Robinhood Markets, Inc. $HOOD Holdings Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 9.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 624,133 shares of the company’s stock after selling 61,944 shares during the period. Assenagon Asset Management S.A.’s holdings in Robinhood Markets were worth $43,252,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HOOD. CYBER HORNET ETFs LLC boosted 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 acquiring an additional 190 shares during the period. Swiss RE Ltd. acquired a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $27,000. MV Capital Management Inc. acquired a new stake in shares of Robinhood Markets during the 4th quarter worth approximately $27,000. Elyxium Wealth LLC bought a new stake in shares of Robinhood Markets in the 4th quarter worth approximately $27,000. Finally, Sound Income Strategies LLC boosted its position 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 purchasing an additional 145 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Robinhood Markets News Summary

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

• Positive Sentiment: Robinhood closed a $2.2 billion offering of 0.00% convertible senior notes due 2029, giving it additional capital to fund growth initiatives. The company also used part of the proceeds to repurchase stock and buy capped calls intended to reduce dilution risk, which may help support long-term shareholder value. Robinhood Closes Offering of $2.2 Billion of 0.00% Convertible Senior Notes Due 2029
• Positive Sentiment: Robinhood is promoting its Gold subscription with perks such as World Cup tickets, a sign it is actively trying to grow recurring revenue and deepen customer engagement. Robinhood dangles World Cup tickets to boost Gold subscriber base
• Neutral Sentiment: Short-interest data showed no meaningful update, with reported short interest still at 0 shares, offering little insight into current bearish positioning.
• Negative Sentiment: Reports that Meta is building a rival prediction-markets app could pressure Robinhood’s competitive position and limit enthusiasm for its event-based trading expansion. Why Robinhood (HOOD) Stock Is Down Today

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $93.47 on Friday. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86. The stock has a fifty day moving average of $85.63 and a two-hundred day moving average of $90.35. The firm has a market capitalization of $84.17 billion, a PE ratio of 45.15, a price-to-earnings-growth ratio of 1.79 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results 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 net margin of 41.12% and a return on equity of 21.39%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business posted $0.37 earnings per share. Robinhood Markets’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities research analysts predict that Robinhood Markets, Inc. will post 1.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Mizuho upped their price target 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. Truist Financial dropped their price objective on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Needham & Company LLC increased their price objective on shares of Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, KeyCorp reiterated an “overweight” rating and issued a $100.00 price objective on shares of Robinhood Markets in a research report on Monday, June 1st. Eighteen 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, Robinhood Markets currently has an average rating of “Moderate Buy” and an average target price of $112.36.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 67,422 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total transaction of $5,082,270.36. The transaction 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, Director Meyer Malka purchased 250,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were bought at an average price of $80.74 per share, for a total transaction of $20,185,000.00. Following the completion of the transaction, the director directly owned 3,924,427 shares in the company, valued at $316,858,235.98. This represents a 6.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 680,000 shares of company stock worth $55,306,560 and have sold 633,484 shares worth $47,542,923. 14.47% of the stock is currently owned by corporate insiders.

About Robinhood Markets

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.