Robinhood Markets, Inc. $HOOD Shares Purchased by Federation des caisses Desjardins du Quebec

Federation des caisses Desjardins du Quebec raised its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 188.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,909 shares of the company's stock after acquiring an additional 28,684 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Robinhood Markets were worth $1,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Metavasi Capital LP boosted its position in Robinhood Markets by 275.0% during the 1st quarter. Metavasi Capital LP now owns 75,000 shares of the company's stock valued at $3,122,000 after purchasing an additional 55,000 shares during the period. Cigna Investments Inc. New lifted its stake in Robinhood Markets by 2.7% in the first quarter. Cigna Investments Inc. New now owns 6,730 shares of the company's stock valued at $280,000 after buying an additional 174 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Robinhood Markets by 43.1% during the first quarter. Focus Partners Advisor Solutions LLC now owns 11,005 shares of the company's stock valued at $458,000 after acquiring an additional 3,313 shares during the period. Northern Right Capital Management L.P. bought a new position in shares of Robinhood Markets during the first quarter worth about $5,296,000. Finally, Firsthand Capital Management Inc. increased its holdings in shares of Robinhood Markets by 1,000.0% in the 1st quarter. Firsthand Capital Management Inc. now owns 11,000 shares of the company's stock worth $458,000 after acquiring an additional 10,000 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Stock Down 1.6%

NASDAQ:HOOD opened at $101.25 on Friday. The business's 50-day moving average price is $103.72 and its 200 day moving average price is $71.31. Robinhood Markets, Inc. has a 52-week low of $18.71 and a 52-week high of $117.70. The firm has a market cap of $89.98 billion, a P/E ratio of 51.40, a PEG ratio of 3.71 and a beta of 2.36.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $989.00 million during the quarter, compared to analyst estimates of $893.93 million. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The business's revenue for the quarter was up 45.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. Sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Steven M. Quirk sold 60,113 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $100.91, for a total value of $6,066,002.83. Following the transaction, the insider owned 94,454 shares in the company, valued at approximately $9,531,353.14. The trade was a 38.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $100.92, for a total value of $2,523,000.00. Following the completion of the transaction, the insider directly owned 610,949 shares in the company, valued at $61,656,973.08. This represents a 3.93% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,767,854 shares of company stock valued at $569,828,413. 14.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Morgan Stanley upped their target price on shares of Robinhood Markets from $43.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Compass Point raised their target price on Robinhood Markets from $64.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, June 27th. JMP Securities boosted their price target on Robinhood Markets from $125.00 to $130.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 31st. Mizuho raised their price target on Robinhood Markets from $99.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Barclays upped their price objective on shares of Robinhood Markets from $102.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $100.31.

About Robinhood Markets

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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