Bank of Hawaii Takes Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Bank of Hawaii bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,062 shares of the company's stock, valued at approximately $561,000.

A number of other hedge funds also recently made changes to their positions in HOOD. Captrust Financial Advisors lifted its stake in Robinhood Markets by 31.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,942 shares of the company's stock worth $444,000 after acquiring an additional 4,487 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Robinhood Markets by 45.6% during the 3rd quarter. Quantinno Capital Management LP now owns 37,867 shares of the company's stock valued at $887,000 after purchasing an additional 11,859 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Robinhood Markets by 58.0% during the 3rd quarter. MML Investors Services LLC now owns 51,839 shares of the company's stock valued at $1,214,000 after acquiring an additional 19,027 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Robinhood Markets by 12.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 154,100 shares of the company's stock valued at $3,609,000 after purchasing an additional 17,200 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in Robinhood Markets by 15.5% during the third quarter. Public Employees Retirement System of Ohio now owns 303,629 shares of the company's stock valued at $7,111,000 after acquiring an additional 40,647 shares during the period. Institutional investors own 93.27% of the company's stock.

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Insiders Place Their Bets

In other news, CEO Vladimir Tenev sold 500,000 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $50.77, for a total transaction of $25,385,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $34.51, for a total value of $201,987.03. Following the completion of the transaction, the chief technology officer now owns 5,853 shares in the company, valued at $201,987.03. The trade was a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,651,987 shares of company stock worth $132,806,233 in the last quarter. Corporate insiders own 19.95% of the company's stock.

Robinhood Markets Stock Performance

HOOD traded up $0.34 on Tuesday, reaching $44.48. The company had a trading volume of 18,281,897 shares, compared to its average volume of 23,895,501. The company's fifty day moving average is $46.25 and its 200 day moving average is $39.76. The stock has a market cap of $39.39 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.05 and a beta of 2.17. 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 - Get Free Report) last announced its 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 net margin of 47.81% and a return on equity of 13.53%. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Piper Sandler lifted their price target on Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Raymond James assumed coverage on shares of Robinhood Markets in a research report on Wednesday, February 5th. They set a "market perform" rating for the company. KeyCorp lifted their target price on Robinhood Markets from $57.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Needham & Company LLC cut their price target on Robinhood Markets from $70.00 to $62.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, JMP Securities reduced their target price on Robinhood Markets from $77.00 to $70.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $55.06.

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.