Citizens Financial Group Inc. RI Lowers Stock Holdings in Robinhood Markets, Inc. $HOOD

Citizens Financial Group Inc. RI reduced its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,856 shares of the company’s stock after selling 4,670 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Robinhood Markets were worth $5,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HOOD. State Street Corp increased its position in Robinhood Markets by 103.2% during the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after buying an additional 16,375,734 shares in the last quarter. Norges Bank bought a new stake in Robinhood Markets in the fourth quarter worth $1,202,160,000. Corient Private Wealth LLC boosted its holdings in Robinhood Markets by 5,221.4% in the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock worth $289,519,000 after acquiring an additional 2,511,743 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Robinhood Markets by 95.7% in the fourth 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 last quarter. Finally, Morgan Stanley grew its stake in shares of Robinhood Markets by 23.9% in the fourth quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock worth $1,208,335,000 after acquiring an additional 2,061,832 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

HOOD stock opened at $111.97 on Monday. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86. The business has a fifty day moving average price of $91.01 and a 200-day moving average price of $89.25. The stock has a market capitalization of $100.83 billion, a P/E ratio of 54.09, a P/E/G ratio of 2.41 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 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 the consensus estimate of $1.14 billion. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, analysts anticipate that Robinhood Markets, Inc. will post 1.88 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 19,377 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $119.96, for a total transaction of $2,324,464.92. Following the sale, the insider owned 62,612 shares of the company’s stock, valued at $7,510,935.52. This trade represents a 23.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $83.68, for a total transaction of $836,800.00. Following the completion of the sale, the insider owned 481,396 shares of the company’s stock, valued at $40,283,217.28. This represents a 2.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In 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. Corporate insiders own 14.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Robinhood Markets from $95.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Friday. Cantor Fitzgerald reissued an “overweight” rating and set a $110.00 price objective on shares of Robinhood Markets in a research report on Tuesday, June 9th. Truist Financial reduced their price objective on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Loop Capital set a $110.00 target price on shares of Robinhood Markets in a report on Wednesday, June 17th. Finally, Mizuho lifted their target price on shares of Robinhood Markets from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Morgan Stanley raised its price target on Robinhood Markets (HOOD) to $124 from $95, which signals improved upside expectations even though the firm kept an equal-weight rating.
• Positive Sentiment: Barclays also turned more bullish earlier in the week, lifting its target to $122 and maintaining an overweight rating, reinforcing analyst confidence in HOOD’s growth outlook.
• Positive Sentiment: Robinhood Chain is drawing major attention after quickly climbing into the top tier of blockchains by 24-hour DEX volume, with articles highlighting surging activity, meme-coin trading, and broader crypto engagement that could boost Robinhood’s platform relevance. Article: HOOD Stock Drops Despite Price Target Hike — Robinhood Chain Beats ARB, HYPE, NEAR In DEX Trading
• Positive Sentiment: CEO Vlad Tenev’s comments about expanding stock ownership and broadening access to investing keep the long-term growth story in focus, especially as Robinhood adds new products and markets. Article: Robinhood CEO Vlad Tenev Says ‘Only 62% of Americans’ Exposed to Stocks: ‘I’d Like to Get That to 100’
• Neutral Sentiment: Several reports note Robinhood remains heavily followed by investors and analysts, but these are more confirmation of elevated attention than new fundamental information.
• Negative Sentiment: Recent insider selling, including sales by a Robinhood director and ongoing ARK Invest trimming of HOOD shares, may be weighing on sentiment even though some trades were pre-planned under Rule 10b5-1.

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.