Vontobel Holding Ltd. Purchases 104,232 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

Vontobel Holding Ltd. grew its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 165.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,312 shares of the company's stock after purchasing an additional 104,232 shares during the quarter. Vontobel Holding Ltd.'s holdings in Robinhood Markets were worth $6,964,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HOOD. FMR LLC raised its position in shares of Robinhood Markets by 184.8% in the fourth quarter. FMR LLC now owns 40,237,478 shares of the company's stock valued at $1,499,248,000 after purchasing an additional 26,107,934 shares during the period. Norges Bank bought a new position in Robinhood Markets during the fourth quarter worth about $329,598,000. GQG Partners LLC acquired a new stake in Robinhood Markets in the 4th quarter worth about $302,325,000. Artisan Partners Limited Partnership bought a new stake in Robinhood Markets in the 4th quarter valued at about $152,949,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in 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 purchasing an additional 3,994,745 shares during the period. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Trading Up 6.1%

HOOD opened at $97.98 on Thursday. The company's 50 day moving average is $67.00 and its 200-day moving average is $52.62. Robinhood Markets, Inc. has a 1-year low of $13.98 and a 1-year high of $100.88. The company has a market cap of $86.76 billion, a P/E ratio of 55.67, a PEG ratio of 4.70 and a beta of 2.36.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Robinhood Markets had a net margin of 48.77% and a return on equity of 15.42%. The company had revenue of $927.00 million during the quarter, compared to analyst estimates of $917.12 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. The company's revenue for the quarter was up 50.0% on a year-over-year basis. On average, equities analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Buying and Selling

In related news, Director Christopher D. Payne purchased 26,500 shares of Robinhood Markets stock in a transaction dated Friday, June 13th. The shares were bought at an average cost of $74.19 per share, for a total transaction of $1,966,035.00. Following the purchase, the director owned 26,500 shares in the company, valued at approximately $1,966,035. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven M. Quirk sold 92,257 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $84.96, for a total transaction of $7,838,154.72. Following the completion of the sale, the insider owned 136,364 shares in the company, valued at approximately $11,585,485.44. The trade was a 40.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,697,691 shares of company stock worth $106,750,976 in the last quarter. Corporate insiders own 14.47% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HOOD shares. Cantor Fitzgerald boosted their price objective on shares of Robinhood Markets from $89.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday. KeyCorp boosted their price objective on shares of Robinhood Markets from $60.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday. The Goldman Sachs Group boosted their price objective on shares of Robinhood Markets from $82.00 to $91.00 and gave the company a "buy" rating in a report on Friday, June 27th. Citigroup cut their price objective on shares of Robinhood Markets from $60.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, Barclays cut their price objective on shares of Robinhood Markets from $76.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $69.00.

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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