Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Invests $710,000 in Robinhood Markets, Inc. $HOOD

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,281 shares of the company’s stock, valued at approximately $710,000. Robinhood Markets accounts for 1.1% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s portfolio, making the stock its 22nd biggest position.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its stake in shares of Robinhood Markets by 107.6% in the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 99 shares during the period. Vision Financial Markets LLC grew its stake in shares of Robinhood Markets by 100.0% in the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Guerra Advisors Inc bought a new stake in shares of Robinhood Markets in the third quarter worth approximately $30,000. CYBER HORNET ETFs LLC grew its stake in shares of Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares during the period. Finally, Elyxium Wealth LLC bought a new stake in shares of Robinhood Markets in the fourth quarter worth approximately $27,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Trading Up 11.3%

HOOD opened at $84.84 on Friday. The company has a market cap of $76.40 billion, a price-to-earnings ratio of 40.99, a PEG ratio of 2.38 and a beta of 2.29. The company’s 50 day moving average is $76.24 and its 200 day moving average is $94.51. Robinhood Markets, Inc. has a 12-month low of $62.92 and a 12-month high of $153.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. As a group, analysts predict that Robinhood Markets, Inc. will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $76.89, for a total value of $768,900.00. Following the transaction, the insider owned 432,849 shares of the company’s stock, valued at approximately $33,281,759.61. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 67,422 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total transaction of $5,082,270.36. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 560,765 shares of company stock valued at $40,946,840 in the last 90 days. 14.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HOOD shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Robinhood Markets in a research note on Wednesday. Jefferies Financial Group reduced their price target on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Loop Capital set a $94.00 price target on shares of Robinhood Markets in a research note on Wednesday. Wolfe Research upgraded shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price target for the company in a research note on Monday, February 9th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $130.00 price target on shares of Robinhood Markets in a research note on Tuesday, April 14th. Nineteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus target price of $106.38.

Check Out Our Latest Report on HOOD

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Robinhood Markets Company Profile

(Free Report)

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.

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Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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