Forsta AP Fonden Has $2.31 Million Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Forsta AP Fonden boosted its position in Robinhood Markets, Inc. (NASDAQ:HOODGet Rating) by 20.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 281,200 shares of the company’s stock after buying an additional 47,800 shares during the period. Forsta AP Fonden’s holdings in Robinhood Markets were worth $2,311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Robinhood Markets by 7,430.5% in the first quarter. Vanguard Group Inc. now owns 40,217,187 shares of the company’s stock valued at $543,334,000 after purchasing an additional 39,683,128 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Robinhood Markets in the second quarter valued at $192,352,000. Nikko Asset Management Americas Inc. increased its stake in Robinhood Markets by 58.0% in the first quarter. Nikko Asset Management Americas Inc. now owns 22,925,406 shares of the company’s stock valued at $313,203,000 after purchasing an additional 8,412,905 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Robinhood Markets in the first quarter valued at $52,986,000. Finally, ARK Investment Management LLC increased its stake in Robinhood Markets by 10.6% in the second quarter. ARK Investment Management LLC now owns 33,556,789 shares of the company’s stock valued at $337,581,000 after purchasing an additional 3,203,476 shares in the last quarter. Institutional investors and hedge funds own 57.95% of the company’s stock.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $9.19 on Monday. Robinhood Markets, Inc. has a fifty-two week low of $6.81 and a fifty-two week high of $30.80. The stock has a market cap of $8.15 billion, a PE ratio of -1.26 and a beta of 1.01. The firm’s 50-day simple moving average is $10.40 and its 200 day simple moving average is $9.63.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HOOD shares. KeyCorp lifted their price target on shares of Robinhood Markets from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Thursday, November 3rd. Mizuho boosted their target price on shares of Robinhood Markets from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, November 4th. Barclays boosted their target price on shares of Robinhood Markets from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Monday, October 10th. Atlantic Securities boosted their target price on shares of Robinhood Markets from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 31st. Finally, The Goldman Sachs Group boosted their target price on shares of Robinhood Markets from $11.50 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, November 3rd. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Robinhood Markets has a consensus rating of “Hold” and a consensus price target of $13.36.

Insider Buying and Selling

In other Robinhood Markets news, insider Baiju Bhatt sold 29,366 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $11.63, for a total value of $341,526.58. Following the transaction, the insider now directly owns 399,032 shares in the company, valued at $4,640,742.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Robinhood Markets news, CEO Vladimir Tenev sold 29,368 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $11.63, for a total value of $341,549.84. Following the transaction, the chief executive officer now directly owns 1,411,270 shares in the company, valued at $16,413,070.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Baiju Bhatt sold 29,366 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $11.63, for a total transaction of $341,526.58. Following the completion of the transaction, the insider now owns 399,032 shares in the company, valued at $4,640,742.16. The disclosure for this sale can be found here. 15.31% of the stock is owned by corporate insiders.

Robinhood Markets Profile

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Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.

Further Reading

Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOODGet Rating).

Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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