Havemeyer Place LP Takes $4.16 Million Position in Robinhood Markets, Inc. $HOOD

Havemeyer Place LP acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 36,796 shares of the company’s stock, valued at approximately $4,162,000. Robinhood Markets comprises about 0.8% of Havemeyer Place LP’s holdings, making the stock its 8th biggest holding.

Several other large investors also recently made changes to their positions in the stock. Vestcor Inc boosted its holdings in shares of Robinhood Markets by 27.8% in the 4th quarter. Vestcor Inc now owns 27,316 shares of the company’s stock valued at $3,089,000 after buying an additional 5,942 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of Robinhood Markets by 52.6% in the 4th quarter. MCF Advisors LLC now owns 377 shares of the company’s stock valued at $43,000 after buying an additional 130 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Robinhood Markets by 5.0% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 173,699 shares of the company’s stock valued at $19,645,000 after buying an additional 8,293 shares during the last quarter. Pinebridge Investments LLC acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $5,966,000. Finally, BIT Capital GmbH boosted its holdings in shares of Robinhood Markets by 18.0% in the 4th quarter. BIT Capital GmbH now owns 834,578 shares of the company’s stock valued at $94,391,000 after buying an additional 127,087 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Trading Down 6.6%

HOOD opened at $82.47 on Friday. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86. The stock’s fifty day simple moving average is $78.09 and its 200 day simple moving average is $93.03. The stock has a market cap of $74.27 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 2.47 and a beta of 2.35.

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 net margin of 41.12% and a return on equity of 21.39%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $0.37 EPS. The firm’s revenue was up 15.1% on a year-over-year basis. Equities analysts forecast that Robinhood Markets, Inc. will post 1.85 earnings per share for the current year.

Analysts Set New Price Targets

HOOD has been the subject of several recent analyst reports. Jefferies Financial Group cut their price objective on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a report on Monday, April 6th. Mizuho increased their price target on Robinhood Markets from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. KeyCorp restated an “overweight” rating and issued a $100.00 price target on shares of Robinhood Markets in a research note on Monday, June 1st. Needham & Company LLC dropped their price target on Robinhood Markets from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, New Street Research set a $122.00 price target on Robinhood Markets in a research note on Thursday, March 5th. Nineteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.54.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Director Meyer Malka bought 181,000 shares for about $15.1 million, a notable insider purchase that signals confidence in Robinhood’s outlook and helped support sentiment around the stock.
• Positive Sentiment: Robinhood is getting a fresh growth narrative from its plan to open SpaceX IPO access to everyday investors, which could attract new users, deposits, and more engagement on the platform. Article Title
• Positive Sentiment: FINRA’s elimination of the pattern day trader rule removes a major barrier for small-account traders, which could broaden Robinhood’s addressable market and increase trading activity. Article Title
• Positive Sentiment: Goldman Sachs raised its price target on HOOD to $105 and kept a buy rating, reinforcing a constructive view on the stock despite recent volatility.
• Positive Sentiment: Robinhood continues expanding beyond basic brokerage with advisor-network, AI, and wealth-management initiatives, which investors may see as a path to higher-quality recurring revenue. Article Title

Insider Activity

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $76.89, for a total transaction of $768,900.00. Following the transaction, the insider owned 432,849 shares in the company, valued at $33,281,759.61. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meyer Malka acquired 249,000 shares of the stock in a transaction on Thursday, May 28th. The shares were purchased at an average price of $80.39 per share, for a total transaction of $20,017,110.00. Following the transaction, the director directly owned 3,493,427 shares in the company, valued at approximately $280,836,596.53. This trade represents a 7.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have sold 571,602 shares of company stock worth $41,959,746. Corporate insiders own 14.47% of the company’s stock.

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.