Meiji Yasuda Asset Management Co Ltd. Invests $257,000 in Robinhood Markets, Inc. (NASDAQ:HOOD)

Meiji Yasuda Asset Management Co Ltd. purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,900 shares of the company's stock, valued at approximately $257,000.

Other institutional investors have also added to or reduced their stakes in the company. Keystone Investors PTE Ltd. purchased a new stake in Robinhood Markets in the fourth quarter worth about $322,000. Ashton Thomas Securities LLC bought a new position in shares of Robinhood Markets during the 4th quarter valued at approximately $218,000. GQG Partners LLC purchased a new stake in Robinhood Markets in the 4th quarter worth approximately $302,325,000. Modern Wealth Management LLC bought a new stake in Robinhood Markets during the 4th quarter worth approximately $225,000. Finally, Prudential Financial Inc. lifted its holdings in Robinhood Markets by 1,713.3% during the fourth quarter. Prudential Financial Inc. now owns 647,219 shares of the company's stock valued at $24,115,000 after purchasing an additional 611,526 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HOOD has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Robinhood Markets from $75.00 to $61.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Citigroup increased their target price on shares of Robinhood Markets from $45.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Needham & Company LLC dropped their price target on shares of Robinhood Markets from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Friday. KeyCorp increased their price objective on shares of Robinhood Markets from $57.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $60.00 target price on shares of Robinhood Markets in a research report on Thursday, March 27th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.82.

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Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total transaction of $29,370,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 47,023 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $46.37, for a total value of $2,180,456.51. Following the completion of the sale, the director now owns 5,042 shares of the company's stock, valued at approximately $233,797.54. The trade was a 90.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,955,655 shares of company stock valued at $143,072,448 over the last quarter. 19.95% of the stock is currently owned by insiders.

Robinhood Markets Trading Down 0.3 %

Shares of HOOD stock traded down $0.15 during mid-day trading on Tuesday, reaching $41.48. The stock had a trading volume of 7,327,375 shares, compared to its average volume of 21,843,231. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $66.91. The firm has a market cap of $36.72 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 1.05 and a beta of 2.14. The business's fifty day moving average is $49.03 and its 200-day moving average is $38.46.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. On average, analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

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.