National Pension Service Increases Position in Robinhood Markets, Inc. $HOOD

National Pension Service boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 76.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,497,121 shares of the company’s stock after purchasing an additional 647,791 shares during the quarter. National Pension Service’s holdings in Robinhood Markets were worth $140,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Hantz Financial Services Inc. increased its holdings in Robinhood Markets by 120.3% in the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock valued at $25,000 after buying an additional 148 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Robinhood Markets during the 2nd quarter worth approximately $36,000. LGT Financial Advisors LLC purchased a new stake in Robinhood Markets in the 2nd quarter valued at approximately $37,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Robinhood Markets in the second quarter valued at $37,000. Finally, REAP Financial Group LLC raised its stake in Robinhood Markets by 44.1% in the 2nd quarter. REAP Financial Group LLC now owns 523 shares of the company’s stock valued at $49,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total value of $104,797,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Baiju Bhatt sold 1,330,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $128.47, for a total value of $170,865,100.00. The SEC filing for this sale provides additional information. Insiders sold 4,297,404 shares of company stock valued at $529,026,559 over the last three months. Insiders own 14.47% of the company’s stock.

Analysts Set New Price Targets

HOOD has been the topic of several recent analyst reports. Mizuho upped their price objective on shares of Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. JMP Securities raised their target price on shares of Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 9th. Citigroup boosted their price target on Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Barclays raised their price objective on Robinhood Markets from $162.00 to $168.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, KeyCorp upped their price target on shares of Robinhood Markets from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.65.

Robinhood Markets Trading Up 0.8%

Shares of NASDAQ HOOD opened at $132.98 on Thursday. The firm has a market capitalization of $118.18 billion, a PE ratio of 55.18, a PEG ratio of 3.02 and a beta of 2.42. The business has a 50-day moving average price of $132.01 and a two-hundred day moving average price of $101.75. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.41 by $0.20. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted $0.17 earnings per share. The business’s quarterly revenue was up 100.0% on a year-over-year basis. Research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

About Robinhood Markets

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.