New York State Common Retirement Fund Sells 65,464 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

New York State Common Retirement Fund lowered its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 500,900 shares of the company's stock after selling 65,464 shares during the period. New York State Common Retirement Fund owned about 0.06% of Robinhood Markets worth $6,381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HOOD. Peoples Bank KS acquired a new position in shares of Robinhood Markets during the 3rd quarter worth $29,000. UniSuper Management Pty Ltd purchased a new position in shares of Robinhood Markets during the 3rd quarter worth approximately $30,000. Whittier Trust Co. raised its position in shares of Robinhood Markets by 100.0% during the 4th quarter. Whittier Trust Co. now owns 4,634 shares of the company's stock worth $59,000 after purchasing an additional 2,317 shares during the last quarter. Financial Connections Group Inc. purchased a new stake in Robinhood Markets in the 4th quarter valued at approximately $89,000. Finally, International Assets Investment Management LLC increased its position in Robinhood Markets by 1,174.1% during the fourth quarter. International Assets Investment Management LLC now owns 7,326 shares of the company's stock worth $93,000 after buying an additional 6,751 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 25,049 shares of the business's stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $17.04, for a total transaction of $426,834.96. Following the completion of the transaction, the chief executive officer now directly owns 32,584 shares in the company, valued at $555,231.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of Robinhood Markets stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $10.61, for a total transaction of $132,625.00. Following the sale, the insider now directly owns 738,291 shares in the company, valued at $7,833,267.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vladimir Tenev sold 25,049 shares of the business's stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $17.04, for a total transaction of $426,834.96. Following the sale, the chief executive officer now owns 32,584 shares in the company, valued at $555,231.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,413,026 shares of company stock worth $37,007,017. Insiders own 20.81% of the company's stock.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD traded up $0.34 during trading on Friday, reaching $17.95. The stock had a trading volume of 9,478,765 shares, compared to its average volume of 9,134,183. The stock has a market cap of $15.70 billion, a PE ratio of -29.92 and a beta of 1.74. The firm's 50 day moving average price is $17.70 and its two-hundred day moving average price is $13.19. Robinhood Markets, Inc. has a one year low of $7.91 and a one year high of $20.55.

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

Analyst Ratings Changes

A number of analysts recently commented on HOOD shares. Citigroup cut Robinhood Markets from a "neutral" rating to a "sell" rating and lifted their price objective for the stock from $13.00 to $16.00 in a research report on Thursday, April 11th. Barclays raised their target price on shares of Robinhood Markets from $11.00 to $16.00 and gave the stock an "underweight" rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft increased their target price on Robinhood Markets from $12.00 to $16.00 and gave the stock a "hold" rating in a research report on Tuesday, March 19th. JPMorgan Chase & Co. lifted their price target on Robinhood Markets from $10.00 to $12.00 and gave the company an "underweight" rating in a report on Wednesday, February 14th. Finally, Morgan Stanley boosted their price objective on shares of Robinhood Markets from $11.00 to $18.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $18.88.

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.