Maryland State Retirement & Pension System Has $1.37 Million Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Maryland State Retirement & Pension System decreased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,757 shares of the company’s stock after selling 1,379 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Robinhood Markets were worth $1,370,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in HOOD. Victory Capital Management Inc. grew its holdings in shares of Robinhood Markets by 85.3% in the 3rd quarter. Victory Capital Management Inc. now owns 117,383 shares of the company’s stock worth $2,749,000 after purchasing an additional 54,046 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Robinhood Markets by 44.0% in the 3rd quarter. Natixis Advisors LLC now owns 33,980 shares of the company’s stock worth $796,000 after purchasing an additional 10,376 shares during the last quarter. Quest Partners LLC grew its holdings in shares of Robinhood Markets by 1,008.4% in the 3rd quarter. Quest Partners LLC now owns 15,086 shares of the company’s stock worth $353,000 after purchasing an additional 13,725 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Robinhood Markets in the 3rd quarter worth about $365,000. Finally, Commerce Bank grew its holdings in shares of Robinhood Markets by 3.3% in the 3rd quarter. Commerce Bank now owns 13,245 shares of the company’s stock worth $310,000 after purchasing an additional 423 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $44.36 on Friday. The company has a market capitalization of $39.28 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 1.05 and a beta of 2.14. The firm’s 50 day simple moving average is $49.04 and its 200 day simple moving average is $37.28. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share for the quarter, beating 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%. Equities research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HOOD shares. Wolfe Research lowered shares of Robinhood Markets from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Robinhood Markets from $75.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. JMP Securities increased their price objective on shares of Robinhood Markets from $60.00 to $77.00 and gave the stock a “market outperform” rating in a report on Thursday, February 13th. Morgan Stanley increased their price objective on shares of Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, Needham & Company LLC increased their price objective on shares of Robinhood Markets from $52.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.29.

Insider Activity at Robinhood Markets

In related news, Director Baiju Bhatt sold 228,645 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $40.37, for a total value of $9,230,398.65. Following the sale, the director now directly owns 5,042 shares in the company, valued at $203,545.54. This trade represents a 97.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The disclosure for this sale can be found here. Insiders have sold 2,979,251 shares of company stock worth $142,232,560 in the last ninety days. Company insiders own 19.95% of the company’s stock.

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.