BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $1.08 Million Stake in Robinhood Markets, Inc. (NASDAQ:HOOD)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 34.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,653 shares of the company’s stock after purchasing an additional 12,306 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Robinhood Markets were worth $1,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Angeles Wealth Management LLC grew its holdings in shares of Robinhood Markets by 5.3% during the first quarter. Angeles Wealth Management LLC now owns 12,207 shares of the company’s stock valued at $246,000 after buying an additional 610 shares during the last quarter. GAMMA Investing LLC increased its holdings in Robinhood Markets by 44.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,290 shares of the company’s stock worth $52,000 after purchasing an additional 710 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Robinhood Markets by 46.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,275 shares of the company’s stock worth $29,000 after purchasing an additional 722 shares during the last quarter. Commerce Bank raised its stake in shares of Robinhood Markets by 7.9% in the fourth quarter. Commerce Bank now owns 12,459 shares of the company’s stock worth $159,000 after purchasing an additional 917 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in shares of Robinhood Markets by 25.8% during the first quarter. Whittier Trust Co. now owns 5,828 shares of the company’s stock valued at $117,000 after buying an additional 1,194 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HOOD shares. Keefe, Bruyette & Woods lowered their price target on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. Mizuho raised their price target on shares of Robinhood Markets from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Robinhood Markets from a “hold” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $24.00 in a report on Thursday, August 15th. Morgan Stanley increased their price objective on shares of Robinhood Markets from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Finally, Piper Sandler upgraded Robinhood Markets from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $20.00 to $23.00 in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Robinhood Markets has a consensus rating of “Hold” and an average price target of $22.70.

Robinhood Markets Trading Down 0.2 %

Shares of Robinhood Markets stock opened at $20.12 on Tuesday. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 134.13 and a beta of 1.83. Robinhood Markets, Inc. has a 12-month low of $7.91 and a 12-month high of $24.88. The company’s 50-day moving average price is $21.00 and its 200-day moving average price is $19.44.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. The company had revenue of $682.00 million for the quarter, compared to the consensus estimate of $640.39 million. Robinhood Markets had a net margin of 12.96% and a return on equity of 4.25%. The firm’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 earnings per share. On average, sell-side analysts predict that Robinhood Markets, Inc. will post 0.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Vladimir Tenev sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $22.50, for a total transaction of $5,625,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $22.50, for a total transaction of $5,625,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Warnick sold 25,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $20.96, for a total transaction of $524,000.00. Following the transaction, the chief financial officer now owns 1,077,162 shares in the company, valued at approximately $22,577,315.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 922,906 shares of company stock worth $18,433,929. 19.95% of the stock is currently owned by company insiders.

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.