Sumitomo Mitsui Trust Group Inc. Increases Stock Holdings in Robinhood Markets, Inc. $HOOD

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 10.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,812,999 shares of the company’s stock after purchasing an additional 632,403 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Robinhood Markets were worth $472,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC boosted its stake in Robinhood Markets by 46.7% during the first quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock worth $2,076,000 after buying an additional 15,885 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Robinhood Markets in the second quarter valued at $5,105,000. Federated Hermes Inc. raised its stake in shares of Robinhood Markets by 106.2% in the second quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock valued at $5,988,000 after acquiring an additional 32,933 shares during the period. NewEdge Advisors LLC lifted 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 worth $8,396,000 after acquiring an additional 14,356 shares during the last quarter. Finally, Nebula Research & Development LLC bought a new stake in shares of Robinhood Markets in the 2nd quarter worth about $1,316,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Barclays decreased their price objective on shares of Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods cut their target price on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. Wall Street Zen raised Robinhood Markets from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $155.00 price target on shares of Robinhood Markets in a report on Thursday, May 28th. Twenty-one research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and an average target price of $115.00.

Robinhood Markets Price Performance

HOOD stock opened at $113.53 on Thursday. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The firm’s 50-day moving average is $89.54 and its 200 day moving average is $89.37. The company has a market capitalization of $102.23 billion, a PE ratio of 54.85, a P/E/G ratio of 2.53 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. Robinhood Markets’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. Sell-side analysts forecast that Robinhood Markets, Inc. will post 1.81 EPS for the current fiscal year.

Insider Activity

In related news, Director Paula Loop sold 8,336 shares of the business’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 value of $1,000,320.00. Following the completion of the sale, the director owned 63,674 shares in the company, valued at approximately $7,640,880. The trade was a 11.58% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, insider Steven M. Quirk sold 19,377 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $119.96, for a total value of $2,324,464.92. Following the completion of the transaction, the insider directly owned 62,612 shares in the company, valued at approximately $7,510,935.52. This trade represents a 23.63% 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. In the last ninety days, insiders have purchased 680,000 shares of company stock valued at $55,306,560 and have sold 659,112 shares valued at $68,741,158. Insiders own 14.47% of the company’s stock.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood’s expanding crypto and tokenization strategy remains a key bullish driver, with recent coverage highlighting its push into DeFi, Robinhood Chain, stock tokens, perpetual futures, and AI-powered trading. Article: HOOD Bets on DeFi, Tokenization & AI Trading in Global Expansion Push
• Positive Sentiment: China Renaissance initiated coverage on Robinhood with a buy rating, adding fresh analyst support and reinforcing the market’s optimism about the company’s growth story.
• Positive Sentiment: Several articles pointed to strengthening business momentum and potential revenue upside from new products, including perpetual futures, which could help support future earnings growth. Article: Did a New Perpetual Futures Deal Just Make Robinhood a Screaming Buy?
• Neutral Sentiment: Robinhood remains heavily watched by investors ahead of its next earnings report, suggesting elevated expectations but no immediate fundamental surprise yet. Article: Investors Heavily Search Robinhood Markets, Inc. (HOOD): Here is What You Need to Know
• Neutral Sentiment: Media attention around CEO Vlad Tenev’s comments on AI agents and the Trump Accounts rollout adds visibility, but these items are more longer-term narrative drivers than near-term stock catalysts. Article: How Trump Accounts can turn $2K into $40K: Robinhood CEO & BNY CEO discuss
• Negative Sentiment: Recent insider sales by CEO Vladimir Tenev and directors Paula Loop and Oluwadara Johnson Treseder may pressure sentiment, even though the trades were pre-arranged under Rule 10b5-1 plans and do not necessarily signal trouble at the company.

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.