BI Asset Management Fondsmaeglerselskab A S Has $2.01 Million Stock Holdings in Robinhood Markets, Inc. $HOOD

BI Asset Management Fondsmaeglerselskab A S lowered its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 83.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 29,048 shares of the company’s stock after selling 144,651 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Robinhood Markets were worth $2,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. RFG Holdings Inc. increased its holdings in shares of Robinhood Markets by 10.4% during the first quarter. RFG Holdings Inc. now owns 27,768 shares of the company’s stock worth $1,924,000 after buying an additional 2,610 shares in the last quarter. KRS Capital Management LLC boosted its holdings in shares of Robinhood Markets by 30.8% during the 1st quarter. KRS Capital Management LLC now owns 5,426 shares of the company’s stock valued at $376,000 after acquiring an additional 1,279 shares in the last quarter. WESPAC Advisors SoCal LLC boosted its holdings in shares of Robinhood Markets by 34.2% during the 1st quarter. WESPAC Advisors SoCal LLC now owns 27,381 shares of the company’s stock valued at $1,898,000 after acquiring an additional 6,971 shares in the last quarter. Aspen Investment Management Inc grew its position in Robinhood Markets by 2.9% during the 1st quarter. Aspen Investment Management Inc now owns 23,691 shares of the company’s stock worth $1,642,000 after acquiring an additional 675 shares during the last quarter. Finally, World Investment Advisors grew its position in Robinhood Markets by 18.5% during the 4th quarter. World Investment Advisors now owns 15,635 shares of the company’s stock worth $1,768,000 after acquiring an additional 2,443 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Trading Down 2.3%

Shares of HOOD stock opened at $103.25 on Wednesday. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86. The stock has a market cap of $92.98 billion, a price-to-earnings ratio of 49.88, a PEG ratio of 2.50 and a beta of 2.35. The stock has a 50-day moving average of $84.83 and a 200-day moving average of $90.90.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm earned $0.37 earnings per share. Robinhood Markets’s revenue was up 15.1% compared to the same quarter last year. Sell-side analysts forecast that Robinhood Markets, Inc. will post 1.8 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on HOOD. Cantor Fitzgerald reiterated an “overweight” rating and issued a $110.00 target price on shares of Robinhood Markets in a research report on Tuesday, June 9th. Truist Financial reduced their price target on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Argus upped their price objective on Robinhood Markets from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Barclays dropped their price objective on shares of Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Finally, Mizuho lifted their target price on shares of Robinhood Markets from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.36.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Truist remains bullish on Robinhood, saying June activity points to a record quarter and transaction revenue appears to be running ahead of estimates. Truist Stays Bullish on Robinhood as June Volumes Point to Record Quarter
• Positive Sentiment: Robinhood said it will use about $290 million of the convertible note proceeds to repurchase shares and will use capped calls to help limit dilution from the deal. Robinhood Announces Pricing of Private Offering of $2.0 Billion of Convertible Senior Notes Due 2029
• Positive Sentiment: Recent commentary highlights Robinhood’s push to diversify revenue beyond trading fees, which could improve long-term earnings potential if the strategy works. Forget Trading Fees: This Power Move Could Completely Redefine Robinhood’s Revenue
• Neutral Sentiment: Robinhood is still drawing heavy investor attention, with analysts and traders focused on how its higher volumes, new products, and capital deployment will affect results. Here is What to Know Beyond Why Robinhood Markets, Inc. (HOOD) is a Trending Stock
• Neutral Sentiment: Industry chatter around Meta’s reported prediction-market app, Arena, created competitive noise for Robinhood’s prediction-market ambitions, but the impact is still unclear. Meta prediction markets app Arena sinks DraftKings, Robinhood stock
• Negative Sentiment: The $2 billion convertible debt raise is weighing on the stock because it raises the possibility of future dilution, even though Robinhood tried to offset that risk with buybacks and capped calls. Robinhood Prices $2.0 Billion Convertible Senior Notes Offering, Plans Concurrent Share Repurchases

Insider Transactions at Robinhood Markets

In other news, insider Steven M. Quirk sold 10,837 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $85.91, for a total value of $931,006.67. Following the transaction, the insider owned 81,989 shares in the company, valued at approximately $7,043,674.99. The trade was a 11.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the completion of the sale, the chief executive officer directly owned 375,000 shares in the company, valued at approximately $26,186,250. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have acquired 680,000 shares of company stock worth $55,306,560 and have sold 633,484 shares worth $47,542,923. Company insiders own 19.95% of the company’s stock.

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.