OP Asset Management Ltd Makes New $9.05 Million Investment in Robinhood Markets, Inc. $HOOD

OP Asset Management Ltd bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 130,651 shares of the company’s stock, valued at approximately $9,054,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Empowered Funds LLC raised its position in shares of Robinhood Markets by 46.7% in the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after acquiring an additional 15,885 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Robinhood Markets during the 2nd quarter worth approximately $5,105,000. Federated Hermes Inc. grew its holdings 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 during the period. NewEdge Advisors LLC grew its holdings 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 during the period. Finally, Nebula Research & Development LLC bought a new stake in Robinhood Markets in the second quarter valued at approximately $1,316,000. 93.27% of the stock is owned by institutional investors.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $76.89, for a total transaction of $768,900.00. Following the completion of the transaction, the insider owned 432,849 shares in the company, valued at approximately $33,281,759.61. This represents a 2.26% decrease in their position. The transaction 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, Director Meyer Malka purchased 250,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of $80.74 per share, for a total transaction of $20,185,000.00. Following the purchase, the director directly owned 3,924,427 shares in the company, valued at approximately $316,858,235.98. This trade represents a 6.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 680,000 shares of company stock worth $55,306,560 and sold 633,484 shares worth $47,542,923. 14.47% of the stock is currently owned by company insiders.

Robinhood Markets Stock Performance

Shares of HOOD opened at $93.47 on Friday. The firm has a market cap of $84.17 billion, a P/E ratio of 45.15, a PEG ratio of 1.79 and a beta of 2.35. 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 $85.63 and its two-hundred day moving average price is $90.35.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data 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 return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company earned $0.37 EPS. The firm’s revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.8 earnings per share for the current fiscal year.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood closed a $2.2 billion offering of 0.00% convertible senior notes due 2029, giving it additional capital to fund growth initiatives. The company also used part of the proceeds to repurchase stock and buy capped calls intended to reduce dilution risk, which may help support long-term shareholder value. Robinhood Closes Offering of $2.2 Billion of 0.00% Convertible Senior Notes Due 2029
• Positive Sentiment: Robinhood is promoting its Gold subscription with perks such as World Cup tickets, a sign it is actively trying to grow recurring revenue and deepen customer engagement. Robinhood dangles World Cup tickets to boost Gold subscriber base
• Neutral Sentiment: Short-interest data showed no meaningful update, with reported short interest still at 0 shares, offering little insight into current bearish positioning.
• Negative Sentiment: Reports that Meta is building a rival prediction-markets app could pressure Robinhood’s competitive position and limit enthusiasm for its event-based trading expansion. Why Robinhood (HOOD) Stock Is Down Today

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Citizens Jmp reissued a “market outperform” rating and set a $155.00 price target on shares of Robinhood Markets in a research report on Thursday, May 28th. Cantor Fitzgerald restated an “overweight” rating and issued a $110.00 price objective on shares of Robinhood Markets in a research report on Tuesday, June 9th. Needham & Company LLC raised their price objective on Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Truist Financial dropped their price objective on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research note on Friday, March 27th. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $112.36.

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.