Robinhood Markets, Inc. (NASDAQ:HOOD) Position Reduced by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,715 shares of the company’s stock after selling 3,221 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Robinhood Markets were worth $1,629,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HOOD. Cerity Partners LLC lifted its holdings in shares of Robinhood Markets by 32.2% in the third quarter. Cerity Partners LLC now owns 107,629 shares of the company’s stock valued at $2,521,000 after purchasing an additional 26,245 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Robinhood Markets by 7.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 49,910 shares of the company’s stock worth $1,168,000 after acquiring an additional 3,490 shares in the last quarter. FMR LLC boosted its position in Robinhood Markets by 31.3% during the 3rd quarter. FMR LLC now owns 14,129,544 shares of the company’s stock worth $330,914,000 after acquiring an additional 3,368,118 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Robinhood Markets by 8.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,178,669 shares of the company’s stock valued at $51,024,000 after acquiring an additional 177,395 shares in the last quarter. Finally, Vinva Investment Management Ltd increased its holdings in shares of Robinhood Markets by 151.8% in the 3rd quarter. Vinva Investment Management Ltd now owns 83,041 shares of the company’s stock valued at $1,984,000 after purchasing an additional 50,066 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In related news, Director Baiju Bhatt sold 228,645 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 5,042 shares in the company, valued at approximately $203,545.54. This trade represents a 97.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $40.45, for a total value of $4,045,000.00. Following the transaction, the insider now owns 731,642 shares in the company, valued at $29,594,918.90. This represents a 12.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,955,655 shares of company stock valued at $143,072,448 in the last ninety days. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $41.92 on Friday. The stock has a 50-day simple moving average of $49.16 and a 200 day simple moving average of $38.19. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The stock has a market capitalization of $37.12 billion, a PE ratio of 26.70, a P/E/G ratio of 1.05 and a beta of 2.14.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping 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%. As a group, equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on HOOD shares. Compass Point assumed coverage on shares of Robinhood Markets in a research report on Wednesday, March 19th. They set a “buy” rating and a $61.00 price objective on the stock. The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and upped their price target for the stock from $40.00 to $46.00 in a research note on Friday, December 6th. JMP Securities lifted their price objective on Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Citigroup lifted 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. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.82.

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.