7,866 Shares in Robinhood Markets, Inc. $HOOD Purchased by Littlejohn Financial Services Inc.

Littlejohn Financial Services Inc. bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the first quarter, HoldingsChannel.com reports. The fund bought 7,866 shares of the company’s stock, valued at approximately $545,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC lifted its stake 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 buying an additional 15,885 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Robinhood Markets in the 2nd quarter worth approximately $5,105,000. Federated Hermes Inc. raised its holdings in Robinhood Markets by 106.2% in the 2nd 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 during the last quarter. NewEdge Advisors LLC increased its stake in Robinhood Markets by 19.1% in the second quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock valued at $8,396,000 after purchasing an additional 14,356 shares during the last quarter. Finally, Nebula Research & Development LLC purchased a new stake in Robinhood Markets in the 2nd quarter valued at about $1,316,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of Robinhood Markets from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Keefe, Bruyette & Woods lowered their target price on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. KeyCorp reaffirmed an “overweight” rating and set a $100.00 price target on shares of Robinhood Markets in a research report on Monday, June 1st. Wall Street Zen raised shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, Citigroup reiterated a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. Nineteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.68.

Robinhood Markets News Summary

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 at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $76.89, for a total transaction of $768,900.00. Following the sale, the insider directly owned 432,849 shares in the company, valued at approximately $33,281,759.61. This trade represents a 2.26% decrease in their position. The sale was disclosed in a 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, Director Baiju Bhatt sold 67,422 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $75.38, for a total value of $5,082,270.36. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have acquired 680,000 shares of company stock valued at $55,306,560 and have sold 633,484 shares valued at $47,542,923. Company insiders own 19.95% of the company’s stock.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $98.69 on Monday. The company has a market cap of $88.87 billion, a PE ratio of 47.68, a P/E/G ratio of 2.32 and a beta of 2.35. The company’s fifty day simple moving average is $85.85 and its 200-day simple moving average is $90.09. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced 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 business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company posted $0.37 earnings per share. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities research analysts expect that Robinhood Markets, Inc. will post 1.81 EPS for the current fiscal year.

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.