Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 3,500 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 2.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 134,300 shares of the company’s stock after buying an additional 3,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Robinhood Markets were worth $5,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of HOOD. Toronto Dominion Bank raised its position in shares of Robinhood Markets by 31.1% during the third quarter. Toronto Dominion Bank now owns 68,408 shares of the company’s stock valued at $1,602,000 after buying an additional 16,219 shares during the last quarter. Everence Capital Management Inc. bought a new position in Robinhood Markets during the fourth quarter valued at about $634,000. Atomi Financial Group Inc. raised its holdings in Robinhood Markets by 20.7% in the 4th quarter. Atomi Financial Group Inc. now owns 540,910 shares of the company’s stock valued at $20,154,000 after acquiring an additional 92,613 shares in the last quarter. Requisite Capital Management LLC bought a new stake in shares of Robinhood Markets in the 4th quarter worth approximately $266,000. Finally, Baker Avenue Asset Management LP grew its holdings in shares of Robinhood Markets by 77.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 464,306 shares of the company’s stock worth $10,874,000 after purchasing an additional 203,354 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on HOOD. Barclays upped their target price on Robinhood Markets from $54.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Piper Sandler increased their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. KeyCorp lifted their target price on shares of Robinhood Markets from $57.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. JMP Securities upped their target price on shares of Robinhood Markets from $60.00 to $77.00 and gave the company a “market outperform” rating in a research note on Thursday, February 13th. Finally, Mizuho raised their price target on shares of Robinhood Markets from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.53.

Robinhood Markets Stock Performance

Shares of HOOD opened at $45.92 on Wednesday. The company has a market cap of $40.59 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 1.05 and a beta of 2.13. The stock has a fifty day moving average price of $47.64 and a two-hundred day moving average price of $34.46. Robinhood Markets, Inc. has a 52-week low of $13.98 and a 52-week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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, research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of Robinhood Markets stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $37.51, for a total value of $11,253,000.00. Following the completion of the sale, the insider now directly owns 806,955 shares of the company’s stock, valued at approximately $30,268,882.05. This trade represents a 27.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Meyer Malka sold 1,535,681 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $40.11, for a total value of $61,596,164.91. Following the sale, the director now owns 4,974,238 shares of the company’s stock, valued at approximately $199,516,686.18. The trade was a 23.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,643,879 shares of company stock valued at $207,663,007. Insiders own 19.95% of the company’s stock.

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.