EULAV Asset Management Sells 33,003 Shares of Robinhood Markets, Inc. $HOOD

EULAV Asset Management trimmed its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 11.6% during the 4th quarter, HoldingsChannel reports. The fund owned 252,000 shares of the company’s stock after selling 33,003 shares during the quarter. EULAV Asset Management’s holdings in Robinhood Markets were worth $28,501,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HOOD. Evolution Wealth Advisors LLC raised its stake in shares of Robinhood Markets by 5.2% in the fourth quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company’s stock worth $217,000 after purchasing an additional 95 shares during the last quarter. CogentBlue Wealth Advisors LLC raised its stake in shares of Robinhood Markets by 4.1% in the fourth quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company’s stock worth $282,000 after purchasing an additional 98 shares during the last quarter. Vision Financial Markets LLC raised its stake in shares of Robinhood Markets by 100.0% in the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. Kovack Advisors Inc. raised its stake in shares of Robinhood Markets by 2.5% in the third quarter. Kovack Advisors Inc. now owns 4,121 shares of the company’s stock worth $590,000 after purchasing an additional 100 shares during the last quarter. Finally, SOA Wealth Advisors LLC. raised its stake in shares of Robinhood Markets by 11.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 968 shares of the company’s stock worth $109,000 after purchasing an additional 100 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

Key Robinhood Markets News

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

• Positive Sentiment: Director Meyer Malka bought 181,000 shares for about $15.1 million, a notable insider purchase that signals confidence in Robinhood’s outlook and helped support sentiment around the stock.
• Positive Sentiment: Robinhood is getting a fresh growth narrative from its plan to open SpaceX IPO access to everyday investors, which could attract new users, deposits, and more engagement on the platform. Article Title
• Positive Sentiment: FINRA’s elimination of the pattern day trader rule removes a major barrier for small-account traders, which could broaden Robinhood’s addressable market and increase trading activity. Article Title
• Positive Sentiment: Goldman Sachs raised its price target on HOOD to $105 and kept a buy rating, reinforcing a constructive view on the stock despite recent volatility.
• Positive Sentiment: Robinhood continues expanding beyond basic brokerage with advisor-network, AI, and wealth-management initiatives, which investors may see as a path to higher-quality recurring revenue. Article Title

Insider Activity at Robinhood Markets

In related news, CFO Shiv Verma sold 5,436 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $77.36, for a total transaction of $420,528.96. Following the completion of the sale, the chief financial officer owned 47,311 shares in the company, valued at approximately $3,659,978.96. This represents a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 67,422 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total value of $5,082,270.36. 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. Insiders have sold 571,602 shares of company stock valued at $41,959,746 in the last 90 days. 14.47% of the stock is owned by company insiders.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $82.47 on Friday. The stock has a market cap of $74.27 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 2.64 and a beta of 2.35. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $153.86. The stock has a fifty day moving average of $78.09 and a 200 day moving average of $93.03.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 1.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wolfe Research upgraded Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price target for the company in a research note on Monday, February 9th. Sanford C. Bernstein restated an “outperform” rating and issued a $130.00 price target on shares of Robinhood Markets in a research note on Tuesday, April 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $110.00 price target on shares of Robinhood Markets in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods decreased their price target on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group boosted their price target on Robinhood Markets from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday. Nineteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $106.54.

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.