Robinhood Markets, Inc. $HOOD Stake Cut by Tredje AP fonden

Tredje AP fonden cut its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 31.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 84,215 shares of the company’s stock after selling 38,983 shares during the period. Tredje AP fonden’s holdings in Robinhood Markets were worth $9,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Caisse Des Depots ET Consignations bought a new position in Robinhood Markets during the third quarter worth $3,984,000. Aberdeen Group plc increased its position in Robinhood Markets by 565.1% in the third quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock worth $26,565,000 after buying an additional 157,643 shares during the period. Jennison Associates LLC acquired a new stake in Robinhood Markets in the third quarter worth $322,823,000. NEOS Investment Management LLC acquired a new stake in Robinhood Markets in the third quarter worth $11,994,000. Finally, New York Life Investment Management LLC acquired a new stake in Robinhood Markets in the third quarter worth $14,989,000. 93.27% of the stock is currently owned by institutional investors.

More Robinhood Markets News

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

Analysts Set New Price Targets

Several brokerages have weighed in on HOOD. Needham & Company LLC dropped their target price on Robinhood Markets from $95.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a research report on Friday, March 27th. Compass Point reaffirmed a “buy” rating on shares of Robinhood Markets in a research report on Wednesday, February 11th. Argus dropped their target price on Robinhood Markets from $102.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $110.00 target price on shares of Robinhood Markets in a research report on Wednesday, April 29th. Eighteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.88.

Insider Buying and Selling at Robinhood Markets

In related news, CTO Jeffrey Tsvi Pinner sold 5,835 shares of Robinhood Markets stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $83.92, for a total transaction of $489,673.20. Following the sale, the chief technology officer directly owned 12,171 shares in the company, valued at $1,021,390.32. The trade was a 32.41% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, CFO Shiv Verma sold 5,436 shares of Robinhood Markets stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $77.36, for a total transaction of $420,528.96. Following the sale, the chief financial officer owned 47,311 shares in the company, valued at approximately $3,659,978.96. This represents a 10.31% 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. Over the last quarter, insiders sold 493,343 shares of company stock valued at $35,864,569. 19.95% of the stock is currently owned by insiders.

Robinhood Markets Stock Down 3.9%

Shares of NASDAQ HOOD opened at $74.15 on Wednesday. Robinhood Markets, Inc. has a fifty-two week low of $62.63 and a fifty-two week high of $153.86. The firm’s 50-day simple moving average is $76.33 and its 200 day simple moving average is $97.57. The stock has a market cap of $66.77 billion, a P/E ratio of 35.82, a P/E/G ratio of 2.50 and a beta of 2.29.

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

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.