Ieq Capital LLC Has $114.97 Million Stock Holdings in Robinhood Markets, Inc. $HOOD

Ieq Capital LLC lessened its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,016,552 shares of the company’s stock after selling 116,599 shares during the quarter. Robinhood Markets accounts for approximately 0.3% of Ieq Capital LLC’s investment portfolio, making the stock its 27th biggest position. Ieq Capital LLC’s holdings in Robinhood Markets were worth $114,972,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HOOD. Empowered Funds LLC boosted its holdings in shares of Robinhood Markets by 46.7% in the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after purchasing an additional 15,885 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at $5,105,000. Federated Hermes Inc. boosted its holdings in shares of Robinhood Markets by 106.2% in the 2nd quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock valued at $5,988,000 after purchasing an additional 32,933 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Robinhood Markets by 19.1% in the 2nd quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock valued at $8,396,000 after purchasing an additional 14,356 shares in the last quarter. Finally, Nebula Research & Development LLC acquired a new stake in shares of Robinhood Markets in the 2nd quarter valued at $1,316,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

More Robinhood Markets News

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

Insider Transactions at Robinhood Markets

In other news, Director Baiju Bhatt sold 67,422 shares of Robinhood Markets stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $75.38, for a total value of $5,082,270.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 10,837 shares of Robinhood Markets stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $85.91, for a total value of $931,006.67. Following the completion of the transaction, the insider directly owned 81,989 shares of the company’s stock, valued at approximately $7,043,674.99. This trade represents a 11.67% 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 90 days, insiders purchased 680,000 shares of company stock worth $55,306,560 and sold 571,602 shares worth $41,959,746. Insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Up 1.0%

Shares of NASDAQ:HOOD opened at $93.19 on Friday. The firm has a market cap of $83.92 billion, a P/E ratio of 45.02, a P/E/G ratio of 2.31 and a beta of 2.35. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $153.86. The business has a fifty day simple moving average of $80.09 and a 200 day simple moving average of $92.18.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data 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). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $0.37 earnings per share. The business’s revenue was up 15.1% on a year-over-year basis. As a group, equities research analysts expect that Robinhood Markets, Inc. will post 1.83 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HOOD shares. The Goldman Sachs Group raised their target price on Robinhood Markets from $95.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Mizuho increased their price target on Robinhood Markets from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Loop Capital set a $94.00 price objective on Robinhood Markets in a report on Wednesday, May 27th. Zacks Research raised Robinhood Markets from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Citigroup reissued a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.73.

Robinhood Markets Company Profile

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.