AlpInvest Partners B.V. Has $5.80 Million Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

AlpInvest Partners B.V. raised its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 99.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 455,467 shares of the company’s stock after purchasing an additional 227,619 shares during the quarter. Robinhood Markets accounts for 1.3% of AlpInvest Partners B.V.’s portfolio, making the stock its 16th largest holding. AlpInvest Partners B.V.’s holdings in Robinhood Markets were worth $5,803,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd bought a new stake in shares of Robinhood Markets during the 1st quarter valued at $28,000. Quantbot Technologies LP bought a new position in Robinhood Markets in the 2nd quarter valued at about $28,000. Peoples Bank KS bought a new position in Robinhood Markets in the 3rd quarter valued at about $29,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Robinhood Markets in the 2nd quarter valued at about $29,000. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Robinhood Markets during the 3rd quarter worth approximately $30,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

NASDAQ:HOOD traded down $1.03 during trading hours on Friday, hitting $17.97. The stock had a trading volume of 9,613,234 shares, compared to its average volume of 13,540,090. The company has a 50 day simple moving average of $16.33 and a two-hundred day simple moving average of $12.42. Robinhood Markets, Inc. has a one year low of $7.91 and a one year high of $20.55. The firm has a market capitalization of $15.72 billion, a price-to-earnings ratio of -29.95 and a beta of 1.69.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. Robinhood Markets had a negative net margin of 29.01% and a negative return on equity of 7.87%. The firm had revenue of $471.00 million during the quarter, compared to the consensus estimate of $454.73 million. During the same period last year, the firm earned ($0.19) EPS. The business’s quarterly revenue was up 23.9% compared to the same quarter last year. Equities research analysts anticipate that Robinhood Markets, Inc. will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $10.61, for a total value of $132,625.00. Following the transaction, the insider now owns 738,291 shares in the company, valued at $7,833,267.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $10.61, for a total value of $132,625.00. Following the transaction, the insider now owns 738,291 shares in the company, valued at $7,833,267.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason Warnick sold 5,000 shares of Robinhood Markets stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $19.59, for a total transaction of $97,950.00. Following the sale, the chief financial officer now directly owns 1,002,407 shares in the company, valued at approximately $19,637,153.13. The disclosure for this sale can be found here. Insiders have sold a total of 2,212,150 shares of company stock worth $33,495,819 in the last 90 days. 20.81% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HOOD has been the topic of several analyst reports. TheStreet upgraded shares of Robinhood Markets from a “d+” rating to a “c-” rating in a research report on Wednesday, February 28th. Sanford C. Bernstein started coverage on shares of Robinhood Markets in a research note on Thursday, March 14th. They set an “outperform” rating and a $30.00 price target for the company. Mizuho raised their price target on shares of Robinhood Markets from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Keefe, Bruyette & Woods assumed coverage on shares of Robinhood Markets in a research note on Wednesday, April 3rd. They set a “market perform” rating and a $20.00 target price for the company. Finally, Morgan Stanley raised their price target on shares of Robinhood Markets from $11.00 to $18.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.15.

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.