68,408 Robinhood Markets, Inc. $HOOD Shares Sold by BOCHK Asset Management Ltd

Key Points

• BOCHK Asset Management reduced its Robinhood stake by 44.5%, selling 68,408 shares in the third quarter and retaining 85,220 shares valued at approximately $9.6 million.
• Institutional ownership remains high at 93.27%, while analysts maintain a generally favorable outlook: Robinhood has a “Moderate Buy” consensus rating and a $126.45 average price target.
• Robinhood beat quarterly earnings estimates with EPS of $0.60 versus $0.56 expected, but revenue of $1.42 billion fell slightly short of forecasts; shares opened at $83.84, well below their 52-week high of $149.41.

BOCHK Asset Management Ltd cut its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 44.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,220 shares of the company's stock after selling 68,408 shares during the quarter. Robinhood Markets makes up about 1.3% of BOCHK Asset Management Ltd's holdings, making the stock its 17th biggest position. BOCHK Asset Management Ltd's holdings in Robinhood Markets were worth $9,587,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HOOD. Bank of New York Mellon Corp acquired a new stake in Robinhood Markets in the 2nd quarter valued at approximately $379,695,000. Amundi lifted its holdings in shares of Robinhood Markets by 89.0% during the first quarter. Amundi now owns 6,385,232 shares of the company's stock worth $442,497,000 after buying an additional 3,007,103 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Robinhood Markets by 48.6% during the first quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company's stock worth $353,717,000 after buying an additional 1,668,400 shares during the last quarter. Hound Partners LLC acquired a new position in shares of Robinhood Markets during the first quarter worth approximately $73,150,000. Finally, Amova Asset Management Americas Inc. boosted its position in shares of Robinhood Markets by 15.0% in the first quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company's stock valued at $362,925,000 after acquiring an additional 685,041 shares during the period. Institutional investors own 93.27% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HOOD. China Renaissance began coverage on shares of Robinhood Markets in a research note on Tuesday, July 7th. They issued a "buy" rating and a $156.80 price objective on the stock. Evercore began coverage on shares of Robinhood Markets in a research note on Monday, October 12th. They issued an "outperform" rating and a $130.00 target price for the company. KeyCorp decreased their target price on Robinhood Markets from $140.00 to $135.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 28th. Cantor Fitzgerald decreased their target price on Robinhood Markets from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Piper Sandler restated an "overweight" rating and set a $145.00 price target (up from $135.00) on shares of Robinhood Markets in a research note on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Robinhood Markets has a consensus rating of "Moderate Buy" and a consensus price target of $126.45.

Robinhood Markets Trading Down 1.4%

Shares of HOOD stock opened at $83.84 on Tuesday. The stock has a market cap of $75.38 billion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 1.82 and a beta of 2.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 1.24. Robinhood Markets, Inc. has a 52-week low of $63.51 and a 52-week high of $149.41. The firm has a fifty day moving average of $108.00 and a 200-day moving average of $92.86.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. Robinhood Markets had a return on equity of 21.49% and a net margin of 39.04%. The company's revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. On average, equities research analysts forecast that Robinhood Markets, Inc. will post 2.18 earnings per share for the current fiscal year.

Robinhood Markets News Summary

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

• Positive Sentiment: Cantor Fitzgerald remains bullish. The firm maintained an “overweight” rating while lowering its price target from $150 to $120, still implying substantial upside from recent levels. Cantor Fitzgerald Robinhood rating
• Positive Sentiment: Robinhood’s business is becoming more diversified and profitable. Expansion into institutional services and digital banking, along with strong trading activity and growing financial-services demand, supports the longer-term growth narrative. Robinhood Markets versus Interactive Brokers
• Positive Sentiment: Analyst sentiment remains generally favorable. Wall Street coverage continues to frame HOOD as a potential buy, which may provide support after its post-earnings pullback. Wall Street analysts on Robinhood
• Neutral Sentiment: Comparisons with Interactive Brokers and Nu highlight Robinhood’s growth potential, but also emphasize that competitors have significant advantages, including global scale, professional customers, and large existing user bases. Robinhood Markets versus Nu
• Negative Sentiment: Growth has moderated. Robinhood’s revenue growth was approximately 12% last quarter; although earnings exceeded estimates, revenue came in slightly below expectations, reinforcing concerns that the company’s rapid expansion may be slowing. Robinhood post-earnings dip
• Negative Sentiment: Cryptocurrency weakness remains a key overhang. Crypto-related revenue has historically contributed heavily to Robinhood’s growth, and continued trading weakness is pressuring near-term results, even though stabilization is expected next year. Robinhood stock latest dip
• Negative Sentiment: Wall Street Zen lowered its rating on Robinhood, adding to the cautious tone surrounding the stock. Robinhood rating lowered by Wall Street Zen

Insider Buying and Selling

In related news, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $113.72, for a total transaction of $42,645,000.00. Following the sale, the chief executive officer directly owned 375,000 shares in the company, valued at $42,645,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 dated Monday, October 5th. The shares were sold at an average price of $113.71, for a total value of $1,137,100.00. Following the completion of the transaction, the insider directly owned 499,943 shares of the company's stock, valued at $56,848,518.53. This represents a 1.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,081,347 shares of company stock valued at $127,543,680 in the last ninety days. 13.48% of the stock is owned by corporate insiders.

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.

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