Natixis Advisors LLC Sells 29,881 Shares of Robinhood Markets, Inc. $HOOD

Natixis Advisors LLC cut its holdings in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 192,989 shares of the company’s stock after selling 29,881 shares during the period. Natixis Advisors LLC’s holdings in Robinhood Markets were worth $21,827,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HOOD. Vanguard Group Inc. lifted its position in shares of Robinhood Markets by 24.9% in the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock worth $13,521,497,000 after acquiring an additional 18,824,923 shares during the period. State Street Corp lifted its position in shares of Robinhood Markets by 103.2% in the 3rd 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. Norges Bank bought a new stake in shares of Robinhood Markets in the 4th quarter worth approximately $1,202,160,000. Jennison Associates LLC lifted its position in shares of Robinhood Markets by 95.7% in the 4th quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock worth $499,001,000 after acquiring an additional 2,157,372 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Robinhood Markets by 48.5% in the 3rd quarter. Northern Trust Corp now owns 6,157,337 shares of the company’s stock worth $881,608,000 after acquiring an additional 2,011,820 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on HOOD. Barclays reduced their price objective on Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $130.00 price objective on shares of Robinhood Markets in a research report on Tuesday, April 14th. Wolfe Research upgraded Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price objective for the company in a research report on Monday, February 9th. Truist Financial reduced their price objective on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Finally, Argus reduced their price objective on Robinhood Markets from $102.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Nineteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.54.

View Our Latest Analysis on HOOD

Insider Buying and Selling

In related news, Director Meyer Malka acquired 181,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average cost of $83.45 per share, for a total transaction of $15,104,450.00. Following the purchase, the director owned 3,674,427 shares in the company, valued at approximately $306,630,933.15. This trade represents a 5.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Baiju Bhatt sold 67,422 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total value of $5,082,270.36. 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 90 days, insiders sold 571,602 shares of company stock worth $41,959,746. Insiders own 14.47% of the company’s stock.

Robinhood Markets News Roundup

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

  • Positive Sentiment: Director Meyer Malka bought 181,000 shares for about $15.1 million, a notable insider purchase that signals confidence in Robinhood’s outlook and helped support sentiment around the stock.
  • Positive Sentiment: Robinhood is getting a fresh growth narrative from its plan to open SpaceX IPO access to everyday investors, which could attract new users, deposits, and more engagement on the platform. Article Title
  • Positive Sentiment: FINRA’s elimination of the pattern day trader rule removes a major barrier for small-account traders, which could broaden Robinhood’s addressable market and increase trading activity. Article Title
  • Positive Sentiment: Goldman Sachs raised its price target on HOOD to $105 and kept a buy rating, reinforcing a constructive view on the stock despite recent volatility.
  • Positive Sentiment: Robinhood continues expanding beyond basic brokerage with advisor-network, AI, and wealth-management initiatives, which investors may see as a path to higher-quality recurring revenue. Article Title

Robinhood Markets Trading Down 6.6%

HOOD stock opened at $82.47 on Friday. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86. The firm has a market cap of $74.27 billion, a P/E ratio of 39.84, a P/E/G ratio of 2.64 and a beta of 2.35. The business’s 50 day moving average is $78.09 and its 200-day moving average is $93.03.

Robinhood Markets (NASDAQ:HOODGet Free Report) last released its quarterly earnings data 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 company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Sell-side analysts forecast that Robinhood Markets, Inc. will post 1.85 EPS for the current year.

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.

Further Reading

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

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