Robinhood Markets, Inc. $HOOD Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 108.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,246 shares of the company’s stock after buying an additional 12,112 shares during the period. Venturi Wealth Management LLC’s holdings in Robinhood Markets were worth $1,611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Evolution Wealth Advisors LLC boosted its stake in shares of Robinhood Markets by 5.2% during the 4th quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock worth $217,000 after acquiring an additional 95 shares in the last quarter. CogentBlue Wealth Advisors LLC increased its stake in Robinhood Markets by 4.1% in the 4th quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock valued at $282,000 after purchasing an additional 98 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in Robinhood Markets by 11.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock worth $109,000 after purchasing an additional 100 shares during the last quarter. Barnes Dennig Private Wealth Management LLC raised its holdings in Robinhood Markets by 10.2% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 1,210 shares of the company’s stock worth $137,000 after purchasing an additional 112 shares during the last quarter. Finally, Bogart Wealth LLC boosted its position in Robinhood Markets by 8.5% during the fourth quarter. Bogart Wealth LLC now owns 1,463 shares of the company’s stock worth $165,000 after purchasing an additional 114 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting 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

Analysts Set New Price Targets

Several research firms have weighed in on HOOD. Mizuho upped their target price on Robinhood Markets from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Citizens Jmp reaffirmed a “market outperform” rating and set a $155.00 price target on shares of Robinhood Markets in a research note on Thursday, May 28th. JPMorgan Chase & Co. decreased their price objective on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Citigroup reissued a “market outperform” rating on shares of Robinhood Markets in a research note on Thursday, May 28th. Finally, Truist Financial dropped their target price on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a report on Monday, April 13th. Nineteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.68.

Insider Buying and Selling at Robinhood Markets

In related news, Director Meyer Malka purchased 250,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $80.74 per share, with a total value of $20,185,000.00. Following the completion of the transaction, the director owned 3,924,427 shares of the company’s stock, valued at approximately $316,858,235.98. This trade represents a 6.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction that occurred on 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 directly owned 375,000 shares in the company, valued at approximately $26,186,250. This represents a 50.00% 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. Over the last 90 days, insiders bought 680,000 shares of company stock worth $55,306,560 and sold 633,484 shares worth $47,542,923. Insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Performance

Shares of HOOD opened at $98.69 on Friday. The company has a market capitalization of $88.87 billion, a price-to-earnings ratio of 47.68, a PEG ratio of 2.32 and a beta of 2.35. The company’s 50 day simple moving average is $85.85 and its 200 day simple moving average is $90.41. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The firm’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. Equities analysts expect that Robinhood Markets, Inc. will post 1.81 EPS for the current fiscal 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.