UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $101.63 Million Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,727,467 shares of the company's stock after buying an additional 548,798 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.31% of Robinhood Markets worth $101,625,000 as of its most recent SEC filing.

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A number of other large investors have also recently made changes to their positions in the business. IFP Advisors Inc boosted its stake in Robinhood Markets by 601.1% during the 4th quarter. IFP Advisors Inc now owns 4,396 shares of the company's stock valued at $164,000 after purchasing an additional 3,769 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Robinhood Markets by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,719,732 shares of the company's stock valued at $175,857,000 after purchasing an additional 138,267 shares in the last quarter. Requisite Capital Management LLC bought a new position in shares of Robinhood Markets in the fourth quarter valued at approximately $266,000. Aigen Investment Management LP boosted its position in shares of Robinhood Markets by 161.2% during the fourth quarter. Aigen Investment Management LP now owns 85,868 shares of the company's stock valued at $3,199,000 after buying an additional 52,988 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Robinhood Markets by 19.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,557,301 shares of the company's stock worth $179,463,000 after buying an additional 739,631 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HOOD. Raymond James initiated coverage on shares of Robinhood Markets in a research note on Wednesday, February 5th. They issued a "market perform" rating for the company. The Goldman Sachs Group boosted their price target on shares of Robinhood Markets from $56.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Mizuho increased their price objective on shares of Robinhood Markets from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Cantor Fitzgerald dropped their target price on shares of Robinhood Markets from $62.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $70.00 target price on shares of Robinhood Markets in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.41.

• Markets Think Robinhood Earnings Could Send the Stock Up

Check Out Our Latest Stock Report on HOOD

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CTO Jeffrey Tsvi Pinner sold 5,853 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $46.81, for a total value of $273,978.93. Following the transaction, the chief technology officer now directly owns 17,559 shares of the company's stock, valued at $821,936.79. The trade was a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $41.96, for a total transaction of $31,470,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,192,688 shares of company stock worth $107,043,646. 14.47% of the stock is currently owned by insiders.

Robinhood Markets Price Performance

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Shares of NASDAQ:HOOD opened at $63.17 on Friday. Robinhood Markets, Inc. has a one year low of $13.98 and a one year high of $66.91. The firm has a market capitalization of $55.93 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 1.05 and a beta of 2.15. The company's fifty day moving average price is $47.76 and its 200-day moving average price is $44.89.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $927.00 million for the quarter, compared to analysts' expectations of $917.12 million. Robinhood Markets had a net margin of 47.81% and a return on equity of 13.53%. The company's revenue for the quarter was up 50.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. As a group, equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

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.

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