Raiffeisen Bank International AG Sells 24,095 Shares of Robinhood Markets, Inc. $HOOD

Raiffeisen Bank International AG cut its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 20.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,352 shares of the company’s stock after selling 24,095 shares during the quarter. Raiffeisen Bank International AG’s holdings in Robinhood Markets were worth $11,008,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HOOD. Empowered Funds LLC increased its holdings in shares of Robinhood Markets by 46.7% during the first quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after acquiring an additional 15,885 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Robinhood Markets during the second quarter valued at $5,105,000. Federated Hermes Inc. increased its holdings in shares of Robinhood Markets by 106.2% during the second quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock valued at $5,988,000 after acquiring an additional 32,933 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Robinhood Markets by 19.1% during the second quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock valued at $8,396,000 after acquiring an additional 14,356 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new position in shares of Robinhood Markets during the second quarter valued at $1,316,000. 93.27% of the stock is currently owned by institutional investors.

Insider Activity at Robinhood Markets

In related news, insider Steven M. Quirk sold 10,837 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $85.91, for a total transaction of $931,006.67. Following the sale, the insider owned 81,989 shares in the company, valued at approximately $7,043,674.99. This represents a 11.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 5,436 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $77.36, for a total value of $420,528.96. Following the transaction, the chief financial officer directly owned 47,311 shares in the company, valued at $3,659,978.96. The trade was a 10.31% decrease in their position. 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 ninety days, insiders have bought 680,000 shares of company stock worth $55,306,560 and have sold 571,602 shares worth $41,959,746. 14.47% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood received regulatory approval for its securities division to act as an IPO underwriter, a meaningful expansion beyond its existing IPO Access product and a potential new source of fee revenue. Robinhood Just Won Approval to Underwrite IPOs, Right Before SpaceX’s Blockbuster Market Debut. Here’s Why the Timing Matters.
• Positive Sentiment: Analysts and market commentary say the move strengthens Robinhood’s “super-app” ambitions by giving it a bigger role in IPO distribution and potentially improving user retention through more attractive investing tools. HOOD’s IPO Underwriting Approval Strengthens Its Super-App Ambitions
• Positive Sentiment: Robinhood also received a price-target increase from Needham to $97 with a Buy rating, reflecting optimism around the company’s growth prospects and recent strategic wins. Robinhood Markets had its price target raised by Needham & Company LLC from $85.00 to $97.00.
• Neutral Sentiment: One insider buying report highlighted director Micky Malka purchasing shares, which can signal confidence but is not, by itself, a major fundamental catalyst. A Robinhood Insider Just Bought a Boatload of Shares of the Beaten-Down Stock. Should Investors Follow Suit?
• Negative Sentiment: At the same time, some coverage of the upcoming SpaceX debut warned that high valuations and weak shareholder protections could make the broader IPO environment risky, which may temper enthusiasm if sentiment around new listings sours. SpaceX’s stock market debut: Five risks investors need to know

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HOOD shares. Morgan Stanley reduced their price target on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $110.00 price objective on shares of Robinhood Markets in a research note on Tuesday. Loop Capital set a $94.00 price target on Robinhood Markets in a report on Wednesday, May 27th. Citigroup reissued a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. Finally, The Goldman Sachs Group boosted their price target on Robinhood Markets from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.73.

Robinhood Markets Price Performance

Shares of HOOD opened at $92.23 on Friday. The stock has a market capitalization of $83.05 billion, a price-to-earnings ratio of 44.56, a price-to-earnings-growth ratio of 2.16 and a beta of 2.35. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86. The business’s 50 day simple moving average is $79.63 and its 200-day simple moving average is $92.17.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the company posted $0.37 EPS. The business’s quarterly revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 1.83 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.