ASR Vermogensbeheer N.V. Acquires 41,402 Shares of Robinhood Markets, Inc. $HOOD

ASR Vermogensbeheer N.V. boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 138.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,308 shares of the company’s stock after purchasing an additional 41,402 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Robinhood Markets were worth $6,677,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Robinhood Markets by 8.6% in the first quarter. Vanguard Group Inc. now owns 74,241,080 shares of the company’s stock worth $3,089,914,000 after buying an additional 5,874,701 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Robinhood Markets in the 2nd quarter valued at $951,479,000. AGF Management Ltd. increased its holdings in 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 acquiring an additional 4,255,862 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Robinhood Markets by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,851,352 shares of the company’s stock worth $201,913,000 after purchasing an additional 131,620 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Robinhood Markets by 4.2% during the 1st quarter. Northern Trust Corp now owns 4,061,398 shares of the company’s stock valued at $169,035,000 after purchasing an additional 163,823 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $145.70 on Friday. The company has a market cap of $129.48 billion, a P/E ratio of 73.96, a P/E/G ratio of 4.87 and a beta of 2.42. The business’s 50 day moving average price is $113.58 and its 200-day moving average price is $81.58. Robinhood Markets, Inc. has a fifty-two week low of $22.05 and a fifty-two week high of $146.70.

Robinhood Markets (NASDAQ:HOOD) last issued 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. The company had revenue of $989.00 million during the quarter, compared to the consensus estimate of $893.93 million. Robinhood Markets had a return on equity of 17.48% and a net margin of 50.13%.Robinhood Markets’s revenue was up 45.0% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. As a group, equities analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 418,338 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $119.42, for a total value of $49,957,923.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven M. Quirk sold 60,113 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $100.91, for a total value of $6,066,002.83. Following the transaction, the insider owned 94,454 shares of the company’s stock, valued at $9,531,353.14. This trade represents a 38.89% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,906,462 shares of company stock worth $509,427,417. 14.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HOOD shares. Compass Point lifted their target price on Robinhood Markets from $64.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, June 27th. The Goldman Sachs Group raised their price target on Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley lifted their price objective on Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on Robinhood Markets from $70.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Finally, Cantor Fitzgerald boosted their price target on shares of Robinhood Markets from $100.00 to $118.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Twelve 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, the company has a consensus rating of “Moderate Buy” and an average price target of $113.59.

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.