Robinhood Markets, Inc. (NASDAQ:HOOD) Stock Holdings Boosted by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 134,300 shares of the company’s stock after buying an additional 3,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Robinhood Markets were worth $5,004,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. New Wave Wealth Advisors LLC bought a new stake in Robinhood Markets in the fourth quarter worth about $26,000. HM Payson & Co. grew its stake in shares of Robinhood Markets by 53.5% in the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after purchasing an additional 410 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Robinhood Markets in the 3rd quarter worth approximately $30,000. Silicon Valley Capital Partners acquired a new stake in Robinhood Markets during the fourth quarter valued at approximately $37,000. Finally, Bogart Wealth LLC acquired a new stake in Robinhood Markets during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Activity at Robinhood Markets

In other news, insider Steven M. Quirk sold 19,861 shares of the firm’s stock in a transaction on Sunday, December 1st. The shares were sold at an average price of $37.54, for a total transaction of $745,581.94. Following the transaction, the insider now owns 395,166 shares in the company, valued at approximately $14,834,531.64. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Baiju Bhatt sold 186,514 shares of Robinhood Markets stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $38.13, for a total transaction of $7,111,778.82. Following the completion of the sale, the director now directly owns 2,521 shares of the company’s stock, valued at approximately $96,125.73. The trade was a 98.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,643,879 shares of company stock valued at $207,663,007. 19.95% of the stock is owned by corporate insiders.

Robinhood Markets Stock Down 8.0 %

Robinhood Markets stock opened at $45.92 on Wednesday. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91. The stock has a market cap of $40.59 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.05 and a beta of 2.13. The company’s fifty day simple moving average is $47.64 and its 200-day simple moving average is $34.46.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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, equities research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HOOD has been the topic of several research reports. Citigroup upped their price target on Robinhood Markets from $45.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Barclays boosted their target price on Robinhood Markets from $54.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods increased their price target on Robinhood Markets from $38.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. KeyCorp boosted their price objective on Robinhood Markets from $57.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.53.

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.