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Mitsubishi UFJ Asset Management Co. Ltd. Has $200.74 Million Stock Position in Robinhood Markets, Inc. $HOOD

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Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,742,369 shares of the company's stock after buying an additional 76,514 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of Robinhood Markets worth $200,738,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. North Star Investment Management Corp. increased its position in Robinhood Markets by 44.9% during the 3rd quarter. North Star Investment Management Corp. now owns 255 shares of the company's stock worth $37,000 after purchasing an additional 79 shares in the last quarter. First Command Advisory Services Inc. lifted its stake in shares of Robinhood Markets by 33.8% in the 3rd quarter. First Command Advisory Services Inc. now owns 321 shares of the company's stock valued at $46,000 after acquiring an additional 81 shares during the last quarter. Evolution Wealth Advisors LLC boosted its holdings in shares of Robinhood Markets by 5.2% during the 4th quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company's stock valued at $217,000 after acquiring an additional 95 shares in the last quarter. ORG Partners LLC grew its position in Robinhood Markets by 5.5% during the 3rd quarter. ORG Partners LLC now owns 1,876 shares of the company's stock worth $269,000 after acquiring an additional 97 shares during the last quarter. Finally, CogentBlue Wealth Advisors LLC increased its holdings in Robinhood Markets by 4.1% in the 4th quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company's stock worth $282,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HOOD. Citizens Jmp reiterated a "market outperform" rating and issued a $155.00 price objective on shares of Robinhood Markets in a report on Wednesday, April 29th. Barclays cut their price target on shares of Robinhood Markets from $89.00 to $82.00 and set an "overweight" rating on the stock in a report on Wednesday, April 29th. Truist Financial lowered their target price on Robinhood Markets from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, April 13th. Mizuho upped their price target on Robinhood Markets from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group lowered their price objective on Robinhood Markets from $102.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, March 26th. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $107.88.

Check Out Our Latest Research Report on HOOD

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD opened at $79.05 on Thursday. The company has a market capitalization of $71.17 billion, a P/E ratio of 38.19, a price-to-earnings-growth ratio of 2.52 and a beta of 2.29. The company's 50-day moving average is $76.38 and its 200 day moving average is $101.36. Robinhood Markets, Inc. has a fifty-two week low of $48.32 and a fifty-two week high of $153.86.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business earned $0.37 EPS. Robinhood Markets's revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, research analysts predict that Robinhood Markets, Inc. will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Robinhood Markets

In other news, CEO Vladimir Tenev sold 375,000 shares of the company's stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares of the company's stock, valued at approximately $26,186,250. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 57,261 shares of the company's stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $86.38, for a total transaction of $4,946,205.18. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 487,907 shares of company stock valued at $35,444,040. 14.47% of the stock is currently owned by corporate insiders.

Robinhood Markets News Summary

Here are the key news stories impacting Robinhood Markets this week:

About Robinhood Markets

(Free Report)

Robinhood Markets, Inc NASDAQ: HOOD is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to "democratize finance for all." Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood's core products and services include a mobile app and web platform for trading U.S.

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Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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