Amundi Purchases 1,594,282 Shares of Robinhood Markets, Inc. $HOOD

Amundi raised its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 62.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,151,865 shares of the company’s stock after buying an additional 1,594,282 shares during the period. Amundi owned 0.47% of Robinhood Markets worth $406,800,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. boosted its holdings in shares of Robinhood Markets by 120.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after acquiring an additional 148 shares in the last quarter. Smithfield Trust Co acquired a new stake in Robinhood Markets during the 2nd quarter valued at $29,000. Pandora Wealth Inc. bought a new position in Robinhood Markets in the 1st quarter valued at $33,000. Twin Peaks Wealth Advisors LLC bought a new position in Robinhood Markets in the 2nd quarter valued at $34,000. Finally, V Square Quantitative Management LLC acquired a new position in Robinhood Markets in the second quarter worth $36,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Down 3.7%

HOOD stock opened at $131.95 on Friday. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86. The company has a market cap of $118.65 billion, a P/E ratio of 54.75, a price-to-earnings-growth ratio of 3.08 and a beta of 2.43. The business’s fifty day moving average is $133.29 and its 200-day moving average is $109.43.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Robinhood Markets had a return on equity of 21.74% and a net margin of 52.19%.The firm’s quarterly revenue was up 100.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. Research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. CICC Research started coverage on Robinhood Markets in a research note on Monday, October 27th. They issued an “outperform” rating and a $155.00 target price for the company. Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a report on Wednesday, November 12th. Citizens Jmp raised 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. Mizuho boosted their target price on shares of Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Finally, The Goldman Sachs Group increased their price target on shares of Robinhood Markets from $134.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $136.95.

Insider Buying and Selling

In related news, Director Baiju Bhatt sold 1,330,000 shares of Robinhood Markets stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $128.47, for a total transaction of $170,865,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven M. Quirk sold 49,942 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $131.15, for a total transaction of $6,549,893.30. Following the transaction, the insider owned 54,496 shares of the company’s stock, valued at approximately $7,147,150.40. This represents a 47.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,099,236 shares of company stock valued at $525,040,481 over the last 90 days. 14.47% of the stock is owned by corporate 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.