Handelsbanken Fonder AB Acquires 65,019 Shares of Robinhood Markets, Inc. $HOOD

Handelsbanken Fonder AB lifted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 25.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 324,190 shares of the company’s stock after purchasing an additional 65,019 shares during the quarter. Handelsbanken Fonder AB’s holdings in Robinhood Markets were worth $36,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Command Advisory Services Inc. lifted its holdings in shares of Robinhood Markets by 33.8% during the 3rd quarter. First Command Advisory Services Inc. now owns 321 shares of the company’s stock worth $46,000 after acquiring an additional 81 shares during the period. Evolution Wealth Advisors LLC lifted its holdings in shares of Robinhood Markets by 5.2% during the 4th quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock worth $217,000 after acquiring an additional 95 shares during the period. CogentBlue Wealth Advisors LLC lifted its holdings in shares of Robinhood Markets by 4.1% during the 4th quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock worth $282,000 after acquiring an additional 98 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Robinhood Markets by 107.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 99 shares during the period. Finally, Vision Financial Markets LLC lifted its holdings in shares of Robinhood Markets by 100.0% during the 3rd quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Stock Down 3.9%

Shares of Robinhood Markets stock opened at $74.15 on Wednesday. The stock has a market capitalization of $66.77 billion, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 2.50 and a beta of 2.29. The company has a 50-day simple moving average of $76.33 and a 200 day simple moving average of $97.57. Robinhood Markets, Inc. has a 12-month low of $62.63 and a 12-month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on HOOD. Argus reduced their price objective on shares of Robinhood Markets from $102.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Mizuho increased their target price on shares of Robinhood Markets from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods dropped their target price on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Wolfe Research upgraded shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 target price for the company in a research report on Monday, February 9th. Finally, Loop Capital set a $130.00 target price on shares of Robinhood Markets in a research report on Monday, February 9th. Eighteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $107.88.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CFO Shiv Verma sold 5,436 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $77.36, for a total value of $420,528.96. Following the completion of the sale, the chief financial officer owned 47,311 shares in the company, valued at approximately $3,659,978.96. This trade represents a 10.31% decrease in their position. The transaction was disclosed in a legal 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 Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $76.89, for a total transaction of $768,900.00. Following the completion of the sale, the insider owned 432,849 shares of the company’s stock, valued at $33,281,759.61. The trade was a 2.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 493,343 shares of company stock worth $35,864,569. Corporate insiders own 19.95% of the company’s stock.

Robinhood Markets News Summary

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

• Positive Sentiment: Robinhood’s management is presenting at J.P. Morgan’s Global Technology, Media and Communications Conference, which can help reinforce the company’s growth story and give investors updates on trading activity, platform engagement, and product expansion. Robinhood Markets, Inc. (HOOD) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Positive Sentiment: A recent article noted that Robinhood continues to attract investor attention after strong April operating data and a positive analyst review, suggesting core business trends remain supportive even after crypto volumes cooled. Why Robinhood (HOOD) Stock Is Up Today
• Neutral Sentiment: Robinhood’s CFO, Shiv Verma, sold shares under a pre-arranged 10b5-1 plan. While routine, insider sales can still add to short-term caution around the stock. Robinhood Markets, Inc. insider transaction details
• Negative Sentiment: Investors are also reacting to concerns that Robinhood could lose from Congress’s prediction-market bill frenzy, which raises uncertainty around a business area linked to event-based trading activity. Why Robinhood (HOOD) stock may stand to lose from Congress’s prediction market bill frenzy
• Negative Sentiment: Another bearish note says Robinhood’s customers are staying away, reflecting skepticism that weaker engagement and trading activity can support near-term growth. Robinhood’s Customers Are Staying Away, You Should Too

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.