ASR Vermogensbeheer N.V. Takes Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in Robinhood Markets, purchasing 29,906 shares valued at approximately $1,245,000 during the first quarter.
• Robinhood's earnings report revealed earnings per share of $0.42, beating estimates, with a net margin of 50.13% and revenue of $989 million—a 45% year-over-year increase.
• Analysts have shown strong confidence in the stock, with multiple firms raising their price targets, resulting in a current consensus rating of "Moderate Buy" and an average price target of $96.29.

ASR Vermogensbeheer N.V. acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,906 shares of the company's stock, valued at approximately $1,245,000.

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC grew its position in shares of Robinhood Markets by 564.4% during the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after purchasing an additional 508 shares in the last quarter. Hemington Wealth Management grew its position in shares of Robinhood Markets by 52.2% during the first quarter. Hemington Wealth Management now owns 636 shares of the company's stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of Robinhood Markets during the first quarter valued at about $30,000. CoreCap Advisors LLC grew its position in Robinhood Markets by 191.6% in the fourth quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after acquiring an additional 550 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Robinhood Markets by 139.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock worth $36,000 after acquiring an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HOOD. Cantor Fitzgerald lifted their price target on Robinhood Markets from $100.00 to $118.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Piper Sandler lifted their price target on Robinhood Markets from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. The Goldman Sachs Group lifted their price target on Robinhood Markets from $91.00 to $104.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. lifted their price target on Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC lifted their price target on Robinhood Markets from $71.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $96.29.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $114.63 on Friday. The company has a market cap of $101.87 billion, a P/E ratio of 58.19, a PEG ratio of 4.24 and a beta of 2.36. Robinhood Markets, Inc. has a 1 year low of $17.55 and a 1 year high of $117.00. The firm has a 50-day simple moving average of $91.32 and a two-hundred day simple moving average of $64.00.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.12. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The firm had revenue of $989.00 million during the quarter, compared to the consensus estimate of $893.93 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The company's revenue was up 45.0% on a year-over-year basis. As a group, equities research analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Activity

In other news, CEO Vladimir Tenev sold 385,485 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $101.90, for a total transaction of $39,280,921.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Baiju Bhatt sold 10,518 shares of Robinhood Markets stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $100.10, for a total transaction of $1,052,851.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,752,293 shares of company stock valued at $436,586,556. Insiders own 14.47% of the company's stock.

Robinhood Markets 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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