Robinhood Markets, Inc. $HOOD Shares Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. raised its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 4.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,840 shares of the company’s stock after purchasing an additional 8,952 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Robinhood Markets were worth $15,740,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HOOD. Empowered Funds LLC lifted its position in Robinhood Markets by 46.7% during the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock worth $2,076,000 after buying an additional 15,885 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Robinhood Markets in the second quarter worth about $5,105,000. Federated Hermes Inc. raised its stake in shares of Robinhood Markets by 106.2% in the second quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock worth $5,988,000 after acquiring an additional 32,933 shares during the last quarter. NewEdge Advisors LLC lifted its position 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 worth $8,396,000 after purchasing an additional 14,356 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new stake in shares of Robinhood Markets during the second quarter valued at approximately $1,316,000. Institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other Robinhood Markets news, insider Steven M. Quirk sold 19,377 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $119.96, for a total transaction of $2,324,464.92. Following the sale, the insider directly owned 62,612 shares of the company’s stock, valued at $7,510,935.52. The trade was a 23.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $116.14, for a total value of $1,161,400.00. Following the transaction, the insider directly owned 471,396 shares of the company’s stock, valued at $54,747,931.44. This trade represents a 2.08% 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. Over the last 90 days, insiders have purchased 680,000 shares of company stock valued at $55,306,560 and have sold 659,112 shares valued at $68,741,158. Company insiders own 14.47% of the company’s stock.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Morgan Stanley raised its price target on Robinhood Markets (HOOD) to $124 from $95, which signals improved upside expectations even though the firm kept an equal-weight rating.
• Positive Sentiment: Barclays also turned more bullish earlier in the week, lifting its target to $122 and maintaining an overweight rating, reinforcing analyst confidence in HOOD’s growth outlook.
• Positive Sentiment: Robinhood Chain is drawing major attention after quickly climbing into the top tier of blockchains by 24-hour DEX volume, with articles highlighting surging activity, meme-coin trading, and broader crypto engagement that could boost Robinhood’s platform relevance. Article: HOOD Stock Drops Despite Price Target Hike — Robinhood Chain Beats ARB, HYPE, NEAR In DEX Trading
• Positive Sentiment: CEO Vlad Tenev’s comments about expanding stock ownership and broadening access to investing keep the long-term growth story in focus, especially as Robinhood adds new products and markets. Article: Robinhood CEO Vlad Tenev Says ‘Only 62% of Americans’ Exposed to Stocks: ‘I’d Like to Get That to 100’
• Neutral Sentiment: Several reports note Robinhood remains heavily followed by investors and analysts, but these are more confirmation of elevated attention than new fundamental information.
• Negative Sentiment: Recent insider selling, including sales by a Robinhood director and ongoing ARK Invest trimming of HOOD shares, may be weighing on sentiment even though some trades were pre-planned under Rule 10b5-1.

Robinhood Markets Stock Down 2.7%

Robinhood Markets stock traded down $3.14 during mid-day trading on Friday, hitting $111.97. 25,855,002 shares of the company’s stock were exchanged, compared to its average volume of 28,705,120. The company’s 50 day simple moving average is $91.01 and its 200-day simple moving average is $89.48. The firm has a market capitalization of $100.83 billion, a P/E ratio of 54.09, a PEG ratio of 2.57 and a beta of 2.33. Robinhood Markets, Inc. has a fifty-two week low of $63.51 and a fifty-two week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results 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). 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 the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $0.37 earnings per share. Robinhood Markets’s revenue for the quarter was up 15.1% compared to the same quarter last year. Research analysts expect that Robinhood Markets, Inc. will post 1.82 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Zacks Research upgraded Robinhood Markets from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Loop Capital set a $110.00 target price on Robinhood Markets in a research report on Wednesday, June 17th. Wall Street Zen raised Robinhood Markets from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Citigroup reiterated a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $155.00 price objective on shares of Robinhood Markets in a research report on Thursday, May 28th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

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.