New York State Common Retirement Fund Has $16.58 Million Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

New York State Common Retirement Fund boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 398,282 shares of the company's stock after acquiring an additional 10,000 shares during the quarter. New York State Common Retirement Fund's holdings in Robinhood Markets were worth $16,576,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HOOD. Whipplewood Advisors LLC increased its position in shares of Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after purchasing an additional 508 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Robinhood Markets during the 1st quarter valued at $30,000. CoreCap Advisors LLC increased its position in shares of Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after purchasing an additional 550 shares during the period. Creative Financial Designs Inc. ADV increased its position in shares of Robinhood Markets by 750.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares during the period. Finally, Colonial Trust Co SC acquired a new position in shares of Robinhood Markets during the 4th quarter valued at $34,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HOOD shares. JMP Securities lifted their price target on Robinhood Markets from $70.00 to $125.00 and gave the company a "market outperform" rating in a research report on Monday. Redburn Atlantic reiterated a "sell" rating and set a $48.00 price target (up from $40.00) on shares of Robinhood Markets in a research report on Monday, June 9th. Deutsche Bank Aktiengesellschaft lifted their price target on Robinhood Markets from $70.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Citigroup raised their price objective on Robinhood Markets from $50.00 to $100.00 and gave the stock a "neutral" rating in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $60.00 price objective on shares of Robinhood Markets in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $85.29.

Insider Activity

In related news, CEO Vladimir Tenev sold 114,175 shares of Robinhood Markets stock in a transaction on Monday, July 14th. The stock was sold at an average price of $101.65, for a total transaction of $11,605,888.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction on Monday, July 7th. The shares were sold at an average price of $93.51, for a total value of $548,342.64. Following the sale, the chief technology officer directly owned 8,908 shares of the company's stock, valued at approximately $832,987.08. The trade was a 39.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,364,145 shares of company stock valued at $181,837,741. 14.47% of the stock is currently owned by company insiders.

Robinhood Markets Stock Up 2.1%

Shares of Robinhood Markets stock traded up $2.20 during midday trading on Thursday, hitting $105.45. The company's stock had a trading volume of 38,903,319 shares, compared to its average volume of 30,743,378. The firm has a market capitalization of $93.37 billion, a P/E ratio of 80.04, a PEG ratio of 5.26 and a beta of 2.36. The stock has a 50-day simple moving average of $76.60 and a 200-day simple moving average of $56.58. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $106.62.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The business's quarterly revenue was up 50.0% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

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.