BIT Capital GmbH Has $68.04 Million Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

BIT Capital GmbH lifted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 176.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,826,022 shares of the company’s stock after purchasing an additional 1,166,427 shares during the period. Robinhood Markets comprises 5.4% of BIT Capital GmbH’s holdings, making the stock its 4th biggest position. BIT Capital GmbH owned 0.21% of Robinhood Markets worth $68,038,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new stake in Robinhood Markets during the fourth quarter worth $26,000. True Wealth Design LLC bought a new position in shares of Robinhood Markets in the 3rd quarter worth $30,000. Creative Financial Designs Inc. ADV lifted its stake in shares of Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares during the last quarter. Silicon Valley Capital Partners bought a new stake in Robinhood Markets during the fourth quarter valued at about $37,000. Finally, Bogart Wealth LLC purchased a new position in Robinhood Markets in the fourth quarter valued at about $37,000. 93.27% of the stock is currently owned by institutional investors.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total value of $29,370,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Baiju Bhatt sold 47,023 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $46.37, for a total transaction of $2,180,456.51. Following the sale, the director now directly owns 5,042 shares in the company, valued at $233,797.54. The trade was a 90.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,955,655 shares of company stock worth $143,072,448 over the last quarter. 19.95% of the stock is currently owned by insiders.

Robinhood Markets Trading Down 7.1 %

Shares of NASDAQ HOOD opened at $44.73 on Thursday. The stock has a market cap of $39.61 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91. The company has a 50 day simple moving average of $49.33 and a two-hundred day simple moving average of $37.87.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (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%. Analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays raised their price target on shares of Robinhood Markets from $54.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Citigroup increased their target price on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Needham & Company LLC lifted their price target on shares of Robinhood Markets from $52.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods upped their price target on Robinhood Markets from $38.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Finally, Cantor Fitzgerald began coverage on Robinhood Markets in a research report on Thursday, March 6th. They issued an “overweight” rating and a $69.00 price objective for the company. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.29.

Robinhood Markets Company 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.