Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 289,642 shares of the company’s stock after acquiring an additional 27,057 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Robinhood Markets were worth $3,690,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peoples Bank KS bought a new stake in Robinhood Markets in the third quarter worth about $29,000. UniSuper Management Pty Ltd purchased a new position in Robinhood Markets in the 3rd quarter worth about $30,000. Whittier Trust Co. increased its stake in Robinhood Markets by 100.0% in the 4th quarter. Whittier Trust Co. now owns 4,634 shares of the company’s stock worth $59,000 after purchasing an additional 2,317 shares in the last quarter. Financial Connections Group Inc. purchased a new position in Robinhood Markets in the 4th quarter worth about $89,000. Finally, International Assets Investment Management LLC increased its stake in Robinhood Markets by 1,174.1% in the 4th quarter. International Assets Investment Management LLC now owns 7,326 shares of the company’s stock worth $93,000 after purchasing an additional 6,751 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Insider Activity at Robinhood Markets

In related news, insider Baiju Bhatt sold 188,077 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $13.57, for a total value of $2,552,204.89. Following the completion of the sale, the insider now directly owns 36,045 shares in the company, valued at approximately $489,130.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Baiju Bhatt sold 188,077 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $13.57, for a total value of $2,552,204.89. Following the completion of the sale, the insider now directly owns 36,045 shares in the company, valued at approximately $489,130.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $10.61, for a total value of $2,652,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,382,977 shares of company stock valued at $36,496,582. 20.81% of the stock is owned by corporate insiders.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $17.88 on Friday. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of -29.80 and a beta of 1.69. The business has a 50 day simple moving average of $17.38 and a 200 day simple moving average of $12.92. Robinhood Markets, Inc. has a 52 week low of $7.91 and a 52 week high of $20.55.

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. The business had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. The firm’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.19) EPS. On average, analysts predict that Robinhood Markets, Inc. will post 0.29 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Morgan Stanley lifted their price target on Robinhood Markets from $11.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Barclays lifted their price target on Robinhood Markets from $11.00 to $16.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Mizuho lifted their price target on Robinhood Markets from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft lifted their target price on Robinhood Markets from $12.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, March 19th. Finally, KeyCorp lifted their target price on Robinhood Markets from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.88.

Robinhood Markets 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.