Tredje AP fonden Acquires 155,000 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Tredje AP fonden increased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 124.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 280,000 shares of the company's stock after purchasing an additional 155,000 shares during the period. Tredje AP fonden's holdings in Robinhood Markets were worth $10,433,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Vestcor Inc increased its position in Robinhood Markets by 43.6% in the fourth quarter. Vestcor Inc now owns 10,425 shares of the company's stock worth $388,000 after purchasing an additional 3,164 shares during the last quarter. Rakuten Securities Inc. increased its position in Robinhood Markets by 752.3% in the fourth quarter. Rakuten Securities Inc. now owns 21,862 shares of the company's stock worth $815,000 after purchasing an additional 19,297 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Robinhood Markets by 20.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 19,121 shares of the company's stock worth $712,000 after purchasing an additional 3,216 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Robinhood Markets by 177.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the company's stock worth $52,000 after purchasing an additional 899 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in Robinhood Markets in the fourth quarter worth $226,000. Institutional investors own 93.27% of the company's stock.

Insider Activity

In other news, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total value of $29,370,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Baiju Bhatt sold 522,180 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $62.70, for a total transaction of $32,740,686.00. Following the completion of the sale, the director now owns 5,042 shares in the company, valued at $316,133.40. This represents a 99.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,985,127 shares of company stock worth $142,455,378. Corporate insiders own 19.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HOOD shares. Citigroup boosted their price objective on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. JMP Securities boosted their price objective on shares of Robinhood Markets from $60.00 to $77.00 and gave the company a "market outperform" rating in a research report on Thursday, February 13th. Needham & Company LLC boosted their price objective on shares of Robinhood Markets from $52.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Sanford C. Bernstein boosted their price objective on shares of Robinhood Markets from $30.00 to $51.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Finally, Piper Sandler boosted their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.31.

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Robinhood Markets Price Performance

NASDAQ:HOOD opened at $36.02 on Friday. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91. The company has a 50-day moving average of $48.93 and a 200 day moving average of $36.26. The firm has a market cap of $31.89 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.05 and a beta of 2.14.

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

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