Sequoia Financial Advisors LLC Sells 6,560 Shares of Robinhood Markets, Inc. $HOOD

Sequoia Financial Advisors LLC lessened its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 14.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,652 shares of the company’s stock after selling 6,560 shares during the period. Sequoia Financial Advisors LLC’s holdings in Robinhood Markets were worth $2,609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOOD. Carmel Capital Partners LLC bought a new stake in shares of Robinhood Markets in the 1st quarter valued at approximately $1,156,000. Whipplewood Advisors LLC lifted its position in shares of Robinhood Markets by 1,608.3% during the 1st quarter. Whipplewood Advisors LLC now owns 1,845 shares of the company’s stock worth $128,000 after buying an additional 1,737 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Robinhood Markets by 10.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company’s stock valued at $472,141,000 after buying an additional 632,403 shares in the last quarter. Resona Asset Management Co. Ltd. grew its position in Robinhood Markets by 4.1% in the first quarter. Resona Asset Management Co. Ltd. now owns 229,840 shares of the company’s stock valued at $15,740,000 after acquiring an additional 8,952 shares during the period. Finally, Integrity Investment Advisors LLC bought a new stake in Robinhood Markets in the first quarter valued at $204,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

HOOD stock opened at $113.45 on Wednesday. The company has a 50 day moving average price of $92.48 and a 200 day moving average price of $89.13. Robinhood Markets, Inc. has a fifty-two week low of $63.51 and a fifty-two week high of $153.86. The stock has a market capitalization of $102.16 billion, a PE ratio of 54.81, a price-to-earnings-growth ratio of 2.37 and a beta of 2.33.

Robinhood Markets (NASDAQ:HOOD) last announced 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 during 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 firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. As a group, equities analysts expect that Robinhood Markets, Inc. will post 1.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on HOOD. Needham & Company LLC lifted their price objective on Robinhood Markets from $85.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, June 11th. KeyCorp reaffirmed an “overweight” rating and issued a $100.00 target price on shares of Robinhood Markets in a report on Monday, June 1st. Loop Capital set a $110.00 price target on shares of Robinhood Markets in a report on Wednesday, June 17th. Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a research report on Wednesday, June 24th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Robinhood Markets in a research note on Thursday, July 2nd. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Robinhood Markets News Roundup

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

• Positive Sentiment: Compass Point raised its price target on Robinhood while keeping a Buy rating, adding to the bullish analyst momentum around the stock. Compass Point Raises Robinhood (HOOD) Price Target, Keeps Buy Rating
• Positive Sentiment: Multiple firms have recently lifted their Robinhood targets, reinforcing expectations that the company’s growth and new products could support higher valuation. Four Banks Raised Robinhood’s Target in Eight Days: What Do They See Coming?
• Positive Sentiment: Robinhood Chain is off to a strong start, ranking near the top in DEX activity and generating notable user and bridge volume, which investors may see as evidence that Robinhood is successfully expanding beyond brokerage into blockchain infrastructure. Analysts stunned by Robinhood’s $3.1 billion debut week
• Positive Sentiment: Paxos Labs reportedly moved nearly $30 million through Robinhood Chain, another sign of early adoption and real activity on the network. Paxos Labs Moves Nearly $30M Through Robinhood Chain
• Positive Sentiment: Robinhood is reportedly exploring a $400 million to $500 million asset-backed securities deal tied to its credit card receivables, which could broaden funding options and signal confidence in its consumer-credit business. Robinhood Weighs Its First Sale of Card Receivables-Backed Bond
• Neutral Sentiment: Robinhood launched AI agent trading for crypto after 70,000 accounts joined the beta, showing product innovation but still too early to gauge financial impact. Robinhood Brings AI Agent Trading to Crypto After 70,000 Accounts Join Beta
• Neutral Sentiment: Some commentary suggests Robinhood Chain’s memecoin-driven growth could help adoption, but also raises questions about whether speculation may distract from the company’s tokenized-stock ambitions. Artemis Warns Robinhood Chain’s Biggest Success May Also Be Its Greatest Risk
• Negative Sentiment: MarketWatch highlighted a scam attempt involving a Robinhood account, which is unlikely to move the stock much but may remind investors of platform-security risks. ‘They are relentless’: A scammer is trying to change the email on my empty Robinhood account. What do they have to gain?

Insider Buying and Selling at Robinhood Markets

In other news, Director Meyer Malka purchased 250,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of $80.74 per share, for a total transaction of $20,185,000.00. Following the completion of the acquisition, the director directly owned 3,924,427 shares in the company, valued at approximately $316,858,235.98. The trade was a 6.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, July 6th. The stock was 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 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have acquired 680,000 shares of company stock valued at $55,306,560 and have sold 645,136 shares valued at $67,549,121. 13.48% of the stock is owned by insiders.

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.