SEB Asset Management AB Invests $10.18 Million in Robinhood Markets, Inc. $HOOD

SEB Asset Management AB acquired a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 146,847 shares of the company’s stock, valued at approximately $10,176,000.

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

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More Robinhood Markets News

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

• Positive Sentiment: Bernstein raised its price target on Robinhood Markets (HOOD) to $160 from $130 and reiterated an Outperform rating, citing upside from retail trading shifts and the company’s growth in prediction markets. Analyst raises Robinhood price target in a bold new call
• Positive Sentiment: Bernstein also said Robinhood’s prediction markets could become a roughly $1.7 billion business, reinforcing the view that a newer revenue stream may be more important than the market previously expected. HOOD Stock Gains After Bernstein Says Prediction Markets Could Become A $1.7B Business For Robinhood
• Positive Sentiment: Investor interest in Robinhood-linked crypto activity remains strong, highlighted by a trader turning $80,000 into $1.25 million in Cash Cat, which adds to the market’s enthusiasm around Robinhood-adjacent speculative trading. Trader Turns $80,000 Into $1.25 Million on Robinhood-Linked Meme Coin
• Neutral Sentiment: Robinhood’s second-quarter earnings are due July 29, and some options traders are positioning for possible weakness into the report, suggesting near-term volatility could rise. This Trade Can Work If Robinhood Turns Lower With Earnings On Deck
• Neutral Sentiment: News about Rothera’s event-contract infrastructure buildout and broader Robinhood Chain activity is supportive of the ecosystem, but the direct near-term impact on HOOD shares is less clear. Rothera Selects Connamara Systems to Build Innovative Reference Management System for Event Contracts
• Negative Sentiment: Some commentary from Warren Buffett about investors “preferring gambling” underscores the speculative tone in parts of the market, which could weigh on sentiment if risk appetite cools. Warren Buffett Looks for Value in Today’s Market But Comes Up Empty

Insider Activity at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 67,422 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total value of $5,082,270.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $83.68, for a total transaction of $836,800.00. Following the transaction, the insider directly owned 481,396 shares of the company’s stock, valued at $40,283,217.28. This trade represents a 2.04% decrease in their position. 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 ninety days, insiders bought 680,000 shares of company stock valued at $55,306,560 and sold 587,875 shares valued at $62,602,915. Insiders own 13.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley upped their price objective on Robinhood Markets from $95.00 to $124.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Mizuho boosted their price target on Robinhood Markets from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Truist Financial cut their price target on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, April 13th. KeyCorp reaffirmed an “overweight” rating and set a $100.00 price target on shares of Robinhood Markets in a research report on Monday, June 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a research note on Wednesday, June 24th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $120.00.

Get Our Latest Analysis on Robinhood Markets

Robinhood Markets Trading Down 0.7%

NASDAQ HOOD opened at $99.28 on Tuesday. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The stock has a market cap of $89.40 billion, a PE ratio of 47.96, a P/E/G ratio of 2.11 and a beta of 2.33. The stock’s 50 day moving average is $94.63 and its 200 day moving average is $88.77.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The company had revenue of $1.07 billion for 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%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business earned $0.37 earnings per share. On average, analysts forecast that Robinhood Markets, Inc. will post 1.86 EPS for the current fiscal year.

Robinhood Markets Company Profile

(Free Report)

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.

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