CoreCap Advisors LLC Has $591,000 Holdings in Robinhood Markets, Inc. $HOOD

CoreCap Advisors LLC decreased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 77.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 5,897 shares of the company’s stock after selling 20,094 shares during the quarter. CoreCap Advisors LLC’s holdings in Robinhood Markets were worth $591,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HOOD. CYBER HORNET ETFs LLC raised its stake in shares of Robinhood Markets by 527.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of Robinhood Markets in the 4th quarter worth approximately $27,000. Swiss RE Ltd. purchased a new position in shares of Robinhood Markets during the 4th quarter valued at $27,000. Elyxium Wealth LLC bought a new position in shares of Robinhood Markets during the 4th quarter worth $27,000. Finally, Sound Income Strategies LLC grew its stake in shares of Robinhood Markets by 152.6% during the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director Oluwadara Johnson Treseder sold 3,750 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $117.50, for a total value of $440,625.00. Following the transaction, the director owned 72,442 shares of the company’s stock, valued at approximately $8,511,935. This represents a 4.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $90.42, for a total value of $904,200.00. Following the sale, the insider directly owned 461,396 shares of the company’s stock, valued at $41,719,426.32. This represents a 2.12% 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. Over the last ninety days, insiders bought 680,000 shares of company stock worth $55,306,560 and sold 631,263 shares worth $66,929,157. 13.48% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HOOD shares. Morgan Stanley boosted their price objective on Robinhood Markets from $95.00 to $124.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Keefe, Bruyette & Woods cut their target price on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Cantor Fitzgerald reduced their target price on shares of Robinhood Markets from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, August 3rd. Wall Street Zen raised shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, Sanford C. Bernstein upped their price target on shares of Robinhood Markets from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.52.

Robinhood Markets Trading Up 2.8%

Shares of HOOD opened at $93.29 on Friday. The business’s 50-day moving average price is $99.17 and its 200-day moving average price is $86.82. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. The stock has a market cap of $84.01 billion, a PE ratio of 41.10, a P/E/G ratio of 1.83 and a beta of 2.35. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.18. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. Robinhood Markets’s revenue was up 32.5% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. On average, equities analysts forecast that Robinhood Markets, Inc. will post 2.02 EPS for the current fiscal year.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Bitcoin’s move above $65,000 is supporting crypto-linked stocks, including Robinhood. Higher crypto prices and trading activity could increase transaction revenue and customer engagement. MSTR, CRCL, BMNR Stocks Rally After Bitcoin Reclaims $65K
• Positive Sentiment: Robinhood’s acquisition of Canadian crypto platform WonderFi highlights its international expansion strategy. WonderFi’s CEO said Canada’s regulatory and capital-markets environment made a sale to Robinhood preferable, potentially giving HOOD additional crypto customers and infrastructure. I Built Canada’s Largest Crypto Company
• Positive Sentiment: Jim Cramer made a bullish assessment of Robinhood following its latest quarterly report, reinforcing the view that the platform has a competitive advantage. Robinhood reported $0.62 in quarterly EPS versus the $0.44 consensus estimate, while revenue rose 32.5% year over year to $1.31 billion. Jim Cramer Makes Bold Call on Robinhood Stock
• Positive Sentiment: A meme coin surged after being listed on Robinhood, illustrating how new token listings can generate attention and trading activity on the platform. However, the event is speculative and may have limited direct financial impact. Meme Coin Surges 77% on Robinhood Listing
• Neutral Sentiment: Coverage comparing Robinhood with SoFi suggests investors may favor HOOD’s stronger trading momentum and earnings profile, but also underscores that high-growth fintech stocks can decline even after strong results when valuation expectations are elevated. Why Wall Street Keeps Ignoring SoFi’s Record Growth for Robinhood
• Negative Sentiment: Robinhood director Daniel Martin Gallagher, Jr. sold 10,000 shares for approximately $904,200 under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the sale reduces its importance, although insider selling can still weigh modestly on sentiment. SEC Insider Transaction Filing

Robinhood Markets Company 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.