B. Metzler seel. Sohn & Co. AG Buys 9,318 Shares of Robinhood Markets, Inc. $HOOD

Key Points

• B. Metzler seel. Sohn & Co. AG increased its shareholding in Robinhood Markets by 62.5%, owning a total of 24,215 shares valued at $1,008,000 after acquiring an additional 9,318 shares.
• Several other institutional investors have also increased their positions in Robinhood Markets, with 93.27% of the company's stock currently held by these investors.
• Robinhood Markets reported $0.42 EPS for the last quarter, surpassing analysts' expectations, and its revenue increased by 45.0% year-over-year to $989 million.

B. Metzler seel. Sohn & Co. AG boosted its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 62.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,215 shares of the company's stock after purchasing an additional 9,318 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Robinhood Markets were worth $1,008,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HOOD. Vanguard Group Inc. lifted its stake in Robinhood Markets by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company's stock worth $3,089,914,000 after purchasing an additional 5,874,701 shares in the last quarter. AGF Management Ltd. lifted its stake in Robinhood Markets by 286.0% in the 1st quarter. AGF Management Ltd. now owns 5,743,715 shares of the company's stock worth $239,053,000 after purchasing an additional 4,255,862 shares in the last quarter. Wealthquest Corp purchased a new stake in Robinhood Markets in the 1st quarter worth $156,193,000. Southpoint Capital Advisors LP purchased a new stake in Robinhood Markets in the 4th quarter worth $130,410,000. Finally, Polar Capital Holdings Plc purchased a new stake in Robinhood Markets in the 4th quarter worth $125,252,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Robinhood Markets Stock Up 0.3%

NASDAQ:HOOD traded up $0.34 during mid-day trading on Friday, hitting $104.03. 22,092,111 shares of the stock traded hands, compared to its average volume of 37,341,716. The stock has a market capitalization of $92.45 billion, a price-to-earnings ratio of 52.81, a PEG ratio of 3.81 and a beta of 2.36. Robinhood Markets, Inc. has a 52 week low of $18.71 and a 52 week high of $117.70. The firm's 50 day moving average is $101.69 and its two-hundred day moving average is $70.00.

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Robinhood Markets from $43.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Mizuho upped their target price on shares of Robinhood Markets from $99.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Compass Point upped their target price on shares of Robinhood Markets from $64.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Keefe, Bruyette & Woods upped their target price on shares of Robinhood Markets from $89.00 to $106.00 and gave the company a "market perform" rating in a research report on Thursday, July 31st. Finally, Piper Sandler upped their target price on shares of Robinhood Markets from $110.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Robinhood Markets currently has a consensus rating of "Moderate Buy" and an average price target of $100.31.

Insider Activity at Robinhood Markets

In related news, Director Baiju Bhatt sold 1,568,421 shares of the company's 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven M. Quirk sold 104,887 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $70.14, for a total transaction of $7,356,774.18. Following the transaction, the insider owned 228,621 shares in the company, valued at $16,035,476.94. The trade was a 31.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,818,493 shares of company stock worth $570,818,204 in the last three months. 19.95% of the stock is owned by insiders.

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.