Robinhood Markets, Inc. $HOOD Stock Holdings Cut by Index Venture Associates VI Ltd

Index Venture Associates VI Ltd reduced its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 11.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,574,318 shares of the company’s stock after selling 1,446,790 shares during the period. Robinhood Markets comprises approximately 36.4% of Index Venture Associates VI Ltd’s investment portfolio, making the stock its 2nd largest position. Index Venture Associates VI Ltd’s holdings in Robinhood Markets were worth $1,309,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Evolution Wealth Advisors LLC grew its position in shares of Robinhood Markets by 5.2% during the fourth quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock worth $217,000 after buying an additional 95 shares in the last quarter. CogentBlue Wealth Advisors LLC grew its position in shares of Robinhood Markets by 4.1% during the fourth quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock worth $282,000 after buying an additional 98 shares in the last quarter. Kovack Advisors Inc. grew its position in shares of Robinhood Markets by 2.5% during the third quarter. Kovack Advisors Inc. now owns 4,121 shares of the company’s stock worth $590,000 after buying an additional 100 shares in the last quarter. SOA Wealth Advisors LLC. boosted its holdings in Robinhood Markets by 11.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock valued at $109,000 after purchasing an additional 100 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC boosted its holdings in Robinhood Markets by 1.8% in the third quarter. Mill Creek Capital Advisors LLC now owns 6,107 shares of the company’s stock valued at $874,000 after purchasing an additional 107 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Robinhood Markets

In related news, Director Meyer Malka purchased 250,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was acquired at an average price of $80.74 per share, for a total transaction of $20,185,000.00. Following the completion of the purchase, the director directly owned 3,924,427 shares of the company’s stock, valued at $316,858,235.98. This trade represents a 6.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shiv Verma sold 5,436 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $77.36, for a total value of $420,528.96. Following the sale, the chief financial officer owned 47,311 shares of the company’s stock, valued at $3,659,978.96. This trade represents a 10.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have bought 680,000 shares of company stock valued at $55,306,560 and have sold 571,602 shares valued at $41,959,746. 14.47% of the stock is owned by company insiders.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $93.19 on Friday. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The business has a 50 day simple moving average of $80.09 and a 200-day simple moving average of $92.18. The stock has a market capitalization of $83.92 billion, a PE ratio of 45.02, a price-to-earnings-growth ratio of 2.31 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company earned $0.37 EPS. Robinhood Markets’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Robinhood Markets, Inc. will post 1.83 EPS for the current year.

Robinhood Markets News Summary

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

• Positive Sentiment: Robinhood’s securities arm received approval to underwrite IPOs, potentially expanding revenue opportunities and giving the company a bigger role in future public offerings. Robinhood Just Won Approval to Underwrite IPOs, Right Before SpaceX’s Blockbuster Market Debut. Here’s Why the Timing Matters.
• Positive Sentiment: SpaceX’s IPO sparked “record-breaking” traffic on Robinhood’s platform, highlighting heavy retail engagement and the value of its IPO-access business. Robinhood sees ‘record-breaking’ traffic after SpaceX stock debuts
• Positive Sentiment: Needham raised its price target on Robinhood to $97 and reiterated a buy rating, adding to bullish sentiment around the stock. Benzinga report on Needham price target raise
• Neutral Sentiment: Robinhood saw unusual options activity, with traders buying a much larger-than-normal volume of call options, suggesting heightened speculation around the shares.
• Neutral Sentiment: The stock also benefited from a broader lift in financial stocks and related retail brokerage names during Friday’s session. Sector Update: Financial Stocks Advance Late Afternoon
• Negative Sentiment: Robinhood’s platform experienced trading issues amid the surge in SpaceX-related demand, which could raise concerns about reliability during peak activity. HOOD Stock: Robinhood Buckles Under SpaceX IPO Demand, Users Report Trading Issues
• Negative Sentiment: ARK Invest reportedly sold shares of Robinhood, which may temper enthusiasm for some investors. HOOD Stock Gains Overnight: Cathie Wood’s ARK Sells Shares Even As Robinhood Stacks Up Fresh Catalysts

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley lowered their price target on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. KeyCorp reaffirmed an “overweight” rating and issued a $100.00 price target on shares of Robinhood Markets in a report on Monday, June 1st. JPMorgan Chase & Co. lowered their price target on Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. The Goldman Sachs Group upped their price target on Robinhood Markets from $95.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Jefferies Financial Group lowered their price target on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a report on Monday, April 6th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.73.

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.