Asset Management One Co. Ltd. Buys 48,966 Shares of Robinhood Markets, Inc. $HOOD

Asset Management One Co. Ltd. grew its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 21.1% during the second quarter, Holdings Channel reports. The firm owned 280,687 shares of the company’s stock after purchasing an additional 48,966 shares during the period. Asset Management One Co. Ltd.’s holdings in Robinhood Markets were worth $26,281,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HOOD. Hemington Wealth Management lifted its holdings in shares of Robinhood Markets by 52.2% in 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 in the last quarter. Wayfinding Financial LLC bought a new position in shares of Robinhood Markets in the first quarter valued at approximately $30,000. Pandora Wealth Inc. bought a new position in shares of Robinhood Markets in the first quarter valued at approximately $33,000. V Square Quantitative Management LLC bought a new position in shares of Robinhood Markets in the second quarter valued at approximately $36,000. Finally, Colonial Trust Advisors lifted its holdings in shares of Robinhood Markets by 125.0% in the first quarter. Colonial Trust Advisors now owns 900 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

HOOD has been the topic of a number of recent research reports. Compass Point raised their target price on Robinhood Markets from $64.00 to $96.00 and gave the company a “buy” rating in a report on Friday, June 27th. Cantor Fitzgerald lifted their price target on Robinhood Markets from $100.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Barclays lifted their price target on Robinhood Markets from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Piper Sandler reiterated an “overweight” rating and set a $140.00 price target (up from $120.00) on shares of Robinhood Markets in a report on Tuesday, September 23rd. Finally, Bank of America lifted their price target on Robinhood Markets from $139.00 to $157.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.94.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the business’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $148.34, for a total value of $3,708,500.00. Following the sale, the insider directly owned 565,949 shares in the company, valued at $83,952,874.66. The trade was a 4.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Steven M. Quirk sold 60,113 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $100.91, for a total value of $6,066,002.83. Following the completion of the sale, the insider owned 94,454 shares in the company, valued at approximately $9,531,353.14. The trade was a 38.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,175,598 shares of company stock valued at $579,779,430. 14.47% of the stock is currently owned by insiders.

Robinhood Markets Price Performance

Shares of HOOD opened at $139.79 on Friday. The firm has a market cap of $124.23 billion, a PE ratio of 70.96, a PEG ratio of 3.49 and a beta of 2.42. The stock’s fifty day moving average price is $123.41 and its two-hundred day moving average price is $92.29. Robinhood Markets, Inc. has a 1 year low of $23.00 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.12. The firm had revenue of $989.00 million for the quarter, compared to analyst estimates of $893.93 million. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The business’s revenue was up 45.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. Sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

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.