Natixis Advisors LLC Invests $536,000 in Robinhood Markets, Inc. (NASDAQ:HOOD)

Natixis Advisors LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 23,604 shares of the company’s stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HOOD. Vanguard Group Inc. boosted its holdings in shares of Robinhood Markets by 1.8% during the first quarter. Vanguard Group Inc. now owns 56,828,633 shares of the company’s stock worth $1,143,960,000 after purchasing an additional 1,003,535 shares during the period. Banque Cantonale Vaudoise boosted its position in shares of Robinhood Markets by 21,404.0% during the first quarter. Banque Cantonale Vaudoise now owns 96,768 shares of the company’s stock valued at $1,948,000 after purchasing an additional 96,318 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of Robinhood Markets by 87.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,800 shares of the company’s stock valued at $117,000 after buying an additional 2,700 shares in the last quarter. Wellington Management Group LLP bought a new stake in Robinhood Markets during the fourth quarter worth about $8,299,000. Finally, SG Americas Securities LLC grew its stake in shares of Robinhood Markets by 62.5% in the 1st quarter. SG Americas Securities LLC now owns 283,684 shares of the company’s stock worth $5,711,000 after buying an additional 109,059 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on HOOD. Wolfe Research raised shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research report on Wednesday, June 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 price objective on shares of Robinhood Markets in a report on Thursday, August 8th. Keefe, Bruyette & Woods cut their target price on shares of 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. Bank of America upped their price target on Robinhood Markets from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Robinhood Markets in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.83.

Robinhood Markets Stock Up 4.8 %

HOOD opened at $21.64 on Friday. Robinhood Markets, Inc. has a 52-week low of $7.91 and a 52-week high of $24.88. The stock has a market cap of $19.02 billion, a P/E ratio of 144.27 and a beta of 1.83. The business has a fifty day moving average of $20.56 and a 200 day moving average of $19.69.

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

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 250,000 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $22.80, for a total value of $285,000.00. Following the completion of the transaction, the insider now directly owns 956,247 shares of the company’s stock, valued at approximately $21,802,431.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 250,000 shares of Robinhood Markets stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 1,325,322 shares of company stock valued at $26,225,912 over the last three months. 19.95% of the stock is 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.