Strs Ohio Purchases New Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Strs Ohio acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 58,921 shares of the company’s stock, valued at approximately $750,000.

Several other institutional investors have also added to or reduced their stakes in HOOD. Sumitomo Mitsui Trust Holdings Inc. raised its position in Robinhood Markets by 9.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 29,205,693 shares of the company’s stock valued at $372,081,000 after purchasing an additional 2,517,012 shares in the last quarter. Vanguard Group Inc. raised its position in Robinhood Markets by 4.5% during the third quarter. Vanguard Group Inc. now owns 57,261,184 shares of the company’s stock valued at $561,732,000 after purchasing an additional 2,459,702 shares in the last quarter. ARK Investment Management LLC raised its position in Robinhood Markets by 6.4% during the fourth quarter. ARK Investment Management LLC now owns 34,936,204 shares of the company’s stock valued at $445,087,000 after purchasing an additional 2,101,325 shares in the last quarter. Kettle Hill Capital Management LLC raised its position in Robinhood Markets by 84.2% during the third quarter. Kettle Hill Capital Management LLC now owns 2,202,519 shares of the company’s stock valued at $21,607,000 after purchasing an additional 1,006,569 shares in the last quarter. Finally, Northern Trust Corp raised its position in Robinhood Markets by 37.5% during the third quarter. Northern Trust Corp now owns 3,099,424 shares of the company’s stock valued at $30,405,000 after purchasing an additional 845,178 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Stock Down 1.1 %

NASDAQ HOOD opened at $17.12 on Friday. The company has a market capitalization of $14.97 billion, a price-to-earnings ratio of -28.53 and a beta of 1.69. Robinhood Markets, Inc. has a twelve month low of $7.91 and a twelve month high of $20.55. The stock has a fifty day simple moving average of $17.31 and a 200 day simple moving average of $12.87.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $471.00 million during the quarter, compared to the consensus estimate of $454.73 million. Robinhood Markets had a negative return on equity of 7.87% and a negative net margin of 29.01%. Robinhood Markets’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.19) earnings per share. Research analysts expect that Robinhood Markets, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HOOD has been the subject of several research analyst reports. Piper Sandler boosted their price objective on shares of Robinhood Markets from $12.50 to $17.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Robinhood Markets from $12.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, March 19th. Mizuho upped their price target on shares of Robinhood Markets from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Sanford C. Bernstein initiated coverage on shares of Robinhood Markets in a report on Thursday, March 14th. They set an “outperform” rating and a $30.00 price target for the company. Finally, JMP Securities upped their price target on shares of Robinhood Markets from $25.00 to $28.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.88.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Baiju Bhatt sold 188,077 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $13.57, for a total transaction of $2,552,204.89. Following the sale, the insider now owns 36,045 shares of the company’s stock, valued at $489,130.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Robinhood Markets news, insider Baiju Bhatt sold 188,077 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $13.57, for a total transaction of $2,552,204.89. Following the sale, the insider now owns 36,045 shares of the company’s stock, valued at $489,130.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason Warnick sold 5,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $19.59, for a total transaction of $97,950.00. Following the sale, the chief financial officer now directly owns 1,002,407 shares in the company, valued at approximately $19,637,153.13. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,382,977 shares of company stock valued at $36,496,582. 20.81% of the stock is currently owned by insiders.

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.