OMERS ADMINISTRATION Corp Increases Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

OMERS ADMINISTRATION Corp raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 26.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,647 shares of the company’s stock after purchasing an additional 3,640 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Robinhood Markets were worth $658,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new stake in Robinhood Markets in the 4th quarter valued at approximately $26,000. CoreCap Advisors LLC boosted its holdings in Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company’s stock valued at $31,000 after purchasing an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Robinhood Markets by 750.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock valued at $32,000 after purchasing an additional 750 shares in the last quarter. Colonial Trust Co SC purchased a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $34,000. Finally, Silicon Valley Capital Partners purchased a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HOOD. JPMorgan Chase & Co. boosted their price target on Robinhood Markets from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $60.00 price target on shares of Robinhood Markets in a research note on Thursday, March 27th. Citigroup decreased their price target on Robinhood Markets from $60.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Morgan Stanley boosted their price target on Robinhood Markets from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Robinhood Markets from $54.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and an average target price of $55.41.

Robinhood Markets Stock Performance

Shares of HOOD opened at $61.76 on Friday. The stock has a fifty day moving average of $45.27 and a two-hundred day moving average of $43.65. The company has a market capitalization of $54.69 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. Robinhood Markets, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $66.91.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The company’s revenue was up 50.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. As a group, equities research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other news, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $41.96, for a total transaction of $31,470,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 50,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $60.77, for a total value of $3,038,500.00. Following the sale, the insider now owns 706,642 shares of the company’s stock, valued at approximately $42,942,634.34. The trade was a 6.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,947,622 shares of company stock worth $89,994,656. Insiders own 14.47% of the company’s stock.

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.