ProShare Advisors LLC Buys 17,351 Shares of Robinhood Markets, Inc. $HOOD

ProShare Advisors LLC boosted its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 11.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 172,765 shares of the company’s stock after buying an additional 17,351 shares during the quarter. ProShare Advisors LLC’s holdings in Robinhood Markets were worth $19,540,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Empowered Funds LLC lifted its stake in shares of Robinhood Markets by 46.7% in the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after purchasing an additional 15,885 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Robinhood Markets in the second quarter worth $5,105,000. Federated Hermes Inc. grew its stake 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 purchasing an additional 32,933 shares during the period. NewEdge Advisors LLC raised 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 purchasing an additional 14,356 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new position in Robinhood Markets in the second quarter worth $1,316,000. 93.27% of the stock is owned by institutional investors.

Insider Transactions at Robinhood Markets

In related news, CEO Vladimir Tenev sold 375,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $69.83, for a total value of $26,186,250.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares in the company, valued at $26,186,250. The trade was a 50.00% decrease in their position. The sale 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 the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $76.89, for a total transaction of $768,900.00. Following the completion of the transaction, the insider owned 432,849 shares of the company’s stock, valued at approximately $33,281,759.61. The trade was a 2.26% decrease in their ownership of the stock. 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 have sold 493,343 shares of company stock valued at $35,864,569. 14.47% of the stock is currently owned by insiders.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood’s management is set to present at the Bernstein Strategic Decisions Conference next week, which could give investors updates on trading trends, product growth, and strategy. Conference appearances often help support sentiment by keeping the growth story in focus.
• Positive Sentiment: TradePMR, a Robinhood unit, scored a recruiting win with a $3 billion Wells Fargo team, highlighting continued progress in Robinhood’s advisory/custody business and broader expansion beyond core trading. Robinhood’s TradePMR Scores a Recruiting Win With a $3 Billion Wells Fargo Team
• Positive Sentiment: Robinhood relisted Algorand for U.S. retail users, suggesting the company is leaning back into crypto access and potentially increasing engagement from active traders. Robinhood Relists Algorand Raising Questions For Crypto Strategy And Valuation
• Neutral Sentiment: Robinhood’s CFO Shiv Verma sold 5,436 shares under a pre-arranged 10b5-1 plan. The sale is routine, but insider selling can still weigh on short-term sentiment. Robinhood Markets, Inc. insider transaction details
• Negative Sentiment: Investors are worried that Robinhood may be hurt by Congress’s prediction-market bill frenzy, which could create more regulatory uncertainty around an area tied to event-driven trading activity. Why Robinhood (HOOD) stock may stand to lose from Congress’s prediction market bill frenzy
• Negative Sentiment: Another bearish note argued that Robinhood’s customers are staying away, reflecting skepticism about near-term user engagement and trading volumes. Robinhood’s Customers Are Staying Away, You Should Too
• Negative Sentiment: Recent market commentary also pointed to softer crypto volumes and insider sales as reasons the stock may have moved lower, since Robinhood remains highly sensitive to transaction activity in crypto. Robinhood Markets Inc. (HOOD): Graham Stephan Got Out Early

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $75.76 on Thursday. The business has a fifty day moving average price of $76.26 and a 200-day moving average price of $97.13. The company has a market capitalization of $68.22 billion, a PE ratio of 36.60, a PEG ratio of 2.40 and a beta of 2.29. Robinhood Markets, Inc. has a 1-year low of $62.63 and a 1-year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm earned $0.37 EPS. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on HOOD. Sanford C. Bernstein restated an “outperform” rating and set a $130.00 target price on shares of Robinhood Markets in a report on Tuesday, April 14th. Piper Sandler decreased their price target on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Wolfe Research raised shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price target for the company in a research report on Monday, February 9th. Loop Capital set a $130.00 price objective on shares of Robinhood Markets in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.88.

Robinhood Markets Company 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.