Citizens Financial Group Inc. RI Reduces Stake in Robinhood Markets, Inc. $HOOD

Citizens Financial Group Inc. RI lowered its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 5.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 82,856 shares of the company’s stock after selling 4,670 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Robinhood Markets were worth $5,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in Robinhood Markets by 46.7% in the first quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after acquiring an additional 15,885 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Robinhood Markets during the 2nd quarter valued at about $5,105,000. Federated Hermes Inc. grew its stake in shares of Robinhood Markets by 106.2% during the 2nd quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock valued at $5,988,000 after purchasing an additional 32,933 shares during the period. NewEdge Advisors LLC increased its position in shares of Robinhood Markets by 19.1% during the 2nd quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock valued at $8,396,000 after purchasing an additional 14,356 shares during the last quarter. Finally, Nebula Research & Development LLC purchased a new stake in shares of Robinhood Markets during the 2nd quarter valued at about $1,316,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In other news, Director Meyer Malka purchased 250,000 shares of the stock in a transaction on Friday, June 5th. The shares were acquired at an average price of $80.74 per share, with a total value of $20,185,000.00. Following the completion of the acquisition, the director directly owned 3,924,427 shares of the company’s stock, valued at $316,858,235.98. This trade represents a 6.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $116.17, for a total transaction of $43,563,750.00. Following the completion of the transaction, the chief executive officer owned 375,000 shares of the company’s stock, valued at approximately $43,563,750. The trade was a 50.00% 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. Over the last three months, insiders have bought 680,000 shares of company stock valued at $55,306,560 and have sold 659,112 shares valued at $68,741,158. Company insiders own 14.47% of the company’s stock.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $111.97 on Monday. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86. The company has a market capitalization of $100.83 billion, a P/E ratio of 54.09, a price-to-earnings-growth ratio of 2.41 and a beta of 2.33. The stock’s 50-day moving average price is $91.01 and its 200-day moving average price is $89.25.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data 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). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. Research analysts anticipate that Robinhood Markets, Inc. will post 1.88 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Citizens Jmp reiterated a “market outperform” rating and issued a $155.00 price target on shares of Robinhood Markets in a research report on Thursday, May 28th. Argus increased their price target on shares of Robinhood Markets from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Robinhood Markets has an average rating of “Moderate Buy” and an average target price of $118.00.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Morgan Stanley raised its price target on Robinhood Markets (HOOD) to $124 from $95, which signals improved upside expectations even though the firm kept an equal-weight rating.
• Positive Sentiment: Barclays also turned more bullish earlier in the week, lifting its target to $122 and maintaining an overweight rating, reinforcing analyst confidence in HOOD’s growth outlook.
• Positive Sentiment: Robinhood Chain is drawing major attention after quickly climbing into the top tier of blockchains by 24-hour DEX volume, with articles highlighting surging activity, meme-coin trading, and broader crypto engagement that could boost Robinhood’s platform relevance. Article: HOOD Stock Drops Despite Price Target Hike — Robinhood Chain Beats ARB, HYPE, NEAR In DEX Trading
• Positive Sentiment: CEO Vlad Tenev’s comments about expanding stock ownership and broadening access to investing keep the long-term growth story in focus, especially as Robinhood adds new products and markets. Article: Robinhood CEO Vlad Tenev Says ‘Only 62% of Americans’ Exposed to Stocks: ‘I’d Like to Get That to 100’
• Neutral Sentiment: Several reports note Robinhood remains heavily followed by investors and analysts, but these are more confirmation of elevated attention than new fundamental information.
• Negative Sentiment: Recent insider selling, including sales by a Robinhood director and ongoing ARK Invest trimming of HOOD shares, may be weighing on sentiment even though some trades were pre-planned under Rule 10b5-1.

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.