CloudAlpha Capital Management Limited Hong Kong lessened its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) by 78.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,862 shares of the company’s stock after selling 185,799 shares during the quarter. CloudAlpha Capital Management Limited Hong Kong’s holdings in Robinhood Markets were worth $5,866,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Robinhood Markets by 24.9% during the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after buying an additional 18,824,923 shares during the period. State Street Corp grew its holdings in shares of Robinhood Markets by 103.2% in the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after acquiring an additional 16,375,734 shares during the period. Jennison Associates LLC bought a new stake in shares of Robinhood Markets in the third quarter worth $322,823,000. Northern Trust Corp increased its position in Robinhood Markets by 48.5% during the third quarter. Northern Trust Corp now owns 6,157,337 shares of the company’s stock valued at $881,608,000 after acquiring an additional 2,011,820 shares during the last quarter. Finally, Clear Street Group Inc. purchased a new stake in Robinhood Markets during the third quarter valued at $241,200,000. Institutional investors own 93.27% of the company’s stock.
Robinhood Markets Stock Down 3.9%
Shares of HOOD opened at $74.15 on Wednesday. The business has a 50-day simple moving average of $76.33 and a two-hundred day simple moving average of $97.57. Robinhood Markets, Inc. has a 52 week low of $62.63 and a 52 week high of $153.86. The stock has a market cap of $66.77 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 2.50 and a beta of 2.29.
Trending Headlines about Robinhood Markets
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Robinhood’s management is presenting at J.P. Morgan’s Global Technology, Media and Communications Conference, which can help reinforce the company’s growth story and give investors updates on trading activity, platform engagement, and product expansion. Robinhood Markets, Inc. (HOOD) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
- Positive Sentiment: A recent article noted that Robinhood continues to attract investor attention after strong April operating data and a positive analyst review, suggesting core business trends remain supportive even after crypto volumes cooled. Why Robinhood (HOOD) Stock Is Up Today
- Neutral Sentiment: Robinhood’s CFO, Shiv Verma, sold shares under a pre-arranged 10b5-1 plan. While routine, insider sales can still add to short-term caution around the stock. Robinhood Markets, Inc. insider transaction details
- Negative Sentiment: Investors are also reacting to concerns that Robinhood could lose from Congress’s prediction-market bill frenzy, which raises uncertainty around a business area linked to event-based trading activity. Why Robinhood (HOOD) stock may stand to lose from Congress’s prediction market bill frenzy
- Negative Sentiment: Another bearish note says Robinhood’s customers are staying away, reflecting skepticism that weaker engagement and trading activity can support near-term growth. Robinhood’s Customers Are Staying Away, You Should Too
Analyst Upgrades and Downgrades
Several research analysts have issued reports on HOOD shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $110.00 target price on shares of Robinhood Markets in a research report on Wednesday, April 29th. Jefferies Financial Group lowered their price objective on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Argus dropped their price objective on shares of Robinhood Markets from $102.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Sanford C. Bernstein restated an “outperform” rating and set a $130.00 target price on shares of Robinhood Markets in a research report on Tuesday, April 14th. Finally, Compass Point reaffirmed a “buy” rating on shares of Robinhood Markets in a report on Wednesday, February 11th. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.88.
Read Our Latest Research Report on Robinhood Markets
Insider Buying and Selling at Robinhood Markets
In other news, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $69.83, for a total value of $26,186,250.00. Following the completion of the sale, the chief executive officer directly owned 375,000 shares of the company’s stock, valued at $26,186,250. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 57,261 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $86.38, for a total transaction of $4,946,205.18. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 493,343 shares of company stock valued at $35,864,569. 19.95% of the stock is currently owned by company insiders.
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.
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