Asset Management One Co. Ltd. Has $26.28 Million Position in Robinhood Markets, Inc. $HOOD

Key Points

• Asset Management One Co. Ltd. increased its stake in Robinhood Markets by 21.1%, now holding 280,687 shares worth approximately $26.28 million.
• Wall Street analysts have raised their price targets for Robinhood, with estimates ranging from $96.00 to $170.00, indicating a consensus rating of "Moderate Buy."
• Insider trading activity included CEO Vladimir Tenev selling 750,000 shares for over $104 million, amidst a total of 5.17 million shares sold by insiders in the last quarter.

Asset Management One Co. Ltd. boosted its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 21.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,687 shares of the company's stock after purchasing an additional 48,966 shares during the period. Asset Management One Co. Ltd.'s holdings in Robinhood Markets were worth $26,281,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Robinhood Markets by 8.6% in the first quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company's stock valued at $3,089,914,000 after buying an additional 5,874,701 shares during the period. WCM Investment Management LLC increased its stake in shares of Robinhood Markets by 3,615.7% in the second quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company's stock valued at $1,081,910,000 after buying an additional 11,244,182 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Robinhood Markets in the second quarter valued at about $951,479,000. AGF Management Ltd. increased its stake in shares of Robinhood Markets by 286.0% in the first quarter. AGF Management Ltd. now owns 5,743,715 shares of the company's stock valued at $239,053,000 after buying an additional 4,255,862 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Robinhood Markets by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,851,352 shares of the company's stock valued at $201,913,000 after buying an additional 131,620 shares during the period. Institutional investors and hedge funds own 93.27% of the company's stock.

Wall Street Analyst Weigh In

HOOD has been the subject of several recent research reports. Barclays increased their price target on Robinhood Markets from $102.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Citigroup increased their price target on Robinhood Markets from $120.00 to $135.00 and gave the company a "neutral" rating in a research note on Tuesday, September 23rd. Mizuho increased their price target on Robinhood Markets from $120.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, September 10th. JMP Securities increased their price target on Robinhood Markets from $130.00 to $170.00 and gave the company a "market outperform" rating in a research note on Thursday, October 9th. Finally, Compass Point raised their target price on Robinhood Markets from $64.00 to $96.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $118.94.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $139.79 on Friday. The business has a 50 day simple moving average of $123.41 and a 200 day simple moving average of $92.29. Robinhood Markets, Inc. has a one year low of $23.00 and a one year high of $153.86. The stock has a market capitalization of $124.23 billion, a P/E ratio of 70.96, a P/E/G ratio of 3.49 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.30 by $0.12. The business had revenue of $989.00 million during the quarter, compared to analysts' expectations of $893.93 million. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The firm's revenue was up 45.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. Equities analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insiders Place Their Bets

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total value of $104,797,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 225,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $99.97, for a total value of $22,493,250.00. Following the completion of the transaction, the insider owned 591,887 shares in the company, valued at approximately $59,170,943.39. The trade was a 27.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,175,598 shares of company stock valued at $579,779,430. 14.47% of the stock is currently owned by corporate insiders.

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.

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