Public Employees Retirement System of Ohio Sells 31,178 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Public Employees Retirement System of Ohio decreased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 272,451 shares of the company's stock after selling 31,178 shares during the period. Public Employees Retirement System of Ohio's holdings in Robinhood Markets were worth $10,152,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Robinhood Markets by 601.1% during the fourth quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock worth $164,000 after acquiring an additional 3,769 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Robinhood Markets by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock valued at $175,857,000 after buying an additional 138,267 shares during the last quarter. Aigen Investment Management LP raised its holdings in shares of Robinhood Markets by 161.2% during the fourth quarter. Aigen Investment Management LP now owns 85,868 shares of the company's stock valued at $3,199,000 after buying an additional 52,988 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Robinhood Markets by 19.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,557,301 shares of the company's stock worth $179,463,000 after buying an additional 739,631 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC acquired a new position in shares of Robinhood Markets during the fourth quarter worth approximately $207,000. Institutional investors own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

HOOD has been the topic of several recent analyst reports. Compass Point began coverage on Robinhood Markets in a research note on Wednesday, March 19th. They set a "buy" rating and a $61.00 target price on the stock. Piper Sandler raised their price target on Robinhood Markets from $54.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Citigroup cut their price objective on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Mizuho increased their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, Raymond James began coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They issued a "market perform" rating for the company. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average target price of $55.41.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD traded down $0.88 during trading on Wednesday, hitting $65.14. The company had a trading volume of 17,745,478 shares, compared to its average volume of 26,524,226. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $67.13. The business's 50-day moving average is $48.62 and its 200 day moving average is $45.48. The company has a market cap of $57.68 billion, a P/E ratio of 41.49, a PEG ratio of 1.05 and a beta of 2.15.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The company had revenue of $927.00 million for the quarter, compared to analyst estimates of $917.12 million. During the same period last year, the firm earned $0.18 earnings per share. The firm's revenue for the quarter was up 50.0% on a year-over-year basis. On average, research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total value of $31,470,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven M. Quirk sold 24,311 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $54.93, for a total transaction of $1,335,403.23. Following the completion of the sale, the insider now directly owns 299,349 shares of the company's stock, valued at $16,443,240.57. This trade represents a 7.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,192,688 shares of company stock valued at $107,043,646 over the last three months. 14.47% of the stock is owned by corporate insiders.

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.