AG2R LA Mondiale Gestion D Actifs Buys New Position in Robinhood Markets, Inc. $HOOD

AG2R LA Mondiale Gestion D Actifs bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,508 shares of the company's stock, valued at approximately $1,103,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Swedbank AB boosted its holdings in Robinhood Markets by 15.7% in the first quarter. Swedbank AB now owns 298,931 shares of the company's stock valued at $12,442,000 after acquiring an additional 40,496 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Robinhood Markets by 548.5% in the first quarter. Voya Investment Management LLC now owns 622,190 shares of the company's stock valued at $25,896,000 after acquiring an additional 526,245 shares during the last quarter. Cim LLC boosted its holdings in Robinhood Markets by 49.8% in the first quarter. Cim LLC now owns 81,911 shares of the company's stock valued at $3,409,000 after acquiring an additional 27,230 shares during the last quarter. Silicon Valley Capital Partners boosted its holdings in Robinhood Markets by 50.0% in the first quarter. Silicon Valley Capital Partners now owns 1,500 shares of the company's stock valued at $63,000 after acquiring an additional 500 shares during the last quarter. Finally, Strs Ohio bought a new stake in Robinhood Markets in the first quarter valued at approximately $11,216,000. 93.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 750,000 shares of Robinhood Markets stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $93.27, for a total transaction of $69,952,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Baiju Bhatt sold 1,568,421 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $99.98, for a total transaction of $156,810,731.58. The disclosure for this sale can be found here. Insiders sold 5,773,719 shares of company stock worth $589,293,510 over the last quarter. Corporate insiders own 14.47% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on HOOD shares. Mizuho upped their target price on Robinhood Markets from $120.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday. Citigroup increased their price target on Robinhood Markets from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Barclays increased their price target on Robinhood Markets from $102.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Needham & Company LLC increased their price target on Robinhood Markets from $71.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Robinhood Markets from $70.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.88.

Robinhood Markets Stock Down 2.3%

Shares of HOOD opened at $115.03 on Friday. Robinhood Markets, Inc. has a 12-month low of $21.50 and a 12-month high of $123.44. The business's fifty day moving average is $105.99 and its 200 day moving average is $73.63. The stock has a market cap of $102.22 billion, a P/E ratio of 58.39, a P/E/G ratio of 4.32 and a beta of 2.36.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.12. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.The company had revenue of $989.00 million for the quarter, compared to analysts' expectations of $893.93 million. During the same period last year, the business earned $0.21 EPS. Robinhood Markets's quarterly revenue was up 45.0% compared to the same quarter last year. On average, 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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