VIRGINIA RETIREMENT SYSTEMS ET Al Invests $6.92 Million in Robinhood Markets, Inc. $HOOD

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the second quarter, HoldingsChannel reports. The firm purchased 68,991 shares of the company’s stock, valued at approximately $6,918,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sivia Capital Partners LLC boosted its stake in Robinhood Markets by 2.8% during the fourth quarter. Sivia Capital Partners LLC now owns 4,310 shares of the company’s stock worth $487,000 after buying an additional 117 shares during the period. Constant Guidance Financial LLC raised its stake in shares of Robinhood Markets by 5.3% in the 4th quarter. Constant Guidance Financial LLC now owns 2,571 shares of the company’s stock valued at $291,000 after acquiring an additional 129 shares during the period. MCF Advisors LLC lifted its holdings in shares of Robinhood Markets by 52.6% in the 4th quarter. MCF Advisors LLC now owns 377 shares of the company’s stock worth $43,000 after acquiring an additional 130 shares during the last quarter. Integrated Advisors Network LLC lifted its holdings in shares of Robinhood Markets by 5.7% in the 4th quarter. Integrated Advisors Network LLC now owns 2,494 shares of the company’s stock worth $282,000 after acquiring an additional 135 shares during the last quarter. Finally, Dearborn Partners LLC boosted its position in shares of Robinhood Markets by 7.4% during the 4th quarter. Dearborn Partners LLC now owns 2,132 shares of the company’s stock worth $241,000 after purchasing an additional 146 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

More Robinhood Markets News

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

• Positive Sentiment: Prediction-markets expansion: Robinhood announced a multiyear partnership with OG.com, a federally regulated exchange spun out of Crypto.com. OG.com will provide infrastructure and clearing for Robinhood’s event contracts, including football-related markets. Robinhood will also take minority stakes in OG.com and Crypto.com, while adding Crypto.com’s yes-or-no contracts to its platform. The move could expand a rapidly growing business and diversify transaction revenue. Reuters article
• Positive Sentiment: New investment-banking opportunity: Robinhood was named an underwriter for smart-ring maker Oura’s IPO. The role could improve retail-investor access to IPO allocations, strengthen relationships with issuers and create a new fee-based revenue stream beyond brokerage trading. Zacks article
• Positive Sentiment: Analyst support: Cantor Fitzgerald raised its price target to $150 from $115 and maintained an “overweight” rating, citing Robinhood’s growth prospects. Recent coverage has also highlighted strong momentum in prediction markets and related product expansion.
• Neutral Sentiment: Investor attention remains elevated: Robinhood has been among the most searched stocks, following a sharp August rally and recent bullish analyst upgrades. High visibility may support continued buying but also increases the risk of volatile trading.
• Negative Sentiment: Valuation and selling pressure: With shares trading well above their 200-day average and at a high earnings multiple, investors may be taking profits and demanding stronger evidence that prediction markets and investment banking can justify the valuation. Robinhood also reported that some customers were quietly selling, a potential near-term headwind.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. BTIG Research reiterated a “buy” rating and issued a $125.00 target price on shares of Robinhood Markets in a report on Thursday, July 30th. The Goldman Sachs Group upped their price target on Robinhood Markets from $124.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday. Piper Sandler restated an “overweight” rating and set a $145.00 price target (up from $135.00) on shares of Robinhood Markets in a research report on Wednesday, September 2nd. Argus lifted their price objective on Robinhood Markets from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Finally, Citigroup reiterated a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.00.

Insider Buying and Selling at Robinhood Markets

In other news, insider Steven Quirk sold 24,416 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $120.33, for a total value of $2,937,977.28. Following the sale, the insider directly owned 77,839 shares in the company, valued at approximately $9,366,366.87. This trade represents a 23.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 3,982 shares of Robinhood Markets stock in a transaction on Monday, August 17th. The shares were sold at an average price of $95.07, for a total value of $378,568.74. Following the completion of the transaction, the chief financial officer owned 51,963 shares of the company’s stock, valued at approximately $4,940,122.41. This trade represents a 7.12% 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. In the last ninety days, insiders have sold 626,283 shares of company stock valued at $69,070,083. Insiders own 13.48% of the company’s stock.

Robinhood Markets Trading Down 3.9%

Shares of HOOD stock opened at $117.34 on Wednesday. Robinhood Markets, Inc. has a fifty-two week low of $63.51 and a fifty-two week high of $153.86. The company has a 50 day moving average price of $103.48 and a 200 day moving average price of $88.97. The stock has a market capitalization of $105.50 billion, a P/E ratio of 51.69, a price-to-earnings-growth ratio of 2.50 and a beta of 2.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business earned $0.42 EPS. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. Equities research analysts predict that Robinhood Markets, Inc. will post 2.09 EPS for the current fiscal year.

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.

The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.