National Pension Service Increases Holdings in Robinhood Markets, Inc. $HOOD

National Pension Service lifted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,298,238 shares of the company’s stock after purchasing an additional 112,365 shares during the period. National Pension Service’s holdings in Robinhood Markets were worth $230,467,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HOOD. CYBER HORNET ETFs LLC lifted its holdings in shares of Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after buying an additional 190 shares in the last quarter. MV Capital Management Inc. purchased a new position in Robinhood Markets in the fourth quarter worth about $27,000. Swiss RE Ltd. bought a new position in shares of Robinhood Markets during the 4th quarter valued at approximately $27,000. Elyxium Wealth LLC bought a new position in Robinhood Markets during the fourth quarter valued at $27,000. Finally, Ankerstar Wealth LLC bought a new position in Robinhood Markets during the 4th quarter valued at about $30,000. 93.27% of the stock is owned by institutional investors.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Analyst raises price target: Jefferies increased its price target for Robinhood to $140 from $127 while maintaining a Buy rating, citing potential upside from current levels. Jefferies raises Robinhood price target
• Positive Sentiment: New growth initiatives: Robinhood continues expanding prediction markets through partnerships with Crypto.com and OG.com. The company also reported August operating data, giving investors another update on customer activity and transaction trends. Robinhood expands prediction markets Robinhood August operating data
• Positive Sentiment: Investment-banking ambitions: CEO Vlad Tenev said Robinhood intends to be disruptive in underwriting after its Oura IPO win, raising the possibility of additional fee revenue from future IPOs, including major technology offerings. Robinhood investment banking ambitions
• Neutral Sentiment: Limited short-interest signal: Reported short interest was zero, meaning there is no meaningful short-squeeze setup indicated by the available data.
• Negative Sentiment: Regulatory and legal friction: Robinhood will stop offering sports prediction markets in Michigan amid litigation. Its broader tokenized-stock strategy is also facing criticism from AMC’s CEO, potentially increasing regulatory and reputational risk. Robinhood Michigan prediction markets lawsuit
• Negative Sentiment: Insider selling: Director Oluwadara Treseder sold 1,875 shares worth $234,375 under a pre-arranged Rule 10b5-1 plan. The sale was modest relative to her remaining stake, but may add some near-term caution.

Insiders Place Their Bets

In related news, Director Paula Loop sold 8,336 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $120.00, for a total transaction of $1,000,320.00. Following the transaction, the director owned 63,674 shares in the company, valued at $7,640,880. This trade represents a 11.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $90.42, for a total transaction of $904,200.00. Following the transaction, the insider directly owned 461,396 shares in the company, valued at $41,719,426.32. The trade was a 2.12% 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. In the last ninety days, insiders have sold 570,260 shares of company stock worth $64,115,060. Corporate insiders own 13.48% of the company’s stock.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $113.33 on Friday. The firm has a market capitalization of $101.89 billion, a price-to-earnings ratio of 49.93, a PEG ratio of 2.38 and a beta of 2.34. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. Robinhood Markets, Inc. has a 52-week low of $63.51 and a 52-week high of $153.86. The company has a fifty day simple moving average of $103.63 and a 200-day simple moving average of $89.51.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The company’s revenue was up 32.5% compared to the same quarter last year. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 2.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of research reports. Barclays reduced their target price on shares of Robinhood Markets from $122.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Citigroup restated a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. China Renaissance started coverage on Robinhood Markets in a report on Tuesday, July 7th. They set a “buy” rating for the company. Loop Capital set a $142.00 price objective on shares of Robinhood Markets in a research report on Tuesday. Finally, KeyCorp lifted their price target on Robinhood Markets from $100.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $129.42.

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.