Kestra Private Wealth Services LLC Has $3.11 Million Stock Position in Robinhood Markets, Inc. $HOOD

Kestra Private Wealth Services LLC increased its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 55.8% during the first quarter, Holdings Channel reports. The firm owned 44,941 shares of the company’s stock after acquiring an additional 16,087 shares during the period. Kestra Private Wealth Services LLC’s holdings in Robinhood Markets were worth $3,114,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HOOD. Evolution Wealth Advisors LLC lifted its position in Robinhood Markets by 5.2% during the fourth quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock worth $217,000 after purchasing an additional 95 shares during the period. CogentBlue Wealth Advisors LLC increased its holdings in Robinhood Markets by 4.1% in the 4th quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock valued at $282,000 after buying an additional 98 shares during the period. SOA Wealth Advisors LLC. increased its holdings in Robinhood Markets by 11.5% in the 4th quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock valued at $109,000 after buying an additional 100 shares during the period. Barnes Dennig Private Wealth Management LLC raised its position in shares of Robinhood Markets by 10.2% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 1,210 shares of the company’s stock valued at $137,000 after buying an additional 112 shares in the last quarter. Finally, Bogart Wealth LLC raised its position in shares of Robinhood Markets by 8.5% in the 4th quarter. Bogart Wealth LLC now owns 1,463 shares of the company’s stock valued at $165,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

More Robinhood Markets News

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

• Positive Sentiment: BTIG initiated coverage on Robinhood with a Buy rating and a $125 price target, saying the company has a long runway for asset growth, customer engagement, and product expansion. The new bullish call is likely helping sentiment. Article Title
• Positive Sentiment: Robinhood closed its $2.2 billion offering of 0.00% convertible senior notes due 2029, giving it more financial flexibility. Management also said capped calls and a share repurchase mean the deal should limit dilution unless the stock rises much further, which may reassure investors. Article Title
• Positive Sentiment: Robinhood is also promoting growth through customer perks, including World Cup ticket giveaways to boost its Gold subscriber base, suggesting continued efforts to deepen engagement and subscription revenue. Article Title
• Neutral Sentiment: Robinhood is attracting investor attention as a high-yield ETF idea and continues to appear in market roundups, but these items are more about trading interest than a direct business catalyst. Article Title
• Neutral Sentiment: A comparison piece on SCHW vs. HOOD frames Robinhood as a value debate rather than providing a new company-specific catalyst. Article Title
• Negative Sentiment: Robinhood previously fell after reports that Meta is developing a competing prediction-markets app, raising concerns about future competition in one of Robinhood’s newer growth areas. Article Title

Insider Activity

In related news, Director Meyer Malka purchased 250,000 shares of the stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $80.74 per share, for a total transaction of $20,185,000.00. Following the completion of the acquisition, the director owned 3,924,427 shares of the company’s stock, valued at approximately $316,858,235.98. This represents a 6.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven M. Quirk sold 10,837 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $85.91, for a total value of $931,006.67. Following the completion of the transaction, the insider owned 81,989 shares of the company’s stock, valued at $7,043,674.99. The trade was a 11.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have purchased 680,000 shares of company stock valued at $55,306,560 and have sold 633,484 shares valued at $47,542,923. Corporate insiders own 14.47% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Truist Financial lowered their price objective on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, April 13th. BTIG Research initiated coverage on Robinhood Markets in a research note on Friday. They set a “buy” rating and a $125.00 target price for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $110.00 target price on shares of Robinhood Markets in a report on Tuesday, June 9th. Finally, Wall Street Zen upgraded Robinhood Markets from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Nineteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.68.

Robinhood Markets Trading Up 5.6%

HOOD opened at $98.69 on Friday. The company has a market cap of $88.87 billion, a P/E ratio of 47.68, a PEG ratio of 2.32 and a beta of 2.35. The company’s 50 day moving average is $85.85 and its 200-day moving average is $90.41. 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 quarterly earnings data 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 company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.Robinhood Markets’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. On average, equities analysts forecast that Robinhood Markets, Inc. will post 1.81 EPS for the current 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.