,994,656. Insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Up 1.8%

Robinhood Markets stock opened at $61.76 on Monday. The business’s 50-day simple moving average is $45.27 and its 200 day simple moving average is $43.79. The stock has a market cap of $54.69 billion, a price-to-earnings ratio of 39.34, a P/E/G ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm had revenue of $927.00 million during the quarter, compared to the consensus estimate of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. Robinhood Markets’s revenue was up 50.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 EPS. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

HOOD has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on Robinhood Markets from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Tuesday, May 13th. Raymond James initiated coverage on Robinhood Markets in a report on Wednesday, February 5th. They set a “market perform” rating for the company. Cantor Fitzgerald lowered their target price on Robinhood Markets from $62.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Compass Point initiated coverage on Robinhood Markets in a research note on Wednesday, March 19th. They issued a “buy” rating and a $61.00 target price for the company. Finally, Piper Sandler raised their target price on Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.41.

Robinhood Markets 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.