Handelsbanken Fonder AB Sells 72,997 Shares of Robinhood Markets, Inc. $HOOD

Handelsbanken Fonder AB lowered its stake in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 22.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 249,885 shares of the company’s stock after selling 72,997 shares during the quarter. Handelsbanken Fonder AB’s holdings in Robinhood Markets were worth $25,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. CYBER HORNET ETFs LLC lifted its stake in Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after buying an additional 190 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Robinhood Markets during the 4th quarter worth about $27,000. MV Capital Management Inc. bought a new stake in shares of Robinhood Markets in the 4th quarter valued at about $27,000. Swiss RE Ltd. acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $27,000. Finally, Godsey & Gibb Inc. acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at approximately $28,000. 93.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Baiju Bhatt sold 49,223 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $95.09, for a total value of $4,680,615.07. The transaction was disclosed in a filing 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, Director Oluwadara Johnson Treseder sold 3,750 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $117.50, for a total transaction of $440,625.00. Following the completion of the transaction, the director directly owned 72,442 shares of the company’s stock, valued at approximately $8,511,935. This trade represents a 4.92% 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. Over the last ninety days, insiders acquired 680,000 shares of company stock valued at $55,306,560 and sold 631,263 shares valued at $66,929,157. 13.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HOOD. Deutsche Bank Aktiengesellschaft boosted their price objective 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. China Renaissance assumed coverage on Robinhood Markets in a research report on Tuesday, July 7th. They issued a “buy” rating for the company. Citigroup reissued a “market outperform” rating on shares of Robinhood Markets in a research note on Thursday, May 28th. JPMorgan Chase & Co. cut their price target on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, KeyCorp lifted their price target on shares of Robinhood Markets from $100.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Twenty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.52.

Get Our Latest Stock Analysis on HOOD

Robinhood Markets Stock Up 0.6%

NASDAQ:HOOD opened at $94.91 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $85.33 billion, a PE ratio of 41.81, a PEG ratio of 1.85 and a beta of 2.35. Robinhood Markets, Inc. has a 52-week low of $63.51 and a 52-week high of $153.86. The stock has a 50-day simple moving average of $99.61 and a 200 day simple moving average of $86.42.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted $0.42 EPS. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 2.02 EPS for the current fiscal year.

Key Robinhood Markets News

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

  • Positive Sentiment: Robinhood’s second-quarter results showed strong underlying momentum: revenue reached a record $1.31 billion, up 32% year over year, while EPS of $0.62 exceeded expectations and net income rose 48% to $573 million. The company also reported 13 business lines generating more than $100 million in annualized revenue, suggesting less dependence on crypto trading. Robinhood’s Crypto Slump Got the Headlines. Its 10x Business Got Ignored
  • Positive Sentiment: The company is expanding in the United Kingdom with zero-fee cryptocurrency trading for eligible customers. The initiative could increase international users, trading volume and transaction revenue while strengthening Robinhood’s all-in-one investment platform. Can Robinhood’s UK Crypto Push Boost Volume and Trading Revenues?
  • Positive Sentiment: Zerohash said banks, brokerages and payment companies can now connect to Robinhood Chain and assets such as Global Dollar, potentially improving institutional adoption and supporting Robinhood’s blockchain strategy. Zerohash Connects Financial Institutions to Robinhood Chain
  • Neutral Sentiment: Robinhood is being identified as a potentially volatile growth stock ahead of July inflation data. Higher-than-expected CPI could pressure richly valued technology and speculative assets, while softer inflation could improve investor risk appetite. Stocks That Could Swing After July CPI
  • Neutral Sentiment: Polymarket’s hiring of veterans from Robinhood, Coinbase and Nasdaq highlights increasing competition and regulatory focus in prediction markets, but the direct financial impact on HOOD is uncertain. Polymarket Builds U.S. Operation
  • Negative Sentiment: Despite record earnings, investor attention remains focused on a 38% decline in crypto volume. That weakness could weigh on transaction revenue and helps explain why the stock has not fully reflected the strong quarterly results. Robinhood’s Diversified Business Lines

About Robinhood Markets

(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.

See Also

Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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