Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 17.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 609,417 shares of the company's stock after buying an additional 89,632 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Robinhood Markets worth $25,199,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of HOOD. New Wave Wealth Advisors LLC acquired a new position in shares of Robinhood Markets in the 4th quarter worth approximately $26,000. True Wealth Design LLC bought a new position in Robinhood Markets in the 3rd quarter valued at $30,000. Creative Financial Designs Inc. ADV boosted its stake in Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after purchasing an additional 750 shares in the last quarter. Silicon Valley Capital Partners bought a new stake in shares of Robinhood Markets during the fourth quarter worth $37,000. Finally, Bogart Wealth LLC acquired a new stake in shares of Robinhood Markets in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 93.27% of the company's stock.
Insider Activity
In other Robinhood Markets news, CEO Vladimir Tenev sold 500,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $50.77, for a total value of $25,385,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total transaction of $273,978.93. Following the transaction, the chief technology officer now owns 17,559 shares in the company, valued at $821,936.79. This represents a 25.00 % 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 worth $145,172,448 in the last quarter. Corporate insiders own 19.95% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on HOOD shares. Piper Sandler increased their price objective on shares of Robinhood Markets from $54.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Citigroup cut their target price on Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday. Barclays upped their price target on Robinhood Markets from $54.00 to $76.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $60.00 price objective on shares of Robinhood Markets in a research note on Thursday, March 27th. Finally, Cantor Fitzgerald started coverage on shares of Robinhood Markets in a research note on Thursday, March 6th. They issued an "overweight" rating and a $69.00 target price for the company. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $60.24.
View Our Latest Stock Report on Robinhood Markets
Robinhood Markets Stock Performance
NASDAQ HOOD traded down $4.42 during trading on Thursday, hitting $38.26. The stock had a trading volume of 62,064,770 shares, compared to its average volume of 22,328,489. Robinhood Markets, Inc. has a 12 month low of $13.98 and a 12 month high of $66.91. The company's 50-day moving average price is $48.49 and its two-hundred day moving average price is $38.62. The company has a market capitalization of $33.88 billion, a PE ratio of 24.37, a P/E/G ratio of 1.05 and a beta of 2.14.
Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.
Robinhood Markets Profile
(
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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