Bleakley Financial Group LLC Decreases Stock Holdings in Robinhood Markets, Inc. $HOOD

Bleakley Financial Group LLC decreased its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 39.1% during the first quarter, HoldingsChannel reports. The firm owned 15,296 shares of the company’s stock after selling 9,805 shares during the quarter. Bleakley Financial Group LLC’s holdings in Robinhood Markets were worth $1,060,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Sound Income Strategies LLC raised its holdings in Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after buying an additional 145 shares during the last quarter. CYBER HORNET ETFs LLC increased its stake in shares of Robinhood Markets by 527.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares in the last quarter. Elyxium Wealth LLC bought a new position in Robinhood Markets in the 4th quarter worth $27,000. MV Capital Management Inc. purchased a new position in Robinhood Markets during the fourth quarter valued at $27,000. Finally, Swiss RE Ltd. purchased a new position in Robinhood Markets during the fourth quarter valued at $27,000. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets Stock Down 5.7%

Shares of HOOD opened at $99.96 on Friday. The company has a 50 day moving average of $94.26 and a two-hundred day moving average of $89.09. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. The company has a market cap of $90.01 billion, a price-to-earnings ratio of 48.29, a price-to-earnings-growth ratio of 2.24 and a beta of 2.33.

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 the consensus estimate of $0.39 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 1.86 EPS for the current year.

Key Robinhood Markets News

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

• Positive Sentiment: Goldman Sachs raised its price target on Robinhood to $137 from $121 and reiterated a Buy rating ahead of earnings, signaling confidence in the company’s growth potential and implying meaningful upside from current levels. Goldman Sachs raises price target on Robinhood ahead of earnings
• Neutral Sentiment: Robinhood is drawing heavy investor attention online, with Zacks noting that the stock has become a trending name; this reflects interest rather than a direct fundamental catalyst. Robinhood Markets, Inc. (HOOD) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Robinhood recently benefited from a broad market upswing and has continued to trade well above its 50-day and 200-day moving averages, but that momentum has been offset by a more volatile tape in recent sessions. Robinhood Markets, Inc. (HOOD) Beats Stock Market Upswing: What Investors Need to Know
• Negative Sentiment: Brokerage stocks, including Robinhood, were hit by a Nasdaq-100 selloff and a decline in crypto prices, both of which can reduce trading activity and weigh on revenue expectations. Robinhood Drops 4%, Webull Tumbles 6% as NASDAQ 100 Selloff and Crypto Dip Hit Retail-Brokerage Stocks
• Negative Sentiment: Reports that Robinhood is selling $400 million of credit-card asset-backed bonds added to investor caution, likely feeding concerns about financing activity and broader market stress. Why Is Robinhood Stock Falling on Friday?

Insider Buying and Selling

In related news, Director Paula Loop sold 8,336 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $120.00, for a total value of $1,000,320.00. Following the completion of the sale, the director owned 63,674 shares of the company’s stock, valued at approximately $7,640,880. This represents a 11.58% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Oluwadara Johnson Treseder sold 3,750 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $117.50, for a total transaction of $440,625.00. Following the transaction, the director directly owned 72,442 shares of the company’s stock, valued at approximately $8,511,935. This trade represents a 4.92% 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 90 days, insiders have acquired 680,000 shares of company stock worth $55,306,560 and have sold 587,875 shares worth $62,602,915. Insiders own 13.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HOOD shares. Zacks Research raised Robinhood Markets from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Loop Capital set a $110.00 target price on Robinhood Markets in a report on Wednesday, June 17th. KeyCorp restated an “overweight” rating and set a $100.00 price target on shares of Robinhood Markets in a report on Monday, June 1st. Needham & Company LLC raised their price target on Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a research report on Wednesday, June 24th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $118.70.

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.