10,803 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Oxford Asset Management LLP

Oxford Asset Management LLP acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,803 shares of the company’s stock, valued at approximately $403,000.

A number of other large investors have also recently made changes to their positions in HOOD. IFP Advisors Inc raised its holdings in shares of Robinhood Markets by 601.1% in the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company’s stock worth $164,000 after acquiring an additional 3,769 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Robinhood Markets in the fourth quarter worth approximately $634,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Robinhood Markets by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company’s stock valued at $175,857,000 after purchasing an additional 138,267 shares in the last quarter. Atomi Financial Group Inc. boosted its position in shares of Robinhood Markets by 20.7% during the fourth quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company’s stock valued at $20,154,000 after buying an additional 92,613 shares during the last quarter. Finally, Requisite Capital Management LLC purchased a new position in Robinhood Markets during the 4th quarter worth $266,000. 93.27% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Baiju Bhatt sold 47,133 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $45.27, for a total transaction of $2,133,710.91. Following the completion of the transaction, the director now directly owns 7,863 shares in the company, valued at $355,958.01. The trade was a 85.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $34.51, for a total value of $201,987.03. Following the completion of the transaction, the chief technology officer now owns 5,853 shares in the company, valued at $201,987.03. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,240,460 shares of company stock worth $110,036,750 in the last three months. Corporate insiders own 19.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HOOD shares. Raymond James began coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They issued a “market perform” rating for the company. Citigroup reduced their price target on shares of Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. KeyCorp lowered their price objective on shares of Robinhood Markets from $75.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wolfe Research downgraded shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley cut shares of Robinhood Markets from an “overweight” rating to an “equal weight” rating and set a $40.00 price target on the stock. in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and an average target price of $53.88.

Robinhood Markets Stock Up 2.7 %

Shares of NASDAQ HOOD opened at $49.45 on Friday. The company has a market cap of $43.79 billion, a P/E ratio of 31.50, 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. The business has a 50-day simple moving average of $43.49 and a two-hundred day simple moving average of $40.89.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data 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 net margin of 47.81% and a return on equity of 13.53%. Equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

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.