Assenagon Asset Management S.A. Boosts Stock Holdings in Robinhood Markets, Inc. $HOOD

Key Points

• Assenagon Asset Management increased its Robinhood stake by 49.8% in the second quarter, adding 310,818 shares to own 934,951 shares valued at approximately $93.8 million. Institutional investors now hold 93.27% of HOOD’s outstanding stock.
• Robinhood reported quarterly earnings of $0.62 per share, beating the $0.44 consensus estimate, while revenue rose 32.5% year over year to $1.31 billion.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $120.52, although targets range from $100 to $155 and the stock’s elevated valuation presents potential risk.

Assenagon Asset Management S.A. increased its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 49.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 934,951 shares of the company's stock after acquiring an additional 310,818 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.10% of Robinhood Markets worth $93,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Empowered Funds LLC lifted its holdings in Robinhood Markets by 46.7% in the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company's stock worth $2,076,000 after buying an additional 15,885 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Robinhood Markets in the second quarter worth about $5,105,000. Federated Hermes Inc. lifted its holdings in Robinhood Markets by 106.2% in the second quarter. Federated Hermes Inc. now owns 63,957 shares of the company's stock worth $5,988,000 after buying an additional 32,933 shares during the period. NewEdge Advisors LLC lifted its holdings in Robinhood Markets by 19.1% in the second quarter. NewEdge Advisors LLC now owns 89,676 shares of the company's stock worth $8,396,000 after buying an additional 14,356 shares during the period. Finally, Nebula Research & Development LLC bought a new stake in Robinhood Markets during the 2nd quarter valued at approximately $1,316,000. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets News Roundup

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HOOD shares. Morgan Stanley increased their target price on Robinhood Markets from $95.00 to $124.00 and gave the stock an "equal weight" rating in a research report on Friday, July 10th. Truist Financial decreased their price objective on Robinhood Markets from $120.00 to $100.00 and set a "buy" rating for the company in a report on Monday, April 13th. Citizens Jmp reissued a "market outperform" rating and set a $155.00 price objective on shares of Robinhood Markets in a research report on Thursday, July 30th. China Renaissance assumed coverage on shares of Robinhood Markets in a report on Tuesday, July 7th. They set a "buy" rating on the stock. Finally, Mizuho upped their target price on shares of Robinhood Markets from $115.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, July 2nd. Twenty-one research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Robinhood Markets presently has a consensus rating of "Moderate Buy" and an average target price of $120.52.

Insiders Place Their Bets

In other Robinhood Markets news, Director Meyer Malka purchased 250,000 shares of the company's stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of $80.74 per share, for a total transaction of $20,185,000.00. Following the purchase, the director directly owned 3,924,427 shares of the company's stock, valued at $316,858,235.98. The trade was a 6.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business's 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 sale, the insider directly owned 481,396 shares of the company's stock, valued at approximately $40,283,217.28. The trade was a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders bought 680,000 shares of company stock valued at $55,306,560 and sold 631,263 shares valued at $66,929,157. Company insiders own 13.48% of the company's stock.

Robinhood Markets Stock Up 2.8%

HOOD opened at $93.29 on Friday. The stock has a market capitalization of $84.01 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 1.78 and a beta of 2.35. The firm has a 50 day moving average price of $99.17 and a 200-day moving average price of $86.82. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.18. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The company's revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. Equities research analysts forecast that Robinhood Markets, Inc. will post 2.02 earnings per share for the current year.

Robinhood Markets 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.

Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report).

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