Sequoia Financial Advisors LLC Sells 6,560 Shares of Robinhood Markets, Inc. $HOOD

Sequoia Financial Advisors LLC reduced its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 14.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,652 shares of the company’s stock after selling 6,560 shares during the period. Sequoia Financial Advisors LLC’s holdings in Robinhood Markets were worth $2,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sound Income Strategies LLC raised its stake in shares of Robinhood Markets by 152.6% in the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC grew its holdings in Robinhood Markets by 527.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. Elyxium Wealth LLC acquired a new position in Robinhood Markets during the fourth quarter valued at approximately $27,000. MV Capital Management Inc. bought a new position in shares of Robinhood Markets in the fourth quarter valued at approximately $27,000. Finally, Swiss RE Ltd. bought a new position in shares of Robinhood Markets in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Ratings Changes

HOOD has been the subject of several recent analyst reports. Barclays upped their price objective on shares of Robinhood Markets from $82.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Loop Capital set a $110.00 target price on shares of Robinhood Markets in a research report on Wednesday, June 17th. Needham & Company LLC upped their price target on shares of Robinhood Markets from $85.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, June 11th. BTIG Research reaffirmed a “buy” rating and issued a $125.00 price target on shares of Robinhood Markets in a research report on Thursday, July 2nd. Finally, The Goldman Sachs Group raised their price target on Robinhood Markets from $108.00 to $121.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $113.45 on Wednesday. The company’s fifty day moving average is $92.48 and its two-hundred day moving average is $89.13. Robinhood Markets, Inc. has a 52-week low of $63.51 and a 52-week high of $153.86. The firm has a market capitalization of $102.16 billion, a price-to-earnings ratio of 54.81, a P/E/G ratio of 2.37 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $0.37 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.87 earnings per share for the current fiscal year.

Robinhood Markets News Roundup

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

• Positive Sentiment: Compass Point raised its price target on Robinhood while keeping a Buy rating, adding to the bullish analyst momentum around the stock. Compass Point Raises Robinhood (HOOD) Price Target, Keeps Buy Rating
• Positive Sentiment: Multiple firms have recently lifted their Robinhood targets, reinforcing expectations that the company’s growth and new products could support higher valuation. Four Banks Raised Robinhood’s Target in Eight Days: What Do They See Coming?
• Positive Sentiment: Robinhood Chain is off to a strong start, ranking near the top in DEX activity and generating notable user and bridge volume, which investors may see as evidence that Robinhood is successfully expanding beyond brokerage into blockchain infrastructure. Analysts stunned by Robinhood’s $3.1 billion debut week
• Positive Sentiment: Paxos Labs reportedly moved nearly $30 million through Robinhood Chain, another sign of early adoption and real activity on the network. Paxos Labs Moves Nearly $30M Through Robinhood Chain
• Positive Sentiment: Robinhood is reportedly exploring a $400 million to $500 million asset-backed securities deal tied to its credit card receivables, which could broaden funding options and signal confidence in its consumer-credit business. Robinhood Weighs Its First Sale of Card Receivables-Backed Bond
• Neutral Sentiment: Robinhood launched AI agent trading for crypto after 70,000 accounts joined the beta, showing product innovation but still too early to gauge financial impact. Robinhood Brings AI Agent Trading to Crypto After 70,000 Accounts Join Beta
• Neutral Sentiment: Some commentary suggests Robinhood Chain’s memecoin-driven growth could help adoption, but also raises questions about whether speculation may distract from the company’s tokenized-stock ambitions. Artemis Warns Robinhood Chain’s Biggest Success May Also Be Its Greatest Risk
• Negative Sentiment: MarketWatch highlighted a scam attempt involving a Robinhood account, which is unlikely to move the stock much but may remind investors of platform-security risks. ‘They are relentless’: A scammer is trying to change the email on my empty Robinhood account. What do they have to gain?

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 67,422 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $75.38, for a total value of $5,082,270.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meyer Malka acquired 250,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average cost of $80.74 per share, for a total transaction of $20,185,000.00. Following the acquisition, the director directly owned 3,924,427 shares in the company, valued at $316,858,235.98. This represents a 6.80% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 680,000 shares of company stock worth $55,306,560 and have sold 645,136 shares worth $67,549,121. Insiders own 13.48% of the company’s stock.

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.