APG Asset Management N.V. Takes Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

APG Asset Management N.V. acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 393,900 shares of the company's stock, valued at approximately $14,174,000.

Other hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors raised its holdings in shares of Robinhood Markets by 31.0% in the third quarter. Captrust Financial Advisors now owns 18,942 shares of the company's stock valued at $444,000 after acquiring an additional 4,487 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Robinhood Markets by 45.6% in the 3rd quarter. Quantinno Capital Management LP now owns 37,867 shares of the company's stock valued at $887,000 after purchasing an additional 11,859 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Robinhood Markets by 58.0% in the 3rd quarter. MML Investors Services LLC now owns 51,839 shares of the company's stock worth $1,214,000 after purchasing an additional 19,027 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Robinhood Markets by 12.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 154,100 shares of the company's stock valued at $3,609,000 after purchasing an additional 17,200 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Robinhood Markets by 15.5% during the third quarter. Public Employees Retirement System of Ohio now owns 303,629 shares of the company's stock valued at $7,111,000 after buying an additional 40,647 shares during the period. 93.27% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms have weighed in on HOOD. Deutsche Bank Aktiengesellschaft lowered their target price on Robinhood Markets from $75.00 to $61.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Compass Point started coverage on Robinhood Markets in a research note on Wednesday, March 19th. They issued a "buy" rating and a $61.00 target price on the stock. Mizuho raised their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Wolfe Research downgraded shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Finally, Piper Sandler upped their price target on Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $55.06.

Insider Buying and Selling at Robinhood Markets

In other news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $34.51, for a total transaction of $201,987.03. Following the completion of the sale, the chief technology officer now owns 5,853 shares of the company's stock, valued at $201,987.03. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Baiju Bhatt sold 90,866 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $45.27, for a total transaction of $4,113,503.82. Following the transaction, the director now owns 5,042 shares of the company's stock, valued at approximately $228,251.34. This trade represents a 94.74 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,651,987 shares of company stock valued at $132,806,233. 19.95% of the stock is owned by company insiders.

Robinhood Markets Trading Up 1.0 %

NASDAQ HOOD traded up $0.42 on Tuesday, hitting $44.56. 17,627,899 shares of the company's stock traded hands, compared to its average volume of 39,451,668. The firm's 50-day moving average price is $46.25 and its two-hundred day moving average price is $39.76. The firm has a market capitalization of $39.46 billion, a PE ratio of 28.38, a P/E/G ratio of 1.05 and a beta of 2.17. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. On average, research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

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.