Robinhood Markets, Inc. $HOOD Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 9.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,999 shares of the company’s stock after selling 8,510 shares during the period. Sanctuary Advisors LLC’s holdings in Robinhood Markets were worth $5,821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evolution Wealth Advisors LLC increased its position in shares of Robinhood Markets by 5.2% in the 4th quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock valued at $217,000 after acquiring an additional 95 shares during the period. CogentBlue Wealth Advisors LLC raised its stake in Robinhood Markets by 4.1% in the 4th quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock worth $282,000 after acquiring an additional 98 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in Robinhood Markets by 11.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock worth $109,000 after acquiring an additional 100 shares during the period. Barnes Dennig Private Wealth Management LLC grew its stake in Robinhood Markets by 10.2% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 1,210 shares of the company’s stock valued at $137,000 after purchasing an additional 112 shares during the last quarter. Finally, Bogart Wealth LLC grew its stake in Robinhood Markets by 8.5% during the 4th quarter. Bogart Wealth LLC now owns 1,463 shares of the company’s stock valued at $165,000 after purchasing an additional 114 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Trading Down 5.7%

Robinhood Markets stock opened at $99.96 on Friday. The firm has a market cap of $90.01 billion, a PE ratio of 48.29, a P/E/G ratio of 2.11 and a beta of 2.33. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The stock’s 50 day simple moving average is $94.26 and its two-hundred day simple moving average is $89.09.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results 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 net margin of 41.12% and a return on equity of 21.39%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm earned $0.37 earnings per share. Robinhood Markets’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities research analysts forecast that Robinhood Markets, Inc. will post 1.86 EPS for the current year.

Insider Activity at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $116.14, for a total transaction of $1,161,400.00. Following the sale, the insider directly owned 471,396 shares of the company’s stock, valued at $54,747,931.44. This represents a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula Loop sold 8,336 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $120.00, for a total value of $1,000,320.00. Following the sale, the director owned 63,674 shares in the company, valued at $7,640,880. This trade represents a 11.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have acquired 680,000 shares of company stock valued at $55,306,560 and have sold 587,875 shares valued at $62,602,915. Corporate insiders own 13.48% of the company’s stock.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Goldman Sachs raised its price target on Robinhood to $137 from $121 and reiterated a Buy rating ahead of earnings, signaling confidence in the company’s growth potential and implying meaningful upside from current levels. Goldman Sachs raises price target on Robinhood ahead of earnings
• Neutral Sentiment: Robinhood is drawing heavy investor attention online, with Zacks noting that the stock has become a trending name; this reflects interest rather than a direct fundamental catalyst. Robinhood Markets, Inc. (HOOD) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Robinhood recently benefited from a broad market upswing and has continued to trade well above its 50-day and 200-day moving averages, but that momentum has been offset by a more volatile tape in recent sessions. Robinhood Markets, Inc. (HOOD) Beats Stock Market Upswing: What Investors Need to Know
• Negative Sentiment: Brokerage stocks, including Robinhood, were hit by a Nasdaq-100 selloff and a decline in crypto prices, both of which can reduce trading activity and weigh on revenue expectations. Robinhood Drops 4%, Webull Tumbles 6% as NASDAQ 100 Selloff and Crypto Dip Hit Retail-Brokerage Stocks
• Negative Sentiment: Reports that Robinhood is selling $400 million of credit-card asset-backed bonds added to investor caution, likely feeding concerns about financing activity and broader market stress. Why Is Robinhood Stock Falling on Friday?

Analyst Upgrades and Downgrades

HOOD has been the subject of several research analyst reports. Argus raised their price objective on Robinhood Markets from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft upped their target price on Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. KeyCorp reissued an “overweight” rating and set a $100.00 target price on shares of Robinhood Markets in a report on Monday, June 1st. Needham & Company LLC boosted their target price on shares of Robinhood Markets from $85.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Finally, Citizens Jmp reaffirmed 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 equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average target price of $118.70.

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.