Hound Partners LLC Makes New Investment in Robinhood Markets, Inc. $HOOD

Hound Partners LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,055,555 shares of the company’s stock, valued at approximately $73,150,000. Robinhood Markets comprises 9.2% of Hound Partners LLC’s investment portfolio, making the stock its 5th largest position.

Several other hedge funds have also bought and sold shares of HOOD. SummitTX Capital L.P. acquired a new stake in shares of Robinhood Markets during the 1st quarter worth about $3,899,000. Multicoin Capital Management LLC bought a new stake in shares of Robinhood Markets during the 1st quarter worth about $47,131,000. Weiss Asset Management LP acquired a new position in Robinhood Markets in the 1st quarter valued at about $20,165,000. Insight Holdings Group LLC grew its stake in Robinhood Markets by 0.8% in the 1st quarter. Insight Holdings Group LLC now owns 42,035 shares of the company’s stock valued at $2,913,000 after buying an additional 320 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its holdings in Robinhood Markets by 53.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 23,241 shares of the company’s stock valued at $1,611,000 after acquiring an additional 8,054 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $94.91 on Monday. The firm has a market capitalization of $85.47 billion, a price-to-earnings ratio of 45.85, a P/E/G ratio of 2.00 and a beta of 2.33. The firm’s 50 day simple moving average is $96.52 and its 200 day simple moving average is $88.37. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. On average, equities research analysts forecast that Robinhood Markets, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. The Goldman Sachs Group increased their target price on Robinhood Markets from $121.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Wall Street Zen raised Robinhood Markets from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. KeyCorp boosted their price target on Robinhood Markets from $100.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Finally, Zacks Research raised Robinhood Markets from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and an average target price of $122.22.

Robinhood Markets News Roundup

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

• Positive Sentiment: Robinhood is getting support from analyst optimism, including a recent upgrade and a view that the stock could rise further ahead of earnings. Robinhood Markets (NASDAQ:HOOD) Trading 7.1% Higher on Analyst Upgrade
• Positive Sentiment: Market commentary highlighted Robinhood and Hyperliquid as potential leaders in the next crypto bull market, reinforcing investor interest in Robinhood’s crypto-linked growth opportunity. Robinhood, Hyperliquid could lead crypto’s next bull market…
• Positive Sentiment: Analysts and investors are focusing on upcoming Q2 metrics, which suggests the market is looking for a potentially meaningful earnings-related catalyst. Curious about Robinhood Markets (HOOD) Q2 Performance?
• Neutral Sentiment: Robinhood’s CEO X account was reportedly hacked to promote a fake memecoin, a headline that could raise some reputational noise but does not appear tied to the company’s core operations. Robinhood CEO’s X Account Hacked to Promote Fake Memecoin
• Neutral Sentiment: Recent coverage also centered on Robinhood’s growing product ecosystem, including Gold card adoption and a new Platinum card launch, but this was offset by ARK Invest reducing its position. Cathie Wood’s ARK Sells HOOD Stock Again…
• Negative Sentiment: Shares have been pressured by broader tech weakness, recent ARK selling, and caution ahead of earnings, which helped drive the stock lower in recent sessions. Why Is Robinhood Stock Falling on Thursday?
• Negative Sentiment: In the most recent reported trading session, HOOD also underperformed the broader market, adding to near-term weakness. Robinhood Markets, Inc. (HOOD) Suffers a Larger Drop Than the General Market

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 19,377 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $119.96, for a total transaction of $2,324,464.92. Following the completion of the transaction, the insider directly owned 62,612 shares in the company, valued at $7,510,935.52. This trade represents a 23.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 67,422 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $75.38, for a total transaction of $5,082,270.36. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have purchased 680,000 shares of company stock worth $55,306,560 and have sold 582,040 shares worth $62,113,242. Corporate insiders own 13.48% of the company’s stock.

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.