New York State Common Retirement Fund Has $14.47 Million Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

New York State Common Retirement Fund reduced its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 388,282 shares of the company’s stock after selling 18,500 shares during the period. New York State Common Retirement Fund’s holdings in Robinhood Markets were worth $14,467,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HOOD. New Wave Wealth Advisors LLC acquired a new position in Robinhood Markets in the fourth quarter valued at approximately $26,000. HM Payson & Co. raised its position in shares of Robinhood Markets by 53.5% during the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after acquiring an additional 410 shares during the last quarter. Eastern Bank acquired a new position in shares of Robinhood Markets in the 3rd quarter valued at $30,000. True Wealth Design LLC bought a new position in shares of Robinhood Markets in the 3rd quarter worth $30,000. Finally, Silicon Valley Capital Partners acquired a new stake in shares of Robinhood Markets during the fourth quarter worth $37,000. Institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on HOOD shares. Sanford C. Bernstein raised their target price on Robinhood Markets from $30.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Mizuho lifted their price objective 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. KeyCorp boosted their price objective on shares of Robinhood Markets from $57.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on shares of Robinhood Markets from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group raised shares of Robinhood Markets from a “neutral” rating to a “buy” rating and boosted their price target for the company from $40.00 to $46.00 in a report on Friday, December 6th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus target price of $59.53.

Insiders Place Their Bets

In other Robinhood Markets news, Director Baiju Bhatt sold 186,514 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $38.13, for a total transaction of $7,111,778.82. Following the transaction, the director now owns 2,521 shares of the company’s stock, valued at $96,125.73. The trade was a 98.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Martin Gallagher, Jr. sold 300,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were 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. The trade was a 27.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,520,607 shares of company stock valued at $200,784,430 in the last three months. 19.95% of the stock is currently owned by corporate insiders.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $51.60 on Monday. The stock has a 50-day simple moving average of $47.42 and a 200 day simple moving average of $34.03. Robinhood Markets, Inc. has a 52-week low of $13.59 and a 52-week high of $66.91. The company has a market cap of $45.61 billion, a PE ratio of 32.87, a PEG ratio of 1.05 and a beta of 2.13.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. On average, research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal 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.