Public Employees Retirement Association of Colorado Raises Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Public Employees Retirement Association of Colorado boosted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 11.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,812 shares of the company’s stock after acquiring an additional 5,735 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Robinhood Markets were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HOOD. Dimensional Fund Advisors LP boosted its position in shares of Robinhood Markets by 16.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,673,579 shares of the company’s stock worth $59,559,000 after purchasing an additional 672,648 shares in the last quarter. Commerce Bank grew its stake in shares of Robinhood Markets by 7.9% during the fourth quarter. Commerce Bank now owns 12,459 shares of the company’s stock worth $159,000 after acquiring an additional 917 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Robinhood Markets during the fourth quarter valued at about $229,000. Hsbc Holdings PLC raised its position in shares of Robinhood Markets by 245.5% in the 4th quarter. Hsbc Holdings PLC now owns 233,289 shares of the company’s stock valued at $2,955,000 after purchasing an additional 165,772 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Robinhood Markets by 8.7% in the 4th quarter. Treasurer of the State of North Carolina now owns 317,018 shares of the company’s stock worth $4,039,000 after purchasing an additional 25,445 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $22.77 on Wednesday. The company has a market capitalization of $20.01 billion, a PE ratio of 151.80 and a beta of 1.82. The company’s fifty day moving average price is $20.53 and its 200 day moving average price is $20.09. Robinhood Markets, Inc. has a 1 year low of $7.91 and a 1 year high of $24.88.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. Robinhood Markets had a return on equity of 4.25% and a net margin of 12.96%. The firm had revenue of $682.00 million for the quarter, compared to analysts’ expectations of $640.39 million. During the same period last year, the firm earned $0.03 EPS. The company’s quarterly revenue was up 40.3% on a year-over-year basis. On average, equities analysts expect that Robinhood Markets, Inc. will post 0.76 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $22.80, for a total transaction of $285,000.00. Following the completion of the transaction, the insider now directly owns 956,247 shares of the company’s stock, valued at approximately $21,802,431.60. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $22.80, for a total transaction of $285,000.00. Following the completion of the transaction, the insider now owns 956,247 shares in the company, valued at approximately $21,802,431.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $16.05, for a total transaction of $4,012,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,204,096 shares of company stock valued at $23,603,793. Company insiders own 19.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HOOD shares. JMP Securities restated a “market outperform” rating and set a $30.00 price target on shares of Robinhood Markets in a research note on Thursday, August 8th. Wolfe Research upgraded Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $29.00 target price for the company in a research note on Wednesday, June 26th. Piper Sandler boosted their price target on Robinhood Markets from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. The Goldman Sachs Group raised their price objective on Robinhood Markets from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Robinhood Markets in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $23.10.

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.