Robinhood Markets, Inc. (NASDAQ:HOOD) Holdings Lowered by Public Sector Pension Investment Board

Public Sector Pension Investment Board lowered its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,440 shares of the company’s stock after selling 400 shares during the quarter. Public Sector Pension Investment Board’s holdings in Robinhood Markets were worth $1,603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. HM Payson & Co. increased its position in shares of Robinhood Markets by 53.5% in the third quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock worth $28,000 after acquiring an additional 410 shares in the last quarter. Eastern Bank purchased a new position in Robinhood Markets during the 3rd quarter worth approximately $30,000. ORG Wealth Partners LLC acquired a new stake in Robinhood Markets during the 3rd quarter valued at $33,000. ORG Partners LLC purchased a new stake in shares of Robinhood Markets in the second quarter valued at $33,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Robinhood Markets in the second quarter worth $40,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $38.22, for a total value of $477,750.00. Following the transaction, the insider now directly owns 1,106,955 shares of the company’s stock, valued at $42,307,820.10. The trade was a 1.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven M. Quirk sold 19,861 shares of the stock in a transaction that occurred on Sunday, December 1st. The shares were sold at an average price of $37.54, for a total value of $745,581.94. Following the completion of the sale, the insider now directly owns 395,166 shares of the company’s stock, valued at $14,834,531.64. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,455,410 shares of company stock worth $111,119,901. 19.95% of the stock is owned by insiders.

Robinhood Markets Stock Performance

HOOD opened at $38.92 on Friday. The company has a market cap of $34.40 billion, a PE ratio of 65.97, a price-to-earnings-growth ratio of 0.90 and a beta of 2.09. The stock has a 50-day moving average of $29.40 and a 200-day moving average of $24.09. Robinhood Markets, Inc. has a 52-week low of $10.38 and a 52-week high of $42.76.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $660.53 million. During the same period in the previous year, the company earned ($0.09) EPS. The firm’s revenue for the quarter was up 36.4% compared to the same quarter last year. On average, research analysts predict that Robinhood Markets, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

HOOD has been the topic of several recent analyst reports. Barclays upped their price target on Robinhood Markets from $23.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Keefe, Bruyette & Woods decreased their price target on shares of Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Morgan Stanley raised shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $24.00 to $55.00 in a research report on Monday, November 25th. Piper Sandler increased their target price on shares of Robinhood Markets from $36.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Citigroup boosted their price target on shares of Robinhood Markets from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.

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.