CoreCap Advisors LLC Sells 20,094 Shares of Robinhood Markets, Inc. $HOOD

Key Points

• CoreCap Advisors LLC cut its Robinhood stake by 77.3% in the second quarter, selling 20,094 shares and retaining 5,897 shares valued at approximately $591,000.
• Institutional ownership remains high at 93.27%, with several investors—including Nomura Asset Management, Truist Financial, and PNC Financial—substantially increasing their positions.
• Robinhood reported stronger-than-expected quarterly results, earning $0.62 per share on $1.31 billion in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $120.52.

CoreCap Advisors LLC cut its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 77.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 institutional investors have also recently made changes to their positions in the stock. Truist Financial Corp raised its holdings in Robinhood Markets by 88.9% during the 4th quarter. Truist Financial Corp now owns 145,489 shares of the company's stock worth $16,455,000 after purchasing an additional 68,458 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Robinhood Markets by 86.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 100,849 shares of the company's stock valued at $11,406,000 after purchasing an additional 46,688 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Robinhood Markets by 196.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 722,857 shares of the company's stock worth $81,755,000 after buying an additional 478,919 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of Robinhood Markets by 100.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 60,000 shares of the company's stock worth $6,786,000 after buying an additional 30,000 shares during the period. Finally, Swiss Life Asset Management Ltd raised its stake in Robinhood Markets by 107.8% during the fourth quarter. Swiss Life Asset Management Ltd now owns 272,604 shares of the company's stock worth $30,832,000 after buying an additional 141,440 shares during the last quarter. Institutional investors own 93.27% of the company's stock.

Analyst Upgrades and Downgrades

HOOD has been the topic of several recent analyst reports. Loop Capital set a $105.00 target price on shares of Robinhood Markets in a report on Thursday, July 30th. Sanford C. Bernstein lifted their price objective on Robinhood Markets from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Monday, July 20th. Morgan Stanley lifted their price objective 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. Barclays cut their target price on Robinhood Markets from $122.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Finally, Argus raised their target price on Robinhood Markets from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, June 17th. Twenty-one analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Robinhood Markets currently has an average rating of "Moderate Buy" and an average target price of $120.52.

Key Robinhood Markets News

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 Trading Up 2.8%

NASDAQ:HOOD opened at $93.29 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $84.01 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 1.83 and a beta of 2.35. The firm has a fifty day simple moving average of $99.17 and a two-hundred day simple moving average of $86.82. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The business's quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. Analysts expect that Robinhood Markets, Inc. will post 2.02 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 67,422 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $75.38, for a total value of $5,082,270.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $116.17, for a total value of $43,563,750.00. Following the completion of the sale, the chief executive officer directly owned 375,000 shares of the company's stock, valued at $43,563,750. This trade represents a 50.00% 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. In the last quarter, insiders acquired 680,000 shares of company stock worth $55,306,560 and sold 631,263 shares worth $66,929,157. Corporate insiders own 13.48% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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