Groupe la Francaise Makes New $5.54 Million Investment in Robinhood Markets, Inc. $HOOD

Groupe la Francaise acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 55,288 shares of the company’s stock, valued at approximately $5,544,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. California State Teachers Retirement System boosted its stake in Robinhood Markets by 9,976.4% in the 2nd quarter. California State Teachers Retirement System now owns 113,132,988 shares of the company’s stock worth $11,344,976,000 after buying an additional 112,010,233 shares during the last quarter. State Street Corp grew its holdings in Robinhood Markets by 103.2% in the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after buying an additional 16,375,734 shares during the period. Norges Bank acquired a new position in shares of Robinhood Markets during the 4th quarter valued at about $1,202,160,000. Bank of New York Mellon Corp purchased a new position in shares of Robinhood Markets during the 2nd quarter worth about $379,695,000. Finally, Amundi lifted its holdings in shares of Robinhood Markets by 89.0% during the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock worth $442,497,000 after acquiring an additional 3,007,103 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

HOOD has been the subject of a number of recent analyst reports. Morgan Stanley upgraded shares of Robinhood Markets from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $124.00 to $150.00 in a report on Tuesday, September 1st. China Renaissance began coverage on Robinhood Markets in a report on Tuesday, July 7th. They issued a “buy” rating on the stock. KeyCorp lifted their target price on shares of Robinhood Markets from $100.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Citizens Jmp reaffirmed a “market outperform” rating and issued a $155.00 target price on shares of Robinhood Markets in a research report on Thursday, July 30th. Finally, Zacks Research upgraded Robinhood Markets from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and an average target price of $122.67.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $122.11 on Tuesday. The stock has a market cap of $109.79 billion, a price-to-earnings ratio of 53.79, a price-to-earnings-growth ratio of 2.50 and a beta of 2.34. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $153.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The business’s 50-day simple moving average is $103.14 and its 200 day simple moving average is $88.67.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned $0.42 EPS. Robinhood Markets’s quarterly revenue was up 32.5% on a year-over-year basis. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 2.09 earnings per share for the current fiscal year.

Insider Activity at Robinhood Markets

In other news, Director Paula Loop sold 8,336 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $120.00, for a total transaction of $1,000,320.00. Following the completion of the transaction, the director directly owned 63,674 shares in the company, valued at approximately $7,640,880. This represents a 11.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $90.42, for a total transaction of $904,200.00. Following the completion of the sale, the insider owned 461,396 shares of the company’s stock, valued at approximately $41,719,426.32. This trade represents a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 626,283 shares of company stock worth $69,070,083. 13.48% of the stock is currently owned by insiders.

Robinhood Markets Profile

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.