Robinhood Markets, Inc. (NASDAQ:HOOD) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 24.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,721 shares of the company's stock after purchasing an additional 45,489 shares during the period. Asset Management One Co. Ltd.'s holdings in Robinhood Markets were worth $9,644,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its position in shares of Robinhood Markets by 237.2% during the first quarter. Oppenheimer & Co. Inc. now owns 88,076 shares of the company's stock worth $3,666,000 after purchasing an additional 61,953 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Robinhood Markets by 490.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 43,228 shares of the company's stock worth $1,799,000 after purchasing an additional 35,903 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Robinhood Markets by 43.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 79,193 shares of the company's stock valued at $3,296,000 after acquiring an additional 24,075 shares in the last quarter. Childress Capital Advisors LLC acquired a new stake in Robinhood Markets in the first quarter valued at $229,000. Finally, Cullinan Associates Inc. boosted its stake in Robinhood Markets by 36.8% during the 1st quarter. Cullinan Associates Inc. now owns 9,300 shares of the company's stock valued at $387,000 after acquiring an additional 2,500 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Compass Point increased their price objective on shares of Robinhood Markets from $64.00 to $96.00 and gave the company a "buy" rating in a research note on Friday. KeyCorp reduced their price objective on shares of Robinhood Markets from $75.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. The Goldman Sachs Group increased their price objective on shares of Robinhood Markets from $82.00 to $91.00 and gave the company a "buy" rating in a research note on Friday. Redburn Atlantic reiterated a "sell" rating and set a $48.00 price objective (up from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Robinhood Markets from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $62.29.

Robinhood Markets Price Performance

Shares of HOOD stock traded down $1.49 during trading hours on Friday, reaching $83.03. The stock had a trading volume of 36,890,636 shares, compared to its average volume of 28,105,863. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $85.55. The firm has a 50-day simple moving average of $63.85 and a 200-day simple moving average of $51.57. The firm has a market capitalization of $73.52 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 4.90 and a beta of 2.25.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The firm had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. During the same period last year, the business earned $0.18 EPS. The firm's revenue was up 50.0% on a year-over-year basis. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total transaction of $31,470,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Baiju Bhatt sold 418,338 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $64.46, for a total transaction of $26,966,067.48. Following the transaction, the director now directly owns 7,863 shares in the company, valued at approximately $506,848.98. The trade was a 98.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,472,691 shares of company stock valued at $139,178,726 in the last quarter. Company insiders own 14.47% of the company's stock.

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.