353,000 Shares in Robinhood Markets, Inc. (NASDAQ:HOOD) Bought by Rivermont Capital Management LP

Rivermont Capital Management LP bought a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 353,000 shares of the company’s stock, valued at approximately $13,153,000. Robinhood Markets accounts for about 5.0% of Rivermont Capital Management LP’s portfolio, making the stock its 9th biggest position.

Several other institutional investors have also recently bought and sold shares of HOOD. IFP Advisors Inc increased 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 worth $164,000 after purchasing an additional 3,769 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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 last quarter. Atomi Financial Group Inc. grew its holdings in Robinhood Markets by 20.7% in the 4th 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. Requisite Capital Management LLC bought a new position in Robinhood Markets in the 4th quarter worth approximately $266,000. Finally, Aigen Investment Management LP lifted its holdings in shares of Robinhood Markets by 161.2% during the fourth quarter. Aigen Investment Management LP now owns 85,868 shares of the company’s stock worth $3,199,000 after buying an additional 52,988 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

HOOD opened at $61.39 on Thursday. The firm has a market cap of $54.36 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 1.05 and a beta of 2.15. The firm’s 50-day simple moving average is $44.26 and its 200-day simple moving average is $43.08. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share 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 firm had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. During the same period in the prior year, the company posted $0.18 earnings per share. Robinhood Markets’s quarterly revenue was up 50.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HOOD shares. Cantor Fitzgerald lowered their price objective on shares of Robinhood Markets from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $60.00 price target on shares of Robinhood Markets in a report on Thursday, March 27th. Needham & Company LLC boosted their price objective on shares of Robinhood Markets from $58.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday. Piper Sandler upped their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, Citigroup decreased their target price on Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.41.

Insider Buying and Selling

In related news, insider Daniel Martin Gallagher, Jr. sold 50,000 shares of Robinhood Markets stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $60.77, for a total value of $3,038,500.00. Following the completion of the transaction, the insider now directly owns 706,642 shares of the company’s stock, valued at $42,942,634.34. The trade was a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction dated 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. Insiders have sold a total of 1,840,014 shares of company stock worth $83,494,057 in the last three months. 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.