QRG Capital Management Inc. Purchases 7,341 Shares of Robinhood Markets, Inc. $HOOD

QRG Capital Management Inc. boosted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 157,578 shares of the company’s stock after acquiring an additional 7,341 shares during the period. QRG Capital Management Inc.’s holdings in Robinhood Markets were worth $17,822,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Caisse Des Depots ET Consignations acquired a new position in shares of Robinhood Markets during the third quarter worth approximately $3,984,000. Aberdeen Group plc boosted its position in shares of Robinhood Markets by 565.1% during the third quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock worth $26,565,000 after buying an additional 157,643 shares during the period. Jennison Associates LLC acquired a new position in shares of Robinhood Markets during the third quarter worth approximately $322,823,000. NEOS Investment Management LLC acquired a new position in shares of Robinhood Markets during the third quarter worth approximately $11,994,000. Finally, New York Life Investment Management LLC acquired a new position in shares of Robinhood Markets during the third quarter worth approximately $14,989,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets News Roundup

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

• Positive Sentiment: Bitcoin and a crypto-market rally lifted crypto-exposed brokers, giving Robinhood a boost as investors chase reopening risk-on trades. Coinbase Stock, Strategy Gain. It’s Not Just Rising Bitcoin Lifting Crypto Companies.
• Positive Sentiment: Traders cited a risk-on tape and a post-earnings narrative that Robinhood is diversifying beyond crypto (supporting upside in the stock today). Robinhood Stock Is Climbing Monday: What Investors Need To Know
• Positive Sentiment: Robinhood was named initial trustee for a new federally funded IRA program for minors and is expanding international crypto offerings — moves that could broaden customer flows and regulatory ties. Robinhood’s Trump Accounts Role Recasts Growth, Regulation And Crypto Ambitions
• Neutral Sentiment: Jim Cramer discussed Robinhood amid market confusion and volatility; such media attention can drive short-term flows but doesn’t change fundamentals. Jim Cramer Discusses “Gunslingers” & Robinhood (HOOD)
• Neutral Sentiment: Robinhood is growing its prediction-market revenue, which management pitches as a partial hedge against a weak crypto segment; this is promising but still a smaller contribution. Challenging Quarter for Robinhood: Will Prediction Markets Be the Next Big Catalyst?
• Negative Sentiment: Recent quarterly results showed a miss on revenue and a decline in crypto-related transactions, underscoring how sensitive growth and topline are to crypto volumes. Is Robinhood’s Business Too Dependent on Crypto?
• Negative Sentiment: Robinhood was among the large-cap laggards in a recent sell-off, reflecting downside risk if macro or crypto weakness resumes. Roblox, Spotify, And Robinhood Are Among Top 10 Large-Cap Losers Last Week

Robinhood Markets Price Performance

HOOD opened at $76.55 on Tuesday. The company has a market capitalization of $68.92 billion, a price-to-earnings ratio of 36.98, a price-to-earnings-growth ratio of 2.36 and a beta of 2.29. Robinhood Markets, Inc. has a 1-year low of $45.56 and a 1-year high of $153.86. The business has a 50 day moving average price of $76.22 and a two-hundred day moving average price of $102.13.

Robinhood Markets (NASDAQ:HOOD) last released its 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). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. Equities analysts expect that Robinhood Markets, Inc. will post 1.9 EPS for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $75.49, for a total value of $754,900.00. Following the transaction, the insider owned 452,849 shares of the company’s stock, valued at approximately $34,185,571.01. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the sale, the chief executive officer directly owned 375,000 shares in the company, valued at approximately $26,186,250. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 477,907 shares of company stock valued at $34,675,140 in the last three months. Insiders own 19.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler reduced their price objective on Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Wolfe Research upgraded Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price objective for the company in a research report on Monday, February 9th. Zacks Research downgraded Robinhood Markets from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. Compass Point restated a “buy” rating on shares of Robinhood Markets in a research report on Wednesday, February 11th. Finally, Wall Street Zen downgraded Robinhood Markets from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.88.

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.