6,237 Shares in Robinhood Markets, Inc. $HOOD Acquired by Summitry LLC

Summitry LLC purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,237 shares of the company’s stock, valued at approximately $432,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp raised its holdings in shares of Robinhood Markets by 103.2% during the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after purchasing an additional 16,375,734 shares during the last quarter. Norges Bank acquired a new position in Robinhood Markets during the fourth quarter valued at $1,202,160,000. Amundi boosted its holdings in Robinhood Markets by 89.0% in the first quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after purchasing an additional 3,007,103 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Robinhood Markets by 5,221.4% in the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock valued at $289,519,000 after purchasing an additional 2,511,743 shares during the last quarter. Finally, Jennison Associates LLC grew its position in Robinhood Markets by 95.7% during the 4th quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock worth $499,001,000 after purchasing an additional 2,157,372 shares during the period. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Trading Down 0.0%

Shares of Robinhood Markets stock opened at $86.56 on Friday. The firm has a 50-day simple moving average of $98.02 and a two-hundred day simple moving average of $87.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. Robinhood Markets, Inc. has a fifty-two week low of $63.51 and a fifty-two week high of $153.86. The company has a market cap of $77.95 billion, a P/E ratio of 38.13, a price-to-earnings-growth ratio of 1.72 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.18. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.Robinhood Markets’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. As a group, equities analysts predict that Robinhood Markets, Inc. will post 2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Citizens Jmp reiterated a “market outperform” rating and set a $155.00 price objective on shares of Robinhood Markets in a research note on Thursday. The Goldman Sachs Group lowered their target price on Robinhood Markets from $137.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday. KeyCorp raised their target price on Robinhood Markets from $100.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods reduced their price target on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Finally, Needham & Company LLC decreased their price target on Robinhood Markets from $123.00 to $120.00 and set a “buy” rating for the company in a report on Thursday. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Robinhood Markets has an average rating of “Moderate Buy” and a consensus target price of $120.30.

Insider Buying and Selling

In other news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $116.17, for a total value of $43,563,750.00. Following the completion of the sale, the chief executive officer directly owned 375,000 shares in the company, valued at $43,563,750. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 49,223 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $95.09, for a total value of $4,680,615.07. 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 90 days, insiders acquired 680,000 shares of company stock valued at $55,306,560 and sold 631,263 shares valued at $66,793,857. 13.48% of the stock is currently owned by company insiders.

Robinhood Markets News Roundup

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

• Positive Sentiment: Q2 earnings beat expectations: Robinhood reported adjusted earnings of $0.62 per share versus the $0.44 consensus estimate, while revenue rose 32.5% year over year to a record $1.31 billion, slightly above expectations. Robinhood Markets Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Business diversification accelerated: Prediction-market revenue reached $156 million, overtaking crypto revenue of $100 million. Management called event markets the company’s fastest-growing business, reducing HOOD’s reliance on cryptocurrency activity. Robinhood Beats Estimates as Prediction Markets Overtake Crypto
• Positive Sentiment: Customer and platform growth remained strong: Robinhood added nearly 1 million funded customers during the quarter—its largest increase in almost five years—and reported record trading volumes, platform assets and Gold subscribers. A reported boost from the anticipated SpaceX IPO also supported account growth. SpaceX IPO Helped Robinhood Add Nearly 1 Million Customers
• Positive Sentiment: Analysts still see substantial upside: Bernstein raised its price target to $160 and cited prediction markets as a potential growth driver, while Citizens JMP maintained an outperform rating with a $155 target. Bernstein Raised Robinhood Price Target
• Neutral Sentiment: CEO Vlad Tenev said the administration is crypto-friendly but argued that clearer, durable U.S. regulation is needed to prevent policy uncertainty from changing every four years. Robinhood CEO Discusses Crypto Regulation
• Negative Sentiment: Crypto weakness and valuation concerns pressured the stock: Crypto revenue fell 38% year over year, while investors questioned the sustainability of a one-time accounting benefit and rising expenses. Analysts also cited a meaningful slowdown in new accounts during July; Barclays cut its target to $105, and Goldman Sachs lowered its target to $118 while retaining a buy rating. HOOD Q2 Earnings Beat but Stock Dips

Robinhood Markets 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.