Robinhood Markets, Inc. $HOOD Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC lessened its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 85.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,808 shares of the company’s stock after selling 34,890 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Robinhood Markets were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sound Income Strategies LLC grew its holdings in Robinhood Markets by 152.6% in the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after buying an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC increased its position in Robinhood Markets by 527.8% in the 4th 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. Elyxium Wealth LLC bought a new stake in Robinhood Markets during the 4th quarter valued at $27,000. MV Capital Management Inc. bought a new stake in Robinhood Markets during the 4th quarter valued at $27,000. Finally, Swiss RE Ltd. acquired a new position in Robinhood Markets during the 4th quarter worth $27,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $116.17, for a total value of $43,563,750.00. Following the completion of the sale, the chief executive officer directly owned 375,000 shares of the company’s stock, valued at approximately $43,563,750. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have purchased 680,000 shares of company stock valued at $55,306,560 and have sold 587,875 shares valued at $62,602,915. Corporate insiders own 13.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $130.00 price target on shares of Robinhood Markets in a research note on Tuesday, April 14th. JPMorgan Chase & Co. cut their price objective on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. KeyCorp reaffirmed an “overweight” rating and issued a $100.00 price objective on shares of Robinhood Markets in a report on Monday, June 1st. Zacks Research raised shares of Robinhood Markets from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Morgan Stanley increased their target price on shares of Robinhood Markets from $95.00 to $124.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Twenty-one investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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 NASDAQ HOOD opened at $99.96 on Friday. The stock has a fifty day moving average price of $94.26 and a two-hundred day moving average price of $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, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, research analysts predict that Robinhood Markets, Inc. will post 1.86 earnings per share for the current fiscal year.

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.