KBC Group NV Has $67.30 Million Position in Robinhood Markets, Inc. $HOOD

KBC Group NV increased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 73.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718,754 shares of the company’s stock after purchasing an additional 303,759 shares during the period. KBC Group NV’s holdings in Robinhood Markets were worth $67,297,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in Robinhood Markets by 30.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 328,511 shares of the company’s stock worth $13,673,000 after buying an additional 75,745 shares during the period. Allworth Financial LP boosted its holdings in shares of Robinhood Markets by 23.4% in the first quarter. Allworth Financial LP now owns 1,401 shares of the company’s stock valued at $58,000 after buying an additional 266 shares during the period. Ballentine Partners LLC bought a new stake in shares of Robinhood Markets during the first quarter worth $270,000. New York State Common Retirement Fund raised its holdings in shares of Robinhood Markets by 2.6% during the first quarter. New York State Common Retirement Fund now owns 398,282 shares of the company’s stock worth $16,576,000 after acquiring an additional 10,000 shares during the period. Finally, Stephens Inc. AR acquired a new stake in shares of Robinhood Markets during the first quarter worth $243,000. 93.27% of the stock is owned by institutional investors.

Insider Activity at Robinhood Markets

In other news, CEO Vladimir Tenev sold 750,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $139.73, for a total value of $104,797,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 25,000 shares of Robinhood Markets stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $148.34, for a total value of $3,708,500.00. Following the transaction, the insider owned 565,949 shares of the company’s stock, valued at $83,952,874.66. The trade was a 4.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,297,404 shares of company stock worth $529,026,559 over the last ninety days. Company insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Up 0.8%

HOOD stock opened at $132.98 on Thursday. The company has a market cap of $118.18 billion, a price-to-earnings ratio of 55.18, a P/E/G ratio of 3.02 and a beta of 2.42. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86. The business has a 50 day moving average price of $132.01 and a two-hundred day moving average price of $101.75.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.41 by $0.20. The company 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 firm’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. On average, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JMP Securities upped their target price on shares of Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 9th. Morgan Stanley upped their price objective on Robinhood Markets from $110.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Compass Point reiterated a “buy” rating on shares of Robinhood Markets in a report on Monday, October 27th. Citizens Jmp lifted their target price on Robinhood Markets from $170.00 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, November 7th. Finally, Keefe, Bruyette & Woods boosted their target price on Robinhood Markets from $121.00 to $135.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and an average target price of $132.65.

Robinhood Markets 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.