Robinhood Markets, Inc. $HOOD Position Increased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 14.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 311,298 shares of the company’s stock after purchasing an additional 38,755 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Robinhood Markets were worth $29,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hantz Financial Services Inc. raised its stake in Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after acquiring an additional 148 shares during the period. Hemington Wealth Management grew its holdings in shares of Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Pandora Wealth Inc. acquired a new stake in shares of Robinhood Markets during the 1st quarter worth approximately $33,000. V Square Quantitative Management LLC bought a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $36,000. Finally, Colonial Trust Advisors lifted its holdings in shares of Robinhood Markets by 125.0% in the 1st quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Stock Down 8.6%

HOOD stock opened at $121.53 on Friday. The company has a 50-day simple moving average of $132.38 and a 200 day simple moving average of $101.89. The company has a market capitalization of $108.00 billion, a P/E ratio of 50.43, a PEG ratio of 3.04 and a beta of 2.42. Robinhood Markets, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. Robinhood Markets’s revenue was up 100.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. Equities analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Activity

In other Robinhood Markets news, Director Baiju Bhatt sold 1,330,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $128.47, for a total value of $170,865,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $146.91, for a total value of $861,480.24. Following the transaction, the chief technology officer directly owned 6,088 shares of the company’s stock, valued at approximately $894,388.08. The trade was a 49.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,297,404 shares of company stock valued at $529,026,559 over the last 90 days. Corporate insiders own 14.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HOOD. JMP Securities increased their target price on Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 9th. The Goldman Sachs Group upped their price target on shares of Robinhood Markets from $134.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Mizuho lifted their price objective on shares of Robinhood Markets from $145.00 to $172.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Barclays boosted their target price on shares of Robinhood Markets from $162.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. Fourteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.65.

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.