Cetera Investment Advisers Purchases 61,314 Shares of Robinhood Markets, Inc. $HOOD

Cetera Investment Advisers raised its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 13.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 532,448 shares of the company’s stock after purchasing an additional 61,314 shares during the quarter. Cetera Investment Advisers’ holdings in Robinhood Markets were worth $36,899,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Truist Financial Corp raised its holdings in Robinhood Markets by 88.9% during the fourth quarter. Truist Financial Corp now owns 145,489 shares of the company’s stock valued at $16,455,000 after acquiring an additional 68,458 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Robinhood Markets by 86.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 100,849 shares of the company’s stock valued at $11,406,000 after acquiring an additional 46,688 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Robinhood Markets by 196.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 722,857 shares of the company’s stock worth $81,755,000 after acquiring an additional 478,919 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Robinhood Markets by 100.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 60,000 shares of the company’s stock worth $6,786,000 after acquiring an additional 30,000 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its stake in shares of Robinhood Markets by 107.8% in the fourth quarter. Swiss Life Asset Management Ltd now owns 272,604 shares of the company’s stock worth $30,832,000 after acquiring an additional 141,440 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Robinhood Markets

In related news, Director Paula Loop sold 8,336 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $120.00, for a total value of $1,000,320.00. Following the completion of the transaction, the director directly owned 63,674 shares of the company’s stock, valued at approximately $7,640,880. This trade represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Oluwadara Johnson Treseder sold 3,750 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $117.50, for a total transaction of $440,625.00. Following the completion of the sale, the director owned 72,442 shares in the company, valued at $8,511,935. This represents a 4.92% 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. Over the last ninety days, insiders bought 680,000 shares of company stock worth $55,306,560 and sold 587,875 shares worth $62,602,915. Insiders own 13.48% of the company’s stock.

Analysts Set New Price Targets

HOOD has been the topic of several recent analyst reports. Jefferies Financial Group decreased their target price on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Truist Financial dropped their price target on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Wall Street Zen raised shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Argus increased their price objective on shares of Robinhood Markets from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Finally, BTIG Research reiterated a “buy” rating and set a $125.00 price objective on shares of Robinhood Markets in a research report on Thursday, July 2nd. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.22.

Key Headlines Impacting Robinhood Markets

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

Robinhood Markets Trading Down 6.6%

NASDAQ:HOOD opened at $94.91 on Friday. The company has a market capitalization of $85.47 billion, a P/E ratio of 45.85, a P/E/G ratio of 2.00 and a beta of 2.33. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The business’s 50-day moving average is $96.52 and its 200 day moving average is $88.61.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $1.07 billion for 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%. Robinhood Markets’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. On average, research analysts forecast that Robinhood Markets, Inc. will post 1.86 earnings per share for the current year.

Robinhood Markets Company 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.