Robinhood Markets, Inc. (NASDAQ:HOOD) is AlpInvest Partners B.V.'s 3rd Largest Position

Key Points

• AlpInvest Partners B.V. reduced its stake in Robinhood Markets by 53.4% during the first quarter, now holding 271,525 shares valued at $11.3 million, making it the firm's third largest position.
• During the same period, Vanguard Group Inc. increased its stake in Robinhood by 8.6%, owning over 74 million shares valued at approximately $3.09 billion.
• Multiple analysts have raised their price targets for Robinhood, with a consensus rating of "Moderate Buy" and an average target price of $96.29.

AlpInvest Partners B.V. lessened its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 53.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 271,525 shares of the company's stock after selling 311,732 shares during the quarter. Robinhood Markets comprises 17.2% of AlpInvest Partners B.V.'s investment portfolio, making the stock its 3rd largest position. AlpInvest Partners B.V.'s holdings in Robinhood Markets were worth $11,301,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Whipplewood Advisors LLC raised its holdings in shares of Robinhood Markets by 564.4% during the 1st quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after buying an additional 508 shares in the last quarter. Hemington Wealth Management grew its position in 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 acquiring an additional 218 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of Robinhood Markets during the first quarter worth approximately $30,000. CoreCap Advisors LLC lifted its holdings in shares of Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock worth $31,000 after acquiring an additional 550 shares during the last quarter. Finally, Colonial Trust Co SC purchased a new stake in shares of Robinhood Markets in the 4th quarter valued at $34,000. Institutional investors own 93.27% of the company's stock.

Robinhood Markets Price Performance

Robinhood Markets stock traded up $5.58 during mid-day trading on Thursday, reaching $111.23. 44,572,928 shares of the company traded hands, compared to its average volume of 45,380,568. Robinhood Markets, Inc. has a 52-week low of $16.68 and a 52-week high of $113.44. The firm has a market capitalization of $98.49 billion, a price-to-earnings ratio of 56.46, a P/E/G ratio of 4.03 and a beta of 2.36. The firm's 50 day moving average price is $90.33 and its 200 day moving average price is $63.55.

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

Analyst Ratings Changes

HOOD has been the topic of a number of analyst reports. Piper Sandler lifted their target price on shares of Robinhood Markets from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on Robinhood Markets from $44.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. JMP Securities boosted their target price 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. Citigroup raised their price target on Robinhood Markets from $100.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Barclays boosted their price objective on Robinhood Markets from $102.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $96.29.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 1,568,421 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $99.98, for a total value of $156,810,731.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven M. Quirk sold 104,887 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $70.14, for a total value of $7,356,774.18. Following the transaction, the insider directly owned 228,621 shares of the company's stock, valued at $16,035,476.94. This represents a 31.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,870,760 shares of company stock worth $443,132,553 over the last 90 days. 14.47% of the stock is currently 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.