J. Safra Sarasin Holding AG Boosts Stake in Robinhood Markets, Inc. $HOOD

J. Safra Sarasin Holding AG lifted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 51.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 32,541 shares of the company’s stock after purchasing an additional 10,996 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Robinhood Markets were worth $2,253,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HOOD. Truist Financial Corp grew its position in shares of Robinhood Markets by 88.9% in the fourth quarter. Truist Financial Corp now owns 145,489 shares of the company’s stock valued at $16,455,000 after purchasing an additional 68,458 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Robinhood Markets by 86.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 100,849 shares of the company’s stock worth $11,406,000 after purchasing an additional 46,688 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Robinhood Markets by 26.3% during the 4th 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 last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Robinhood Markets by 196.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 722,857 shares of the company’s stock valued at $81,755,000 after buying an additional 478,919 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Robinhood Markets by 5.2% in the 4th quarter. Nordea Investment Management AB now owns 712,721 shares of the company’s stock valued at $81,585,000 after buying an additional 35,471 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HOOD shares. Citigroup reiterated a “market outperform” rating on shares of Robinhood Markets in a research note on Thursday, May 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $110.00 price target on shares of Robinhood Markets in a research note on Tuesday, June 9th. Needham & Company LLC boosted their price target on Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft increased their price objective on Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, Keefe, Bruyette & Woods decreased their price objective on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Twenty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Insider Buying and Selling at Robinhood Markets

In related news, Director Paula Loop sold 8,336 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $120.00, for a total value of $1,000,320.00. Following the transaction, the director directly owned 63,674 shares in the company, valued at approximately $7,640,880. This represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 19,377 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $119.96, for a total value of $2,324,464.92. Following the completion of the transaction, the insider owned 62,612 shares of the company’s stock, valued at $7,510,935.52. The trade was a 23.63% decrease in their ownership of the stock. 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 three months, insiders have acquired 680,000 shares of company stock worth $55,306,560 and have sold 659,112 shares worth $68,741,158. 13.48% of the stock is currently owned by corporate insiders.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Robinhood’s blockchain push is gaining attention, with reports highlighting that its “Robinhood Chain” could create new growth opportunities for crypto-related projects and increase adoption of its ecosystem. Robinhood Chain: Why These 3 Crypto Projects Could Gain From Rising Adoption
• Positive Sentiment: Robinhood also drew interest after launching AI agent trading for crypto, with more than 70,000 accounts joining the beta, suggesting early user demand for new product features. Robinhood Brings AI Agent Trading to Crypto After 70,000 Accounts Join Beta
• Neutral Sentiment: Crypto media coverage around Robinhood Chain has been broadly upbeat, including a report that the launch is boosting optimism across Ethereum-related projects. Robinhood Chain launch boosts Ethereum optimism; Saylor hints Bitcoin sale shift
• Neutral Sentiment: Another headline noted a trader turning $85 into more than $2 million on a meme coin tied to Robinhood Chain, highlighting speculative excitement but not a direct fundamental driver for HOOD. Crypto trader turns $85 into $2 million on Robinhood Chain meme coin
• Negative Sentiment: Despite the positive crypto-related headlines, an earlier market note flagged Robinhood stock as trading down, and broader weakness in futures and risk assets may be adding pressure on the shares. Robinhood Markets (NASDAQ:HOOD) Trading Down 2.7% – Should You Sell?

Robinhood Markets Trading Down 1.9%

Shares of HOOD stock opened at $109.86 on Tuesday. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. The company’s 50-day moving average price is $91.75 and its 200-day moving average price is $89.18. The stock has a market cap of $98.93 billion, a price-to-earnings ratio of 53.07, a PEG ratio of 2.41 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last released 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business posted $0.37 earnings per share. Robinhood Markets’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, equities research analysts predict that Robinhood Markets, Inc. will post 1.88 EPS for the current year.

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.