Park Avenue Securities LLC Has $2.63 Million Stock Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Park Avenue Securities LLC raised its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 62.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 63,272 shares of the company’s stock after acquiring an additional 24,441 shares during the period. Park Avenue Securities LLC’s holdings in Robinhood Markets were worth $2,633,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Robinhood Markets by 184.8% in the fourth quarter. FMR LLC now owns 40,237,478 shares of the company’s stock valued at $1,499,248,000 after purchasing an additional 26,107,934 shares during the last quarter. Norges Bank acquired a new position in Robinhood Markets during the fourth quarter worth $329,598,000. GQG Partners LLC bought a new position in Robinhood Markets in the fourth quarter valued at $302,325,000. Artisan Partners Limited Partnership acquired a new stake in Robinhood Markets in the 4th quarter valued at $152,949,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Robinhood Markets by 335.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company’s stock worth $193,202,000 after buying an additional 3,994,745 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insider Buying and Selling

In other news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $43.36, for a total transaction of $253,786.08. Following the completion of the sale, the chief technology officer now owns 11,706 shares of the company’s stock, valued at approximately $507,572.16. This trade represents a 33.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,232,636 shares of company stock valued at $111,898,793. Insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $73.40 on Tuesday. Robinhood Markets, Inc. has a 52 week low of $13.98 and a 52 week high of $77.80. The company has a market capitalization of $64.99 billion, a price-to-earnings ratio of 46.75, a PEG ratio of 1.05 and a beta of 2.25. The company has a 50-day simple moving average of $53.19 and a 200 day simple moving average of $47.80.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data 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 firm had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The company’s revenue was up 50.0% on a year-over-year basis. Sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HOOD. The Goldman Sachs Group raised their price objective on Robinhood Markets from $56.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft boosted their price target on Robinhood Markets from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday. Barclays dropped their price objective on Robinhood Markets from $76.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. JMP Securities reissued a “market outperform” rating and issued a $70.00 target price on shares of Robinhood Markets in a research note on Thursday, May 1st. Finally, Redburn Atlantic restated a “sell” rating and set a $48.00 target price (up from $40.00) on shares of Robinhood Markets in a report on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $56.17.

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.