Nuveen Asset Management LLC Has $88.37 Million Stock Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Nuveen Asset Management LLC decreased its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 25.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,371,786 shares of the company's stock after selling 793,098 shares during the quarter. Nuveen Asset Management LLC owned 0.27% of Robinhood Markets worth $88,373,000 at the end of the most recent reporting period.

Several other institutional 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 fourth quarter valued at about $26,000. CoreCap Advisors LLC increased its position in shares of Robinhood Markets by 191.6% during the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after purchasing an additional 550 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Robinhood Markets by 750.0% during the 4th 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. Colonial Trust Co SC acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $34,000. Finally, Silicon Valley Capital Partners bought a new position in shares of Robinhood Markets in the fourth quarter valued at $37,000. Institutional investors own 93.27% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on HOOD shares. JPMorgan Chase & Co. raised their price objective on Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. KeyCorp reduced their price objective on Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Needham & Company LLC increased their target price on Robinhood Markets from $58.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group boosted their price target on Robinhood Markets from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, Barclays lowered their price objective on Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.41.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock traded up $2.51 on Monday, reaching $64.27. 34,046,604 shares of the stock were exchanged, compared to its average volume of 26,321,583. The firm has a market cap of $56.91 billion, a PE ratio of 40.94, a P/E/G ratio of 1.05 and a beta of 2.15. The firm's 50 day moving average is $45.27 and its 200-day moving average is $43.79. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). Robinhood Markets had a return on equity of 13.53% and a net margin of 47.81%. The business had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. During the same quarter in the previous year, the company earned $0.18 earnings per share. The firm's revenue for the quarter was up 50.0% on a year-over-year basis. On average, equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $34.51, for a total value of $201,987.03. Following the completion of the transaction, the chief technology officer now owns 5,853 shares in the company, valued at $201,987.03. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $38.31, for a total transaction of $957,750.00. Following the completion of the transaction, the insider now owns 822,825 shares of the company's stock, valued at approximately $31,522,425.75. This trade represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,947,622 shares of company stock valued at $89,994,656. 14.47% of the stock is currently owned by corporate insiders.

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.