Robinhood Markets, Inc. $HOOD Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 84.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 273,400 shares of the company’s stock after buying an additional 125,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Robinhood Markets were worth $25,598,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cigna Investments Inc. New lifted its holdings in shares of Robinhood Markets by 2.7% during the 1st quarter. Cigna Investments Inc. New now owns 6,730 shares of the company’s stock valued at $280,000 after acquiring an additional 174 shares in the last quarter. Hemington Wealth Management lifted its holdings in shares of Robinhood Markets by 52.2% during the 1st quarter. Hemington Wealth Management now owns 636 shares of the company’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Robinhood Markets by 4.0% during the 1st quarter. Farther Finance Advisors LLC now owns 6,890 shares of the company’s stock valued at $290,000 after acquiring an additional 265 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Robinhood Markets by 23.4% during the 1st quarter. Allworth Financial LP now owns 1,401 shares of the company’s stock valued at $58,000 after acquiring an additional 266 shares in the last quarter. Finally, HighPoint Advisor Group LLC lifted its holdings in shares of Robinhood Markets by 0.8% during the 1st quarter. HighPoint Advisor Group LLC now owns 36,510 shares of the company’s stock valued at $1,520,000 after acquiring an additional 272 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Up 1.9%

HOOD opened at $120.91 on Friday. The firm has a market cap of $107.45 billion, a price-to-earnings ratio of 61.38, a price-to-earnings-growth ratio of 4.40 and a beta of 2.36. Robinhood Markets, Inc. has a fifty-two week low of $22.05 and a fifty-two week high of $124.36. The company’s 50-day moving average price is $107.87 and its 200 day moving average price is $75.37.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data 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. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The firm had revenue of $989.00 million for the quarter, compared to analyst estimates of $893.93 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. Robinhood Markets’s quarterly revenue was up 45.0% on a year-over-year basis. Research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Robinhood Markets from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Robinhood Markets from $89.00 to $106.00 and gave the stock a “market perform” rating in a report on Thursday, July 31st. Piper Sandler assumed coverage on shares of Robinhood Markets in a report on Wednesday, September 10th. They issued an “overweight” rating and a $120.00 price objective on the stock. Citigroup boosted their price objective on shares of Robinhood Markets from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Finally, Barclays boosted 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.88.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Meyer Malka sold 1,093,288 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $103.87, for a total value of $113,559,824.56. Following the completion of the transaction, the director owned 3,976,234 shares in the company, valued at approximately $413,011,425.58. This represents a 21.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Baiju Bhatt sold 1,568,421 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $99.98, for a total transaction of $156,810,731.58. The disclosure for this sale can be found here. Insiders have sold 5,767,855 shares of company stock worth $588,837,174 in the last quarter. 14.47% of the stock is currently owned by corporate 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.