Robinhood Markets, Inc. (NASDAQ:HOOD) is Nikko Asset Management Americas Inc.'s Largest Position

Nikko Asset Management Americas Inc. lessened its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 24.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,513,608 shares of the company's stock after selling 5,392,069 shares during the quarter. Robinhood Markets makes up about 6.7% of Nikko Asset Management Americas Inc.'s portfolio, making the stock its biggest position. Nikko Asset Management Americas Inc. owned about 1.87% of Robinhood Markets worth $615,132,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HOOD. New Wave Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $26,000. True Wealth Design LLC bought a new stake in Robinhood Markets during the third quarter worth $30,000. Creative Financial Designs Inc. ADV lifted 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 valued at $32,000 after acquiring an additional 750 shares during the last quarter. Silicon Valley Capital Partners bought a new position in shares of Robinhood Markets in the 4th quarter valued at about $37,000. Finally, Bogart Wealth LLC acquired a new position in shares of Robinhood Markets during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Stock Down 4.5 %

NASDAQ:HOOD traded down $1.87 during trading hours on Tuesday, reaching $40.15. The company had a trading volume of 42,557,274 shares, compared to its average volume of 20,615,036. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $66.91. The firm has a market cap of $35.55 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 1.05 and a beta of 2.14. The business's 50-day simple moving average is $48.87 and its two-hundred day simple moving average is $36.76.

Remove Ads

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 the consensus estimate of $0.41 by $0.13. Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. As a group, equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Activity

In other Robinhood Markets news, insider Steven M. Quirk sold 123,272 shares of Robinhood Markets stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $55.80, for a total transaction of $6,878,577.60. Following the transaction, the insider now owns 298,826 shares of the company's stock, valued at $16,674,490.80. This trade represents a 29.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $39.16, for a total value of $29,370,000.00. The disclosure for this sale can be found here. Insiders sold 2,985,127 shares of company stock worth $142,455,378 over the last three months. 19.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HOOD shares. Barclays raised their price target on Robinhood Markets from $54.00 to $76.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Mizuho increased their price target on Robinhood Markets from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. JMP Securities raised their target price on shares of Robinhood Markets from $60.00 to $77.00 and gave the company a "market outperform" rating in a report on Thursday, February 13th. Citigroup boosted their price target on Robinhood Markets from $45.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Robinhood Markets from $38.00 to $60.00 and gave the company a "market perform" rating in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.31.

Robinhood Markets Company 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.