Daiwa Securities Group Inc. Acquires 21,976 Shares of Robinhood Markets, Inc. $HOOD

Daiwa Securities Group Inc. boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 14.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 169,405 shares of the company’s stock after buying an additional 21,976 shares during the period. Daiwa Securities Group Inc.’s holdings in Robinhood Markets were worth $19,160,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Empowered Funds LLC raised its position in Robinhood Markets by 46.7% during the first quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after purchasing an additional 15,885 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Robinhood Markets during the second quarter valued at about $5,105,000. Federated Hermes Inc. raised its position in Robinhood Markets by 106.2% during the second quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock valued at $5,988,000 after purchasing an additional 32,933 shares in the last quarter. NewEdge Advisors LLC raised its position in Robinhood Markets by 19.1% during the second quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock valued at $8,396,000 after purchasing an additional 14,356 shares in the last quarter. Finally, Nebula Research & Development LLC purchased a new stake in Robinhood Markets during the second quarter valued at about $1,316,000. Institutional investors own 93.27% of the company’s stock.

Insider Activity at Robinhood Markets

In related news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the transaction, the chief executive officer owned 375,000 shares in the company, valued at $26,186,250. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meyer Malka purchased 249,000 shares of Robinhood Markets stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average price of $80.39 per share, for a total transaction of $20,017,110.00. Following the acquisition, the director owned 3,493,427 shares in the company, valued at $280,836,596.53. This trade represents a 7.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 571,602 shares of company stock worth $41,959,746 over the last 90 days. 14.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HOOD shares. Loop Capital set a $94.00 price target on Robinhood Markets in a research report on Wednesday, May 27th. Morgan Stanley lowered their price target on Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Truist Financial lowered their price target on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. JPMorgan Chase & Co. lowered their price target on Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods lowered their price target on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Nineteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.54.

Robinhood Markets Trading Down 6.6%

HOOD opened at $82.47 on Friday. The company has a market cap of $74.27 billion, a P/E ratio of 39.84, a P/E/G ratio of 2.64 and a beta of 2.35. The business’s 50-day moving average price is $78.09 and its 200-day moving average price is $93.03. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm posted $0.37 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. Equities research analysts forecast that Robinhood Markets, Inc. will post 1.85 earnings per share for the current fiscal year.

Robinhood Markets News Roundup

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

• Positive Sentiment: Director Meyer Malka bought 181,000 shares for about $15.1 million, a notable insider purchase that signals confidence in Robinhood’s outlook and helped support sentiment around the stock.
• Positive Sentiment: Robinhood is getting a fresh growth narrative from its plan to open SpaceX IPO access to everyday investors, which could attract new users, deposits, and more engagement on the platform. Article Title
• Positive Sentiment: FINRA’s elimination of the pattern day trader rule removes a major barrier for small-account traders, which could broaden Robinhood’s addressable market and increase trading activity. Article Title
• Positive Sentiment: Goldman Sachs raised its price target on HOOD to $105 and kept a buy rating, reinforcing a constructive view on the stock despite recent volatility.
• Positive Sentiment: Robinhood continues expanding beyond basic brokerage with advisor-network, AI, and wealth-management initiatives, which investors may see as a path to higher-quality recurring revenue. Article Title

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.