Siemens Fonds Invest GmbH Takes $217,000 Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Siemens Fonds Invest GmbH acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,830 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of Robinhood Markets by 601.1% during the fourth quarter. IFP Advisors Inc now owns 4,396 shares of the company’s stock worth $164,000 after acquiring an additional 3,769 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Robinhood Markets by 3.0% during 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 buying an additional 138,267 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in 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 in the last quarter. Requisite Capital Management LLC bought a new position in Robinhood Markets during the fourth quarter valued at about $266,000. Finally, Aigen Investment Management LP raised its holdings in Robinhood Markets by 161.2% during the fourth quarter. Aigen Investment Management LP now owns 85,868 shares of the company’s stock valued at $3,199,000 after buying an additional 52,988 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Stock Up 1.8%

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

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The firm had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. During the same period last year, the business earned $0.18 earnings per share. The firm’s quarterly revenue was up 50.0% compared to the same quarter last year. On average, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays cut their target price on Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Morgan Stanley raised their target price on Robinhood Markets from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Tuesday, May 13th. Compass Point assumed coverage on Robinhood Markets in a report on Wednesday, March 19th. They set a “buy” rating and a $61.00 target price on the stock. Citigroup cut their target price on Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Finally, JMP Securities restated a “market outperform” rating and set a $70.00 target price on shares of Robinhood Markets in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $55.41.

Insider Buying and Selling

In other Robinhood Markets news, insider Steven M. Quirk sold 123,272 shares of Robinhood Markets stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $55.80, for a total transaction of $6,878,577.60. Following the sale, the insider now directly owns 298,826 shares of the company’s stock, valued at approximately $16,674,490.80. The trade was a 29.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Baiju Bhatt sold 107,608 shares of Robinhood Markets stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $60.41, for a total value of $6,500,599.28. Following the sale, the director now directly owns 7,863 shares in the company, valued at $475,003.83. The trade was a 93.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,947,622 shares of company stock valued at $89,994,656 over the last three months. 14.47% of the stock is owned by corporate insiders.

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.