200,000 Shares in Robinhood Markets, Inc. $HOOD Bought by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $22,620,000.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Robinhood Markets by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock valued at $10,831,756,000 after purchasing an additional 1,334,443 shares during the period. State Street Corp grew its holdings in Robinhood Markets by 103.2% during the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after purchasing an additional 16,375,734 shares during the period. Invesco Ltd. grew its holdings in Robinhood Markets by 25.3% during the third quarter. Invesco Ltd. now owns 6,191,123 shares of the company’s stock valued at $886,445,000 after purchasing an additional 1,248,590 shares during the period. Northern Trust Corp grew its holdings in Robinhood Markets by 48.5% during the third quarter. Northern Trust Corp now owns 6,157,337 shares of the company’s stock valued at $881,608,000 after purchasing an additional 2,011,820 shares during the period. Finally, Amundi grew its holdings in 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 period. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Down 3.0%

NASDAQ HOOD opened at $73.64 on Friday. The firm has a market cap of $66.31 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 2.46 and a beta of 2.29. The business has a 50-day moving average price of $76.11 and a 200-day moving average price of $96.47. Robinhood Markets, Inc. has a twelve month low of $62.63 and a twelve month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share 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 the consensus estimate of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business’s revenue was up 15.1% on a year-over-year basis. During the same period last year, the company earned $0.37 EPS. Research analysts expect that Robinhood Markets, Inc. will post 1.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on HOOD. Keefe, Bruyette & Woods cut their price target on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. Zacks Research lowered Robinhood Markets from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. Needham & Company LLC cut their price target on Robinhood Markets from $95.00 to $85.00 and set a “buy” rating for the company in a report 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, Cantor Fitzgerald reissued an “overweight” rating and set a $110.00 price target on shares of Robinhood Markets in a report on Wednesday, April 29th. Eighteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $107.88.

Insider Buying and Selling

In related news, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $83.92, for a total value of $489,673.20. Following the sale, the chief technology officer directly owned 12,171 shares in the company, valued at approximately $1,021,390.32. The trade was a 32.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 5,436 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $77.36, for a total value of $420,528.96. Following the completion of the sale, the chief financial officer owned 47,311 shares in the company, valued at $3,659,978.96. This represents a 10.31% decrease in their ownership of the stock. 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 sold 560,765 shares of company stock valued at $40,946,840 in the last ninety days. Company insiders own 14.47% of the company’s stock.

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.