Banco BTG Pactual S.A. Makes New $312,000 Investment in Robinhood Markets, Inc. $HOOD

Key Points

• Banco BTG Pactual S.A. recently invested approximately $312,000 in Robinhood Markets by purchasing 7,500 shares in the first quarter.
• Robinhood reported strong financials with $0.42 earnings per share for the last quarter, surpassing estimates and showing a year-over-year revenue increase of 45% to $989 million.
• Analyst ratings are generally positive, with eleven analysts rating it as a Buy and reaching a consensus price target of $100.31 for Robinhood's shares.

Banco BTG Pactual S.A. bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,500 shares of the company's stock, valued at approximately $312,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HOOD. Vanguard Group Inc. lifted its stake in shares of Robinhood Markets by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company's stock valued at $3,089,914,000 after acquiring an additional 5,874,701 shares during the last quarter. AGF Management Ltd. lifted its stake in shares of Robinhood Markets by 286.0% in the 1st quarter. AGF Management Ltd. now owns 5,743,715 shares of the company's stock valued at $239,053,000 after acquiring an additional 4,255,862 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Robinhood Markets by 335.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,185,225 shares of the company's stock valued at $193,202,000 after acquiring an additional 3,994,745 shares during the last quarter. Wealthquest Corp bought a new position in shares of Robinhood Markets in the 1st quarter valued at $156,193,000. Finally, AQR Capital Management LLC lifted its stake in shares of Robinhood Markets by 231.9% in the 4th quarter. AQR Capital Management LLC now owns 5,257,840 shares of the company's stock valued at $195,907,000 after acquiring an additional 3,673,861 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Price Performance

NASDAQ HOOD traded up $3.02 on Friday, reaching $109.32. The company had a trading volume of 39,820,141 shares, compared to its average volume of 41,865,128. The firm has a market cap of $97.15 billion, a price-to-earnings ratio of 55.49, a P/E/G ratio of 3.90 and a beta of 2.36. Robinhood Markets, Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $117.70. The business has a 50 day moving average of $98.88 and a two-hundred day moving average of $68.10.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share 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 firm had revenue of $989.00 million during the quarter, compared to the consensus estimate of $893.93 million. During the same period last year, the business posted $0.21 EPS. The business's revenue was up 45.0% compared to the same quarter last year. As a group, research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Activity

In other Robinhood Markets news, insider Steven M. Quirk sold 40,131 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $104.71, for a total transaction of $4,202,117.01. Following the completion of the sale, the insider directly owned 120,408 shares in the company, valued at approximately $12,607,921.68. This trade represents a 25.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $104.23, for a total value of $2,605,750.00. Following the sale, the insider owned 566,887 shares of the company's stock, valued at approximately $59,086,632.01. The trade was a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,644,685 shares of company stock worth $448,881,884. 14.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HOOD shares. Redburn Atlantic reiterated a "sell" rating and issued a $48.00 price target (up from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. Citigroup increased their price target on Robinhood Markets from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. KeyCorp increased their price target on Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Needham & Company LLC increased their price target on Robinhood Markets from $71.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Compass Point increased their price objective on Robinhood Markets from $64.00 to $96.00 and gave the company a "buy" rating in a report on Friday, June 27th. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $100.31.

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.