Quantinno Capital Management LP Grows Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Quantinno Capital Management LP grew its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 64.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 62,293 shares of the company’s stock after acquiring an additional 24,426 shares during the period. Quantinno Capital Management LP’s holdings in Robinhood Markets were worth $2,321,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc grew its stake in shares of Robinhood Markets by 601.1% in the fourth quarter. IFP Advisors Inc now owns 4,396 shares of the company’s stock valued at $164,000 after buying an additional 3,769 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Robinhood Markets by 3.0% in the 4th 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 during the period. Atomi Financial Group Inc. increased 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 worth $20,154,000 after acquiring an additional 92,613 shares during the period. Requisite Capital Management LLC acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at $266,000. Finally, Aigen Investment Management LP boosted its holdings in Robinhood Markets by 161.2% in the fourth quarter. Aigen Investment Management LP now owns 85,868 shares of the company’s stock valued at $3,199,000 after purchasing an additional 52,988 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citigroup decreased their price objective 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. Needham & Company LLC upped their price objective on Robinhood Markets from $58.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. JMP Securities reissued a “market outperform” rating and set a $70.00 target price on shares of Robinhood Markets in a research report on Thursday, May 1st. JPMorgan Chase & Co. upped their price target on Robinhood Markets from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Finally, Barclays dropped their price target on shares of Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.41.

Robinhood Markets Trading Up 1.0%

NASDAQ HOOD opened at $64.91 on Wednesday. The stock has a market capitalization of $57.48 billion, a price-to-earnings ratio of 41.34, a PEG ratio of 1.05 and a beta of 2.15. The business’s 50 day moving average is $46.35 and its two-hundred day moving average is $44.22. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data 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). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The business had revenue of $927.00 million during the quarter, compared to analysts’ expectations of $917.12 million. During the same quarter in the previous year, the company posted $0.18 EPS. The company’s revenue was up 50.0% compared to the same quarter last year. Equities analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, Director Baiju Bhatt sold 107,608 shares of the company’s stock in a transaction dated 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 owns 7,863 shares of the company’s stock, valued at $475,003.83. This represents a 93.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,897,622 shares of company stock valued at $86,956,156. Corporate insiders own 14.47% of the company’s stock.

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.