Aquatic Capital Management LLC Raises Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Aquatic Capital Management LLC increased its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 369.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 662,604 shares of the company’s stock after buying an additional 521,604 shares during the quarter. Robinhood Markets comprises 0.7% of Aquatic Capital Management LLC’s holdings, making the stock its 28th largest position. Aquatic Capital Management LLC owned 0.07% of Robinhood Markets worth $24,689,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of HOOD. MetLife Investment Management LLC lifted its holdings in Robinhood Markets by 1.5% during the 4th quarter. MetLife Investment Management LLC now owns 11,806 shares of the company’s stock worth $440,000 after buying an additional 171 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Robinhood Markets by 2.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,867 shares of the company’s stock worth $368,000 after acquiring an additional 233 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Robinhood Markets by 7.8% in the fourth quarter. First Horizon Advisors Inc. now owns 3,822 shares of the company’s stock valued at $142,000 after acquiring an additional 277 shares in the last quarter. Spire Wealth Management increased its position in shares of Robinhood Markets by 104.6% during the fourth quarter. Spire Wealth Management now owns 1,074 shares of the company’s stock worth $40,000 after purchasing an additional 549 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Robinhood Markets by 130.7% in the fourth quarter. Allworth Financial LP now owns 1,135 shares of the company’s stock valued at $42,000 after purchasing an additional 643 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

HOOD has been the topic of several recent research reports. Barclays reduced their price target on Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Piper Sandler lifted their price objective on Robinhood Markets from $54.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. JMP Securities lowered their target price on Robinhood Markets from $77.00 to $70.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Mizuho lifted their price objective on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Compass Point assumed coverage on Robinhood Markets in a research report on Wednesday, March 19th. They set a “buy” rating and a $61.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $53.88.

Robinhood Markets Stock Up 2.7 %

NASDAQ HOOD opened at $49.45 on Friday. The company has a market cap of $43.79 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 1.05 and a beta of 2.17. The firm’s 50-day simple moving average is $43.49 and its two-hundred day simple moving average is $40.79. 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 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%. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,876 shares of Robinhood Markets stock in a transaction on Monday, January 27th. The stock was sold at an average price of $47.82, for a total transaction of $280,990.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $51.60, for a total value of $1,290,000.00. Following the completion of the sale, the insider now owns 706,642 shares in the company, valued at $36,462,727.20. This represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,240,460 shares of company stock valued at $110,036,750 in the last ninety days. Corporate insiders own 19.95% of the company’s stock.

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.