Gryphon Financial Partners LLC Has $824,000 Stake in Robinhood Markets, Inc. $HOOD

Gryphon Financial Partners LLC grew its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 230.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,894 shares of the company’s stock after buying an additional 8,293 shares during the period. Gryphon Financial Partners LLC’s holdings in Robinhood Markets were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Evolution Wealth Advisors LLC increased its stake in shares of Robinhood Markets by 5.2% in the 4th quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock valued at $217,000 after acquiring an additional 95 shares during the last quarter. CogentBlue Wealth Advisors LLC boosted its stake in Robinhood Markets by 4.1% during the 4th quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock worth $282,000 after acquiring an additional 98 shares during the last quarter. SOA Wealth Advisors LLC. grew its holdings in Robinhood Markets by 11.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock valued at $109,000 after purchasing an additional 100 shares during the period. Barnes Dennig Private Wealth Management LLC grew its holdings in Robinhood Markets by 10.2% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 1,210 shares of the company’s stock valued at $137,000 after purchasing an additional 112 shares during the period. Finally, Bogart Wealth LLC increased its stake in Robinhood Markets by 8.5% in the fourth quarter. Bogart Wealth LLC now owns 1,463 shares of the company’s stock valued at $165,000 after purchasing an additional 114 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HOOD shares. KeyCorp reiterated an “overweight” rating and issued a $100.00 target price on shares of Robinhood Markets in a report on Monday, June 1st. JPMorgan Chase & Co. decreased their price target on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Citizens Jmp restated a “market outperform” rating and issued a $155.00 price objective on shares of Robinhood Markets in a research report on Thursday, May 28th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Robinhood Markets in a research note on Tuesday, April 14th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Robinhood Markets in a research note on Thursday, July 2nd. Twenty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.70.

Key Robinhood Markets News

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

• Positive Sentiment: Goldman Sachs raised its price target on Robinhood to $137 from $121 and reiterated a Buy rating ahead of earnings, signaling confidence in the company’s growth potential and implying meaningful upside from current levels. Goldman Sachs raises price target on Robinhood ahead of earnings
• Neutral Sentiment: Robinhood is drawing heavy investor attention online, with Zacks noting that the stock has become a trending name; this reflects interest rather than a direct fundamental catalyst. Robinhood Markets, Inc. (HOOD) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Robinhood recently benefited from a broad market upswing and has continued to trade well above its 50-day and 200-day moving averages, but that momentum has been offset by a more volatile tape in recent sessions. Robinhood Markets, Inc. (HOOD) Beats Stock Market Upswing: What Investors Need to Know
• Negative Sentiment: Brokerage stocks, including Robinhood, were hit by a Nasdaq-100 selloff and a decline in crypto prices, both of which can reduce trading activity and weigh on revenue expectations. Robinhood Drops 4%, Webull Tumbles 6% as NASDAQ 100 Selloff and Crypto Dip Hit Retail-Brokerage Stocks
• Negative Sentiment: Reports that Robinhood is selling $400 million of credit-card asset-backed bonds added to investor caution, likely feeding concerns about financing activity and broader market stress. Why Is Robinhood Stock Falling on Friday?

Robinhood Markets Stock Performance

Shares of HOOD opened at $99.96 on Friday. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. The firm’s 50 day moving average price is $94.26 and its two-hundred day moving average price is $89.09. The firm has a market cap of $90.01 billion, a P/E ratio of 48.29, a PEG ratio of 2.11 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results 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 analyst estimates of $1.14 billion. During the same quarter last year, the company earned $0.37 EPS. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paula Loop sold 8,336 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $120.00, for a total value of $1,000,320.00. Following the completion of the transaction, the director directly owned 63,674 shares of the company’s stock, valued at approximately $7,640,880. This represents a 11.58% 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 stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $116.17, for a total value of $43,563,750.00. Following the transaction, the chief executive officer owned 375,000 shares of the company’s stock, valued at approximately $43,563,750. This trade represents a 50.00% decrease in their position. 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 purchased 680,000 shares of company stock worth $55,306,560 and sold 587,875 shares worth $62,602,915. 13.48% of the stock is owned by 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.