UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 548,798 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,727,467 shares of the company's stock after purchasing an additional 548,798 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.31% of Robinhood Markets worth $101,625,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new position in Robinhood Markets in the 4th quarter worth approximately $26,000. CoreCap Advisors LLC grew its position in Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after acquiring an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in Robinhood Markets by 750.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock worth $32,000 after acquiring an additional 750 shares in the last quarter. Colonial Trust Co SC purchased a new position in Robinhood Markets in the fourth quarter worth about $34,000. Finally, Silicon Valley Capital Partners purchased a new position in shares of Robinhood Markets during the fourth quarter valued at approximately $37,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Compass Point started coverage on shares of Robinhood Markets in a research note on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price objective for the company. Wolfe Research lowered shares of Robinhood Markets from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Raymond James initiated coverage on shares of Robinhood Markets in a research note on Wednesday, February 5th. They issued a "market perform" rating on the stock. Morgan Stanley increased their price objective on shares of Robinhood Markets from $40.00 to $43.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Finally, Mizuho lifted their target price on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $55.41.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $49.02, for a total value of $1,225,500.00. Following the completion of the sale, the insider now directly owns 822,893 shares of the company's stock, valued at $40,338,214.86. This represents a 2.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Meyer Malka sold 64,951 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $49.64, for a total transaction of $3,224,167.64. Following the transaction, the director now directly owns 3,235,585 shares of the company's stock, valued at $160,614,439.40. The trade was a 1.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,192,688 shares of company stock worth $107,043,646 in the last 90 days. 14.47% of the stock is owned by insiders.

Robinhood Markets Stock Performance

Shares of NASDAQ:HOOD traded down $0.89 during trading on Wednesday, reaching $65.13. The company had a trading volume of 8,922,387 shares, compared to its average volume of 26,456,808. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $67.13. The firm has a market capitalization of $57.67 billion, a PE ratio of 41.47, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The firm's fifty day moving average is $48.62 and its 200 day moving average is $45.48.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 EPS 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 analyst estimates of $917.12 million. During the same quarter last year, the company earned $0.18 EPS. The business's revenue for the quarter was up 50.0% compared to the same quarter last year. Equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

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.