WINTON GROUP Ltd Acquires 16,820 Shares of Robinhood Markets, Inc. $HOOD

WINTON GROUP Ltd grew its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 47.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,239 shares of the company’s stock after buying an additional 16,820 shares during the quarter. WINTON GROUP Ltd’s holdings in Robinhood Markets were worth $7,480,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HOOD. Vanguard Group Inc. increased its position in shares of Robinhood Markets by 24.9% in the third quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after acquiring an additional 18,824,923 shares during the last quarter. Norges Bank bought a new position in Robinhood Markets in the second quarter valued at approximately $973,122,000. Paradigm Operations LP acquired a new position in shares of Robinhood Markets during the 2nd quarter worth approximately $308,979,000. Jennison Associates LLC bought a new stake in shares of Robinhood Markets during the 3rd quarter worth approximately $322,823,000. Finally, Invesco Ltd. boosted its holdings in shares of Robinhood Markets by 81.0% in the 2nd quarter. Invesco Ltd. now owns 4,942,533 shares of the company’s stock valued at $462,769,000 after buying an additional 2,212,487 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of recent analyst reports. Piper Sandler lowered their target price on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Zacks Research downgraded shares of Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Morgan Stanley boosted their price objective on shares of Robinhood Markets from $146.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Monday, December 22nd. Cantor Fitzgerald cut their target price on shares of Robinhood Markets from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, February 17th. Finally, The Goldman Sachs Group reduced their price target on Robinhood Markets from $152.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average target price of $121.73.

Insider Activity at Robinhood Markets

In other news, insider Steven M. Quirk sold 52,540 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the transaction, the insider owned 27,564 shares in the company, valued at approximately $2,420,394.84. This trade represents a 65.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $107.48, for a total value of $630,262.72. Following the sale, the chief technology officer directly owned 9,133 shares of the company’s stock, valued at approximately $981,614.84. The trade was a 39.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 475,132 shares of company stock valued at $55,127,149. 14.47% of the stock is currently owned by insiders.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $77.09 on Monday. The company has a market cap of $69.40 billion, a P/E ratio of 37.42, a P/E/G ratio of 1.59 and a beta of 2.47. The firm’s fifty day moving average price is $95.09 and its two-hundred day moving average price is $114.92. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company posted $1.01 EPS. Robinhood Markets’s quarterly revenue was up 26.5% compared to the same quarter last year. As a group, equities research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Robinhood Markets Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.