Caxton Associates LLP Has $16.64 Million Stock Holdings in Robinhood Markets, Inc. $HOOD

Caxton Associates LLP increased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 175.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,673 shares of the company’s stock after purchasing an additional 113,091 shares during the quarter. Caxton Associates LLP’s holdings in Robinhood Markets were worth $16,636,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WCM Investment Management LLC boosted its holdings in shares of Robinhood Markets by 3,615.7% in the 2nd quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock worth $1,081,910,000 after acquiring an additional 11,244,182 shares in the last quarter. Norges Bank bought a new position in Robinhood Markets in the 2nd quarter valued at $973,122,000. Kingstone Capital Partners Texas LLC bought a new position in Robinhood Markets in the 2nd quarter valued at $951,479,000. Paradigm Operations LP acquired a new position in Robinhood Markets in the second quarter worth $308,979,000. Finally, Altimeter Capital Management LP bought a new stake in shares of Robinhood Markets during the first quarter worth $120,103,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total transaction of $104,797,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Baiju Bhatt sold 1,330,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $128.47, for a total value of $170,865,100.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,686,763 shares of company stock valued at $475,858,262 over the last 90 days. Company insiders own 14.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. KeyCorp raised their target price on Robinhood Markets from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. JMP Securities raised their price objective on shares of Robinhood Markets from $130.00 to $170.00 and gave the company a “market outperform” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a research note on Monday, December 8th. CICC Research assumed coverage on shares of Robinhood Markets in a research note on Monday, October 27th. They set an “outperform” rating and a $155.00 price target on the stock. Finally, Mizuho raised their price target on shares of Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and an average target price of $136.32.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $119.50 on Friday. The stock has a market cap of $107.45 billion, a price-to-earnings ratio of 49.59, a P/E/G ratio of 2.40 and a beta of 2.43. The company has a 50 day moving average of $132.04 and a 200-day moving average of $112.04. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm earned $0.17 earnings per share. The business’s revenue for the quarter was up 100.0% on a year-over-year basis. Equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

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.