Strs Ohio Has $21.32 Million Stock Holdings in Robinhood Markets, Inc. $HOOD

Strs Ohio raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 10.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 307,648 shares of the company’s stock after acquiring an additional 29,920 shares during the quarter. Strs Ohio’s holdings in Robinhood Markets were worth $21,320,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Empowered Funds LLC grew its stake in shares of Robinhood Markets by 46.7% in the first quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock worth $2,076,000 after purchasing an additional 15,885 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Robinhood Markets during the 2nd quarter worth about $5,105,000. Federated Hermes Inc. lifted its holdings in Robinhood Markets by 106.2% during the 2nd quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock worth $5,988,000 after buying an additional 32,933 shares during the period. NewEdge Advisors LLC lifted its holdings in Robinhood Markets by 19.1% during the 2nd quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock worth $8,396,000 after buying an additional 14,356 shares during the period. Finally, Nebula Research & Development LLC bought a new stake in shares of Robinhood Markets in the 2nd quarter valued at about $1,316,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $112.73 on Friday. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. The company has a fifty day moving average of $87.70 and a 200-day moving average of $89.61. The firm has a market capitalization of $101.51 billion, a P/E ratio of 54.46, a P/E/G ratio of 2.53 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOODGet Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company earned $0.37 earnings per share. The firm’s revenue was up 15.1% compared to the same quarter last year. On average, analysts anticipate that Robinhood Markets, Inc. will post 1.81 EPS for the current fiscal year.

Insider Activity at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $76.89, for a total transaction of $768,900.00. Following the transaction, the insider owned 432,849 shares of the company’s stock, valued at $33,281,759.61. This represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 67,422 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total value of $5,082,270.36. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have purchased 680,000 shares of company stock worth $55,306,560 and have sold 633,484 shares worth $47,542,923. Company insiders own 14.47% of the company’s stock.

Key Stories Impacting Robinhood Markets

Here are the key news stories impacting Robinhood Markets this week:

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HOOD shares. Loop Capital set a $110.00 price target on Robinhood Markets in a research note on Wednesday, June 17th. Jefferies Financial Group cut their price objective on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Argus upped their target price on Robinhood Markets from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Barclays decreased their target price on shares of Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $130.00 price target on shares of Robinhood Markets in a report on Tuesday, April 14th. Twenty investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $115.00.

Read Our Latest Stock Analysis on HOOD

Robinhood Markets Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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