Louisiana State Employees Retirement System Buys New Shares in Robinhood Markets, Inc. $HOOD

Louisiana State Employees Retirement System purchased a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,300 shares of the company’s stock, valued at approximately $2,793,000.

A number of other hedge funds have also recently made changes to their positions in the business. Truist Financial Corp lifted its position in shares of Robinhood Markets by 88.9% during the 4th quarter. Truist Financial Corp now owns 145,489 shares of the company’s stock valued at $16,455,000 after buying an additional 68,458 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Robinhood Markets by 86.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 100,849 shares of the company’s stock valued at $11,406,000 after acquiring an additional 46,688 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Robinhood Markets by 26.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 365,551 shares of the company’s stock worth $44,477,000 after purchasing an additional 76,075 shares during the period. Capital Wealth Planning LLC increased its stake in Robinhood Markets by 238.5% in the 3rd quarter. Capital Wealth Planning LLC now owns 48,438 shares of the company’s stock worth $6,935,000 after acquiring an additional 34,129 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Robinhood Markets by 196.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 722,857 shares of the company’s stock worth $81,755,000 after purchasing an additional 478,919 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: BTIG initiated coverage on Robinhood with a Buy rating and a $125 price target, saying the company has a long runway for asset growth, customer engagement, and product expansion. The new bullish call is likely helping sentiment. Article Title
• Positive Sentiment: Robinhood closed its $2.2 billion offering of 0.00% convertible senior notes due 2029, giving it more financial flexibility. Management also said capped calls and a share repurchase mean the deal should limit dilution unless the stock rises much further, which may reassure investors. Article Title
• Positive Sentiment: Robinhood is also promoting growth through customer perks, including World Cup ticket giveaways to boost its Gold subscriber base, suggesting continued efforts to deepen engagement and subscription revenue. Article Title
• Neutral Sentiment: Robinhood is attracting investor attention as a high-yield ETF idea and continues to appear in market roundups, but these items are more about trading interest than a direct business catalyst. Article Title
• Neutral Sentiment: A comparison piece on SCHW vs. HOOD frames Robinhood as a value debate rather than providing a new company-specific catalyst. Article Title
• Negative Sentiment: Robinhood previously fell after reports that Meta is developing a competing prediction-markets app, raising concerns about future competition in one of Robinhood’s newer growth areas. Article Title

Insider Buying and Selling

In other news, Director Meyer Malka bought 250,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were bought at an average price of $80.74 per share, for a total transaction of $20,185,000.00. Following the purchase, the director owned 3,924,427 shares in the company, valued at approximately $316,858,235.98. The trade was a 6.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $83.68, for a total transaction of $836,800.00. Following the transaction, the insider owned 481,396 shares in the company, valued at approximately $40,283,217.28. This trade represents a 2.04% decrease in their position. 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 ninety days, insiders bought 680,000 shares of company stock worth $55,306,560 and sold 633,484 shares worth $47,542,923. 19.95% of the stock is owned by insiders.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $98.69 on Monday. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86. The firm has a market capitalization of $88.87 billion, a PE ratio of 47.68, a P/E/G ratio of 2.32 and a beta of 2.35. The company has a 50 day moving average price of $85.85 and a 200-day moving average price of $90.09.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Tuesday, April 28th. The company reported $0.38 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 analysts’ expectations of $1.14 billion. During the same period in the prior year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. Analysts anticipate that Robinhood Markets, Inc. will post 1.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of research reports. Jefferies Financial Group decreased their price objective on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Citigroup restated a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. Keefe, Bruyette & Woods reduced 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. New Street Research set a $122.00 price objective on shares of Robinhood Markets in a research report on Thursday, March 5th. Finally, Mizuho boosted their target price on Robinhood Markets from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Nineteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.68.

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.