Robinhood Markets, Inc. $HOOD Shares Bought by Candriam S.C.A.

Candriam S.C.A. grew its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 12.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,052 shares of the company’s stock after acquiring an additional 5,710 shares during the period. Candriam S.C.A.’s holdings in Robinhood Markets were worth $4,780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of HOOD. Vanguard Group Inc. boosted its holdings in Robinhood Markets by 8.6% in the first quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company’s stock valued at $3,089,914,000 after purchasing an additional 5,874,701 shares during the period. Geode Capital Management LLC increased its holdings in Robinhood Markets by 4.0% during the 2nd quarter. Geode Capital Management LLC now owns 13,176,539 shares of the company’s stock worth $1,233,840,000 after purchasing an additional 507,926 shares during the period. WCM Investment Management LLC raised its position in Robinhood Markets by 3,615.7% in the 2nd quarter. WCM Investment Management LLC now owns 11,555,160 shares of the company’s stock valued at $1,081,910,000 after purchasing an additional 11,244,182 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Robinhood Markets in the 2nd quarter valued at about $951,479,000. Finally, AGF Management Ltd. boosted its stake in shares of Robinhood Markets by 286.0% in the 1st quarter. AGF Management Ltd. now owns 5,743,715 shares of the company’s stock valued at $239,053,000 after buying an additional 4,255,862 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling

In other news, insider Steven M. Quirk sold 48,350 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $140.61, for a total value of $6,798,493.50. Following the completion of the sale, the insider directly owned 70,279 shares of the company’s stock, valued at approximately $9,881,930.19. This represents a 40.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vladimir Tenev sold 750,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $139.73, for a total transaction of $104,797,500.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,297,404 shares of company stock valued at $529,026,559 in the last 90 days. Company insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $122.50 on Friday. The stock’s 50-day moving average is $132.81 and its two-hundred day moving average is $102.77. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86. The firm has a market cap of $110.15 billion, a price-to-earnings ratio of 50.83, a PEG ratio of 2.80 and a beta of 2.42.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.20. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The business’s quarterly revenue was up 100.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 EPS. As a group, research analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a report on Wednesday. Citizens Jmp increased their price objective on shares of Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, November 7th. Morgan Stanley lifted their price objective on shares of Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group boosted their target price on shares of Robinhood Markets from $134.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Finally, Needham & Company LLC raised their price target on Robinhood Markets from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Fifteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and an average price target of $132.65.

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.