WINTON GROUP Ltd Trims Stake in Robinhood Markets, Inc. $HOOD

WINTON GROUP Ltd reduced its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 54.6% in the 4th quarter, Holdings Channel reports. The fund owned 23,739 shares of the company’s stock after selling 28,500 shares during the period. WINTON GROUP Ltd’s holdings in Robinhood Markets were worth $2,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of HOOD. Vanguard Group Inc. raised its position in Robinhood Markets by 24.9% during the third quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after acquiring an additional 18,824,923 shares in the last quarter. State Street Corp raised its position in Robinhood Markets by 103.2% during the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after acquiring an additional 16,375,734 shares in the last quarter. Norges Bank purchased a new position in Robinhood Markets during the fourth quarter valued at approximately $1,202,160,000. Jennison Associates LLC raised its position in Robinhood Markets by 95.7% during the fourth quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock valued at $499,001,000 after acquiring an additional 2,157,372 shares in the last quarter. Finally, Northern Trust Corp raised its position in Robinhood Markets by 48.5% during the third quarter. Northern Trust Corp now owns 6,157,337 shares of the company’s stock valued at $881,608,000 after acquiring an additional 2,011,820 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $82.47 on Monday. The stock has a market capitalization of $74.27 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 2.47 and a beta of 2.35. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The business has a 50 day simple moving average of $78.09 and a 200-day simple moving average of $92.86.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.85 EPS for the current fiscal year.

Insider Activity

In other news, Director Meyer Malka purchased 181,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average cost of $83.45 per share, for a total transaction of $15,104,450.00. Following the completion of the transaction, the director owned 3,674,427 shares of the company’s stock, valued at $306,630,933.15. This trade represents a 5.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $83.68, for a total value of $836,800.00. Following the sale, the insider owned 481,396 shares of the company’s stock, valued at $40,283,217.28. The trade was a 2.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 571,602 shares of company stock valued at $41,959,746 in the last three months. Company insiders own 19.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Piper Sandler reduced their price target on Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. The Goldman Sachs Group boosted their price objective on Robinhood Markets from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday. Needham & Company LLC cut their price objective on Robinhood Markets from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Zacks Research cut Robinhood Markets from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $155.00 price objective on shares of Robinhood Markets in a research report on Thursday, May 28th. Nineteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average price target of $106.54.

Robinhood Markets News Roundup

Here are the key news stories impacting Robinhood Markets this week:

• Positive Sentiment: Director Meyer Malka bought 181,000 shares for about $15.1 million, a notable insider purchase that signals confidence in Robinhood’s outlook and helped support sentiment around the stock.
• Positive Sentiment: Robinhood is getting a fresh growth narrative from its plan to open SpaceX IPO access to everyday investors, which could attract new users, deposits, and more engagement on the platform. Article Title
• Positive Sentiment: FINRA’s elimination of the pattern day trader rule removes a major barrier for small-account traders, which could broaden Robinhood’s addressable market and increase trading activity. Article Title
• Positive Sentiment: Goldman Sachs raised its price target on HOOD to $105 and kept a buy rating, reinforcing a constructive view on the stock despite recent volatility.
• Positive Sentiment: Robinhood continues expanding beyond basic brokerage with advisor-network, AI, and wealth-management initiatives, which investors may see as a path to higher-quality recurring revenue. Article Title

About Robinhood Markets

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.