National Pension Service Boosts Position in Robinhood Markets, Inc. $HOOD

National Pension Service increased its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,298,238 shares of the company's stock after acquiring an additional 112,365 shares during the quarter. National Pension Service owned about 0.26% of Robinhood Markets worth $230,467,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. WINTON GROUP Ltd bought a new position in Robinhood Markets in the 2nd quarter worth $531,000. RFG Advisory LLC boosted its stake in shares of Robinhood Markets by 4.0% during the 2nd quarter. RFG Advisory LLC now owns 3,505 shares of the company's stock valued at $351,000 after purchasing an additional 135 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Robinhood Markets by 18.3% during the second quarter. NewEdge Advisors LLC now owns 68,920 shares of the company's stock valued at $6,911,000 after buying an additional 10,685 shares during the period. GFG Capital LLC increased its position in shares of Robinhood Markets by 1.2% during the second quarter. GFG Capital LLC now owns 116,738 shares of the company's stock valued at $11,706,000 after buying an additional 1,406 shares during the period. Finally, Baird Financial Group Inc. raised its stake in Robinhood Markets by 46.6% in the second quarter. Baird Financial Group Inc. now owns 78,396 shares of the company's stock worth $7,862,000 after buying an additional 24,907 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Analyst raises price target: Jefferies increased its price target for Robinhood to $140 from $127 while maintaining a Buy rating, citing potential upside from current levels. Jefferies raises Robinhood price target
• Positive Sentiment: New growth initiatives: Robinhood continues expanding prediction markets through partnerships with Crypto.com and OG.com. The company also reported August operating data, giving investors another update on customer activity and transaction trends. Robinhood expands prediction markets Robinhood August operating data
• Positive Sentiment: Investment-banking ambitions: CEO Vlad Tenev said Robinhood intends to be disruptive in underwriting after its Oura IPO win, raising the possibility of additional fee revenue from future IPOs, including major technology offerings. Robinhood investment banking ambitions
• Neutral Sentiment: Limited short-interest signal: Reported short interest was zero, meaning there is no meaningful short-squeeze setup indicated by the available data.
• Negative Sentiment: Regulatory and legal friction: Robinhood will stop offering sports prediction markets in Michigan amid litigation. Its broader tokenized-stock strategy is also facing criticism from AMC’s CEO, potentially increasing regulatory and reputational risk. Robinhood Michigan prediction markets lawsuit
• Negative Sentiment: Insider selling: Director Oluwadara Treseder sold 1,875 shares worth $234,375 under a pre-arranged Rule 10b5-1 plan. The sale was modest relative to her remaining stake, but may add some near-term caution.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, insider Daniel Gallagher, Jr. sold 10,000 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $90.42, for a total value of $904,200.00. Following the sale, the insider directly owned 461,396 shares of the company's stock, valued at approximately $41,719,426.32. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Quirk sold 24,416 shares of the firm's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $120.33, for a total value of $2,937,977.28. Following the transaction, the insider owned 77,839 shares of the company's stock, valued at $9,366,366.87. The trade was a 23.88% 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 570,260 shares of company stock valued at $64,115,060 in the last ninety days. Corporate insiders own 13.48% of the company's stock.

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $113.33 on Friday. The company has a 50 day simple moving average of $103.63 and a two-hundred day simple moving average of $89.51. Robinhood Markets, Inc. has a fifty-two week low of $63.51 and a fifty-two week high of $153.86. The company has a market capitalization of $101.89 billion, a price-to-earnings ratio of 49.93, a P/E/G ratio of 2.38 and a beta of 2.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates 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 business's revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. Analysts expect that Robinhood Markets, Inc. will post 2.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on HOOD shares. The Goldman Sachs Group raised their price objective on shares of Robinhood Markets from $124.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on Robinhood Markets from $105.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Morgan Stanley upgraded Robinhood Markets from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $124.00 to $150.00 in a research note on Tuesday, September 1st. Loop Capital set a $142.00 price target on Robinhood Markets in a research report on Tuesday. Finally, Needham & Company LLC reduced their price target on Robinhood Markets from $123.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $129.42.

Robinhood Markets Company Profile

Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.

The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.

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