Robinhood Markets, Inc. $HOOD Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 1,063.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 361,741 shares of the company’s stock after acquiring an additional 330,655 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Robinhood Markets were worth $25,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in Robinhood Markets by 46.7% in the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after purchasing an additional 15,885 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Robinhood Markets in the 2nd quarter valued at approximately $5,105,000. Federated Hermes Inc. increased its holdings in shares of Robinhood Markets by 106.2% during the 2nd quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock worth $5,988,000 after buying an additional 32,933 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Robinhood Markets by 19.1% during the 2nd quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock valued at $8,396,000 after buying an additional 14,356 shares during the period. Finally, Nebula Research & Development LLC purchased a new stake in shares of Robinhood Markets during the 2nd quarter valued at approximately $1,316,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Vladimir Tenev sold 375,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $116.17, for a total transaction of $43,563,750.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares in the company, valued at $43,563,750. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $116.14, for a total value of $1,161,400.00. Following the completion of the transaction, the insider directly owned 471,396 shares of the company’s stock, valued at approximately $54,747,931.44. This represents a 2.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders acquired 680,000 shares of company stock valued at $55,306,560 and sold 582,040 shares valued at $62,113,242. Corporate insiders own 13.48% of the company’s stock.

Key Robinhood Markets News

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

Analyst Ratings Changes

A number of research analysts recently commented on HOOD shares. The Goldman Sachs Group upped their price objective on Robinhood Markets from $121.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, July 16th. BTIG Research restated a “buy” rating and issued a $125.00 target price on shares of Robinhood Markets in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft upped their price target on Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Citigroup reissued a “market outperform” rating on shares of Robinhood Markets in a research report on Thursday, May 28th. Finally, China Renaissance initiated coverage on shares of Robinhood Markets in a report on Tuesday, July 7th. They issued a “buy” rating on the stock. Twenty-one research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.22.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $94.91 on Monday. The company has a market capitalization of $85.47 billion, a PE ratio of 45.85, a price-to-earnings-growth ratio of 2.00 and a beta of 2.33. Robinhood Markets, Inc. has a fifty-two week low of $63.51 and a fifty-two week high of $153.86. The firm has a 50 day moving average price of $96.52 and a 200 day moving average price of $88.37.

Robinhood Markets (NASDAQ:HOOD) last released 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). 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 analyst estimates of $1.14 billion. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, equities research analysts forecast that Robinhood Markets, Inc. will post 1.86 earnings per share for the current year.

Robinhood Markets 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.