Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in Robinhood Markets, Inc. $HOOD

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,742,369 shares of the company’s stock after buying an additional 76,514 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Robinhood Markets were worth $200,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Robinhood Markets by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock worth $10,831,756,000 after buying an additional 1,334,443 shares during the last quarter. State Street Corp boosted its holdings in shares of Robinhood Markets by 103.2% during the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after acquiring an additional 16,375,734 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Robinhood Markets by 25.3% during the 3rd quarter. Invesco Ltd. now owns 6,191,123 shares of the company’s stock valued at $886,445,000 after acquiring an additional 1,248,590 shares during the last quarter. Northern Trust Corp grew its stake in shares of Robinhood Markets by 48.5% in the third quarter. Northern Trust Corp now owns 6,157,337 shares of the company’s stock worth $881,608,000 after acquiring an additional 2,011,820 shares during the period. Finally, Amundi raised its holdings in shares of Robinhood Markets by 10.6% during the third quarter. Amundi now owns 4,592,764 shares of the company’s stock valued at $662,552,000 after purchasing an additional 440,899 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Trading Up 2.6%

Shares of NASDAQ:HOOD opened at $79.05 on Thursday. The stock has a 50 day moving average of $76.38 and a 200 day moving average of $101.36. The company has a market cap of $71.17 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 2.52 and a beta of 2.29. Robinhood Markets, Inc. has a 12-month low of $48.32 and a 12-month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.Robinhood Markets’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. Equities research analysts predict that Robinhood Markets, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction on Monday, May 4th. The shares were sold at an average price of $76.89, for a total transaction of $768,900.00. Following the transaction, the insider owned 432,849 shares in the company, valued at approximately $33,281,759.61. The trade was a 2.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 57,261 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $86.38, for a total transaction of $4,946,205.18. 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. Over the last ninety days, insiders sold 487,907 shares of company stock worth $35,444,040. 14.47% of the stock is currently owned by insiders.

Robinhood Markets News Roundup

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Robinhood’s new Ventures Fund I drew more than 150,000 retail investors at IPO, signaling strong consumer demand for products that give retail access to private-company exposure — a potential new recurring-fee and assets-under-management growth channel. Robinhood’s venture fund IPO attracted 150,000+ retail investors, CEO says
• Positive Sentiment: Robinhood reports the same Ventures Fund milestone across outlets and highlights the democratization narrative, which can boost brand momentum and cross-sell opportunities. Robinhood Opens Private Markets to 150,000 Retail Investors
• Positive Sentiment: Regulatory in?principle approval to offer brokerage services in Singapore opens a large APAC market and gives Robinhood a foothold for international customer acquisition and product expansion. Robinhood (HOOD) Receives In-Principle Approval to Launch Brokerage Services in Singapore
• Neutral Sentiment: CEO Vlad Tenev’s bullish statements on prediction markets and retail engagement (media appearances and earnings commentary) underscore strategic diversification, but commercialization scale and monetization timelines remain uncertain. Robinhood CEO issues bold outlook on prediction markets business
• Neutral Sentiment: Competitive pressure in crypto trading is rising as legacy financial firms and exchanges roll out new products that could win market share; impact depends on Robinhood’s ability to defend trading volumes and fees. 91-year-old Wall Street bank to challenge Coinbase, Robinhood
• Negative Sentiment: Recent Q1 results revealed a crypto revenue slump and a revenue miss vs. estimates, which drove a sharp selloff earlier this month and keeps near-term earnings growth uncertain until trading activity stabilizes. ETFs to Watch as HOOD Lags Q1 Earnings Amid Crypto Trading Slump
• Negative Sentiment: An insider sold 10,000 shares under a pre-arranged 10b5-1 plan; while disclosed as planned, insider sales can be perceived negatively by some investors. Insider sale: Daniel Martin Gallagher, Jr. SEC filing

Wall Street Analysts Forecast Growth

HOOD has been the topic of several research reports. Keefe, Bruyette & Woods dropped their target price on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Morgan Stanley lowered their price target on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Needham & Company LLC dropped their price target on Robinhood Markets from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Wall Street Zen lowered Robinhood Markets from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, Loop Capital set a $130.00 price objective on Robinhood Markets in a research report on Monday, February 9th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and an average target price of $107.88.

Robinhood Markets Company Profile

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.