55,288 Shares in Robinhood Markets, Inc. $HOOD Purchased by Groupe la Francaise

Key Points

• Groupe la Française purchased 55,288 Robinhood shares in the second quarter, valued at approximately $5.54 million. Institutional investors collectively own 93.27% of HOOD.
• Robinhood exceeded quarterly expectations, reporting $0.62 earnings per share versus a $0.44 consensus estimate and $1.31 billion in revenue, up 32.5% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $122.67, while insiders sold roughly $69.1 million worth of shares over the past three months.

Groupe la Francaise bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 55,288 shares of the company's stock, valued at approximately $5,544,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sivia Capital Partners LLC increased its position in Robinhood Markets by 2.8% during the 4th quarter. Sivia Capital Partners LLC now owns 4,310 shares of the company's stock worth $487,000 after purchasing an additional 117 shares during the period. Constant Guidance Financial LLC lifted its holdings in shares of Robinhood Markets by 5.3% in the 4th quarter. Constant Guidance Financial LLC now owns 2,571 shares of the company's stock valued at $291,000 after buying an additional 129 shares during the period. MCF Advisors LLC lifted its holdings in shares of Robinhood Markets by 52.6% in the 4th quarter. MCF Advisors LLC now owns 377 shares of the company's stock valued at $43,000 after buying an additional 130 shares during the period. Integrated Advisors Network LLC grew its holdings in Robinhood Markets by 5.7% during the fourth quarter. Integrated Advisors Network LLC now owns 2,494 shares of the company's stock worth $282,000 after acquiring an additional 135 shares during the period. Finally, Dearborn Partners LLC raised its position in Robinhood Markets by 7.4% in the fourth quarter. Dearborn Partners LLC now owns 2,132 shares of the company's stock worth $241,000 after acquiring an additional 146 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Price Performance

HOOD stock opened at $122.11 on Tuesday. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The stock's 50 day moving average price is $103.14 and its 200 day moving average price is $88.67. The firm has a market cap of $109.79 billion, a P/E ratio of 53.79, a PEG ratio of 2.50 and a beta of 2.34.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.18. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.Robinhood Markets's revenue was up 32.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 2.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HOOD has been the subject of a number of recent analyst reports. Zacks Research raised Robinhood Markets from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 3rd. Wall Street Zen upgraded shares of Robinhood Markets from a "strong sell" rating to a "sell" rating in a research note on Sunday, July 12th. Weiss Ratings reissued a "hold (c)" rating on shares of Robinhood Markets in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Robinhood Markets from $105.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Finally, Argus increased their target price on shares of Robinhood Markets from $90.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $122.67.

Insiders Place Their Bets

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $122.43, for a total value of $1,224,300.00. Following the completion of the transaction, the insider owned 509,943 shares of the company's stock, valued at approximately $62,432,321.49. The trade was a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the company's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $116.17, for a total transaction of $43,563,750.00. Following the completion of the transaction, the chief executive officer owned 375,000 shares in the company, valued at approximately $43,563,750. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 626,283 shares of company stock valued at $69,070,083. Insiders own 13.48% of the company's stock.

About Robinhood Markets

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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