Yeomans Consulting Group Inc. Takes Position in Robinhood Markets, Inc. $HOOD

Key Points

• Yeomans Consulting Group Inc. acquired 4,444 shares of Robinhood Markets, Inc. (NASDAQ:HOOD) valued at approximately $410,000 during the second quarter, highlighting increasing institutional interest in the stock.
• Robinhood reported $0.42 earnings per share (EPS) for the last quarter, exceeding estimates, and achieved revenue of $989 million, showcasing a significant growth of 45% year-over-year.
• Institutional investors own 93.27% of Robinhood's stock, reflecting strong support from major hedge funds, including Vanguard Group and AGF Management, which have increased their stakes recently.

Yeomans Consulting Group Inc. acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,444 shares of the company's stock, valued at approximately $410,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Robinhood Markets in the second quarter valued at approximately $951,479,000. Vanguard Group Inc. increased its position in 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 period. AGF Management Ltd. raised its stake in 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 acquiring an additional 4,255,862 shares in the last quarter. Wealthquest Corp bought a new stake in Robinhood Markets during the 1st quarter valued at $156,193,000. Finally, Altimeter Capital Management LP acquired a new position in Robinhood Markets during the 1st quarter worth $120,103,000. 93.27% of the stock is owned by institutional investors and hedge funds.

Robinhood Markets Price Performance

HOOD stock opened at $145.70 on Friday. The company has a 50-day moving average of $113.58 and a two-hundred day moving average of $81.58. Robinhood Markets, Inc. has a 52-week low of $22.05 and a 52-week high of $146.70. The stock has a market capitalization of $129.48 billion, a price-to-earnings ratio of 73.96, a price-to-earnings-growth ratio of 4.87 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.12. The company had revenue of $989.00 million for 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 quarterly revenue was up 45.0% on a year-over-year basis. During the same period last year, the business posted $0.21 EPS. Equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HOOD shares. Morgan Stanley lifted their price objective on shares of Robinhood Markets from $110.00 to $146.00 and gave the company an "equal weight" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Robinhood Markets from $70.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Cantor Fitzgerald upped their price target on shares of Robinhood Markets from $100.00 to $118.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Piper Sandler reiterated an "overweight" rating and issued a $140.00 price objective (up from $120.00) on shares of Robinhood Markets in a report on Tuesday, September 23rd. Finally, Citigroup boosted their target price on Robinhood Markets from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Tuesday, September 23rd. Twelve 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's stock. According to data from MarketBeat, Robinhood Markets currently has a consensus rating of "Moderate Buy" and an average target price of $113.59.

Insider Activity

In other news, CEO Vladimir Tenev sold 385,485 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $101.90, for a total value of $39,280,921.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Baiju Bhatt sold 1,568,421 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 4,906,462 shares of company stock worth $509,427,417 over the last ninety days. Corporate insiders own 14.47% of the company's stock.

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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