Compagnie Lombard Odier SCmA Raises Stock Holdings in Robinhood Markets, Inc. $HOOD

Key Points

• Compagnie Lombard Odier SCmA increased its stake in Robinhood Markets by 1,340.0% in the second quarter, acquiring 13,400 additional shares for a total of 14,400 shares valued at approximately $1.35 million.
• Vanguard Group Inc. and other institutional investors have also significantly increased their stakes, with Vanguard raising its stake by 8.6% to own over 74 million shares valued at approximately $3.09 billion.
• Research analysts have varied price targets for Robinhood, with notable upgrades from Needham & Company and Mizuho, setting targets at $120.00 and $145.00 respectively, contributing to a consensus rating of "Moderate Buy."

Compagnie Lombard Odier SCmA increased its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 1,340.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,400 shares of the company's stock after acquiring an additional 13,400 shares during the period. Compagnie Lombard Odier SCmA's holdings in Robinhood Markets were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised 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 acquiring an additional 5,874,701 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Robinhood Markets during the 2nd quarter valued at about $951,479,000. AGF Management Ltd. raised its stake in shares of Robinhood Markets by 286.0% during the 1st quarter. AGF Management Ltd. now owns 5,743,715 shares of the company's stock valued at $239,053,000 after buying an additional 4,255,862 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Robinhood Markets by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,851,352 shares of the company's stock valued at $201,913,000 after buying an additional 131,620 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Robinhood Markets by 4.2% during the 1st quarter. Northern Trust Corp now owns 4,061,398 shares of the company's stock valued at $169,035,000 after buying an additional 163,823 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HOOD. Needham & Company LLC lifted their price objective on Robinhood Markets from $71.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Mizuho lifted their price objective on Robinhood Markets from $120.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, September 10th. Cantor Fitzgerald lifted their price objective on Robinhood Markets from $100.00 to $118.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Redburn Atlantic reiterated a "sell" rating and set a $48.00 price objective (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. Finally, JMP Securities lifted their price objective on Robinhood Markets from $125.00 to $130.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.88.

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $124.89 on Tuesday. The stock has a market cap of $110.99 billion, a P/E ratio of 63.40, a P/E/G ratio of 4.62 and a beta of 2.36. The stock's 50 day simple moving average is $108.90 and its 200-day simple moving average is $76.89. Robinhood Markets, Inc. has a 1-year low of $22.05 and a 1-year high of $126.64.

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

Insider Buying and Selling at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 225,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $99.97, for a total transaction of $22,493,250.00. Following the transaction, the insider directly owned 591,887 shares in the company, valued at $59,170,943.39. The trade was a 27.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $93.27, for a total value of $69,952,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,767,855 shares of company stock worth $588,837,174. 19.95% of the stock is owned by company insiders.

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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