MKP Capital Management L.L.C. Takes Position in Robinhood Markets, Inc. $HOOD

MKP Capital Management L.L.C. acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the fourth quarter, Holdings Channel.com reports. The fund acquired 200,000 shares of the company’s stock, valued at approximately $22,620,000. Robinhood Markets comprises about 0.8% of MKP Capital Management L.L.C.’s holdings, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of HOOD. Sound Income Strategies LLC lifted its position in shares of Robinhood Markets by 152.6% during the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after acquiring an additional 145 shares during the last quarter. CYBER HORNET ETFs LLC lifted its position in shares of Robinhood Markets by 527.8% during the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Robinhood Markets during the 4th quarter valued at $27,000. Godsey & Gibb Inc. acquired a new stake in shares of Robinhood Markets during the 4th quarter valued at $28,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of Robinhood Markets by 90.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 268 shares of the company’s stock valued at $28,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Trading Down 3.8%

NASDAQ HOOD opened at $90.73 on Tuesday. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86. The company has a market capitalization of $81.70 billion, a PE ratio of 43.83, a price-to-earnings-growth ratio of 2.94 and a beta of 2.35. The firm’s fifty day simple moving average is $76.96 and its 200-day simple moving average is $93.93.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results 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 return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted $0.37 earnings per share. The company’s revenue was up 15.1% compared to the same quarter last year. As a group, analysts predict that Robinhood Markets, Inc. will post 1.83 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on HOOD. Cantor Fitzgerald reiterated an “overweight” rating and set a $110.00 price objective on shares of Robinhood Markets in a research report on Wednesday, April 29th. Wall Street Zen downgraded Robinhood Markets from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Needham & Company LLC reduced their target price on Robinhood Markets from $95.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Barclays reduced their target price on Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reduced their target price on Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Nineteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.96.

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 8,540 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $84.93, for a total value of $725,302.20. Following the transaction, the insider directly owned 53,183 shares of the company’s stock, valued at approximately $4,516,832.19. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares in the company, valued at $26,186,250. This trade represents a 50.00% 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. Insiders sold a total of 550,765 shares of company stock valued at $40,191,940 in the last three months. Company insiders own 19.95% of the company’s stock.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood completed its acquisition of WonderFi, giving it a faster route into the Canadian crypto market and expanding its international footprint. Robinhood Completes Acquisition of WonderFi
• Positive Sentiment: KeyCorp reaffirmed an Overweight rating and set a $100 price target, signaling Wall Street still sees upside from recent levels. Benzinga report on KeyCorp rating
• Positive Sentiment: Insider buying also supported sentiment, with director Meyer Malka purchasing 249,000 shares, a sizable vote of confidence in the company’s outlook. SEC filing
• Neutral Sentiment: Robinhood continues to attract attention for its new AI-powered trading and banking tools, which could broaden its product suite and boost engagement over time. Robinhood Markets (HOOD) Is Up 28.1% After Launching Agentic AI Trading And Credit Card Tools
• Neutral Sentiment: The Supreme Court is seeking input from the Solicitor General and White House on Robinhood’s appeal in an IPO-related investor lawsuit, keeping legal risk in focus. Supreme Court Seeks Solicitor General’s View of Robinhood’s Appeal of Alleged IPO Omissions
• Negative Sentiment: Binance’s rollout of U.S. stock and ETF trading adds another well-capitalized competitor entering Robinhood’s brokerage turf, increasing competitive pressure. Crypto exchange Binance rolls out trading in US stocks, ETFs

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.