Axxcess Wealth Management LLC Decreases Holdings in Robinhood Markets, Inc. $HOOD

Axxcess Wealth Management LLC trimmed its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 29.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,572 shares of the company’s stock after selling 7,082 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Robinhood Markets were worth $1,148,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Sound Income Strategies LLC lifted its stake in Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after purchasing an additional 145 shares during the last quarter. CYBER HORNET ETFs LLC grew its stake in shares of Robinhood Markets by 527.8% during 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 last quarter. Elyxium Wealth LLC purchased a new position in shares of Robinhood Markets in the fourth quarter worth about $27,000. MV Capital Management Inc. purchased a new position in shares of Robinhood Markets in the fourth quarter worth about $27,000. Finally, Swiss RE Ltd. bought a new stake in shares of Robinhood Markets in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Trading Up 0.6%

NASDAQ:HOOD opened at $113.53 on Thursday. The company has a 50-day moving average price of $89.54 and a 200-day moving average price of $89.37. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The stock has a market cap of $102.23 billion, a price-to-earnings ratio of 54.85, a P/E/G ratio of 2.53 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $0.37 EPS. Robinhood Markets’s quarterly revenue was up 15.1% compared to the same quarter last year. Equities analysts forecast that Robinhood Markets, Inc. will post 1.81 EPS for the current fiscal year.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood’s expanding crypto and tokenization strategy remains a key bullish driver, with recent coverage highlighting its push into DeFi, Robinhood Chain, stock tokens, perpetual futures, and AI-powered trading. Article: HOOD Bets on DeFi, Tokenization & AI Trading in Global Expansion Push
• Positive Sentiment: China Renaissance initiated coverage on Robinhood with a buy rating, adding fresh analyst support and reinforcing the market’s optimism about the company’s growth story.
• Positive Sentiment: Several articles pointed to strengthening business momentum and potential revenue upside from new products, including perpetual futures, which could help support future earnings growth. Article: Did a New Perpetual Futures Deal Just Make Robinhood a Screaming Buy?
• Neutral Sentiment: Robinhood remains heavily watched by investors ahead of its next earnings report, suggesting elevated expectations but no immediate fundamental surprise yet. Article: Investors Heavily Search Robinhood Markets, Inc. (HOOD): Here is What You Need to Know
• Neutral Sentiment: Media attention around CEO Vlad Tenev’s comments on AI agents and the Trump Accounts rollout adds visibility, but these items are more longer-term narrative drivers than near-term stock catalysts. Article: How Trump Accounts can turn $2K into $40K: Robinhood CEO & BNY CEO discuss
• Negative Sentiment: Recent insider sales by CEO Vladimir Tenev and directors Paula Loop and Oluwadara Johnson Treseder may pressure sentiment, even though the trades were pre-arranged under Rule 10b5-1 plans and do not necessarily signal trouble at the company.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. KeyCorp restated an “overweight” rating and set a $100.00 target price on shares of Robinhood Markets in a report on Monday, June 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $110.00 price objective on shares of Robinhood Markets in a research report on Tuesday, June 9th. Zacks Research raised Robinhood Markets from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Barclays cut their target price on shares of Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Morgan Stanley decreased their target price on shares of Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Insider Buying and Selling

In other news, Director Meyer Malka purchased 250,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost 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 of the company’s stock, valued at $316,858,235.98. This trade represents a 6.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $83.68, for a total value of $836,800.00. Following the completion of the sale, the insider directly owned 481,396 shares in the company, valued at approximately $40,283,217.28. The trade was a 2.04% 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. Over the last quarter, insiders have bought 680,000 shares of company stock worth $55,306,560 and have sold 659,112 shares worth $68,741,158. 14.47% of the stock is owned by company insiders.

Robinhood Markets Company 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.