Temasek Holdings Private Ltd bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,444,759 shares of the company's stock, valued at approximately $53,832,000. Temasek Holdings Private Ltd owned about 0.16% of Robinhood Markets at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of HOOD. FMR LLC boosted its holdings in shares of Robinhood Markets by 184.8% during the 4th quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after acquiring an additional 26,107,934 shares in the last quarter. Newlands Management Operations LLC boosted its holdings in Robinhood Markets by 1.1% in the fourth quarter. Newlands Management Operations LLC now owns 24,158,860 shares of the company's stock valued at $900,159,000 after acquiring an additional 273,860 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Robinhood Markets by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 12,175,972 shares of the company's stock valued at $455,464,000 after acquiring an additional 555,299 shares during the last quarter. Renaissance Technologies LLC increased its position in Robinhood Markets by 34.4% during the 4th quarter. Renaissance Technologies LLC now owns 12,078,116 shares of the company's stock valued at $450,031,000 after purchasing an additional 3,091,514 shares during the period. Finally, Norges Bank bought a new position in Robinhood Markets during the 4th quarter worth approximately $329,598,000. Institutional investors and hedge funds own 93.27% of the company's stock.
Robinhood Markets Stock Performance
Shares of HOOD stock traded up $1.53 on Thursday, hitting $65.39. 18,497,307 shares of the company's stock traded hands, compared to its average volume of 26,393,252. The stock has a market capitalization of $57.90 billion, a price-to-earnings ratio of 41.62, a P/E/G ratio of 1.05 and a beta of 2.15. The company's fifty day simple moving average is $46.85 and its 200 day simple moving average is $44.35. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The company had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. Robinhood Markets's revenue was up 50.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on HOOD shares. Barclays lowered their price objective on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Mizuho lifted their price objective on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, February 7th. The Goldman Sachs Group upped their price target on Robinhood Markets from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Morgan Stanley lifted their target price on shares of Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Finally, Cantor Fitzgerald cut their price target on shares of Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Robinhood Markets has an average rating of "Moderate Buy" and a consensus target price of $55.41.
View Our Latest Stock Report on HOOD
Insider Transactions at Robinhood Markets
In other news, Director Baiju Bhatt sold 223,528 shares of Robinhood Markets stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $43.21, for a total value of $9,658,644.88. Following the sale, the director now directly owns 5,042 shares in the company, valued at approximately $217,864.82. This trade represents a 97.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $34.51, for a total value of $201,987.03. Following the transaction, the chief technology officer now directly owns 5,853 shares in the company, valued at $201,987.03. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,897,622 shares of company stock worth $86,956,156. Insiders own 14.47% of the company's stock.
About Robinhood Markets
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Free Report)
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.
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