Mitsubishi UFJ Trust & Banking Corp Has $9.06 Million Holdings in Robinhood Markets, Inc. (NASDAQ:HOOD)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 30.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,076 shares of the company’s stock after selling 108,560 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Robinhood Markets were worth $9,057,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in shares of Robinhood Markets in the fourth quarter worth about $26,000. True Wealth Design LLC acquired a new stake in Robinhood Markets in the 3rd quarter valued at approximately $30,000. Creative Financial Designs Inc. ADV increased its position in Robinhood Markets by 750.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company’s stock worth $32,000 after buying an additional 750 shares during the period. Silicon Valley Capital Partners acquired a new position in shares of Robinhood Markets during the fourth quarter worth approximately $37,000. Finally, Bogart Wealth LLC bought a new stake in shares of Robinhood Markets in the fourth quarter valued at approximately $37,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Stock Down 4.7 %

Shares of HOOD stock opened at $41.92 on Friday. The company has a market capitalization of $37.12 billion, a P/E ratio of 26.70, a P/E/G ratio of 1.05 and a beta of 2.14. Robinhood Markets, Inc. has a 12-month low of $13.98 and a 12-month high of $66.91. The firm has a 50-day moving average price of $49.16 and a 200 day moving average price of $38.19.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, February 12th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. As a group, research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Insider Buying and Selling at Robinhood Markets

In other news, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $39.16, for a total value of $29,370,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 100,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $40.45, for a total transaction of $4,045,000.00. Following the transaction, the insider now owns 731,642 shares in the company, valued at approximately $29,594,918.90. This trade represents a 12.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,955,655 shares of company stock worth $143,072,448. 19.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

HOOD has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Robinhood Markets from $64.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of Robinhood Markets from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Raymond James started coverage on Robinhood Markets in a research report on Wednesday, February 5th. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $60.00 price target on shares of Robinhood Markets in a report on Thursday. Finally, Cantor Fitzgerald initiated coverage on Robinhood Markets in a report on Thursday, March 6th. They set an “overweight” rating and a $69.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.82.

About Robinhood Markets

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.