Fifth Third Bancorp Purchases 111,835 Shares of Robinhood Markets, Inc. $HOOD

Fifth Third Bancorp increased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 382.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 141,072 shares of the company’s stock after purchasing an additional 111,835 shares during the period. Fifth Third Bancorp’s holdings in Robinhood Markets were worth $9,776,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HOOD. Empowered Funds LLC grew its position 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 acquiring an additional 15,885 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Robinhood Markets in the 2nd quarter valued at about $5,105,000. Federated Hermes Inc. lifted its stake in Robinhood Markets by 106.2% in 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 last quarter. NewEdge Advisors LLC lifted its stake in Robinhood Markets by 19.1% in 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 bought a new position in Robinhood Markets during the second quarter worth about $1,316,000. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Trading Up 1.8%

NASDAQ:HOOD opened at $115.54 on Thursday. The stock has a 50 day simple moving average of $93.21 and a 200 day simple moving average of $89.10. The stock has a market cap of $104.04 billion, a P/E ratio of 55.82, a PEG ratio of 2.38 and a beta of 2.33. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued 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 analyst estimates of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 earnings per share. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.88 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on HOOD shares. Needham & Company LLC upped their price objective on Robinhood Markets from $85.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Jefferies Financial Group reduced their target price on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a research note on Monday, April 6th. 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. Keefe, Bruyette & Woods cut their price target on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. Finally, China Renaissance started coverage on shares of Robinhood Markets in a research report on Tuesday, July 7th. They set a “buy” rating for the company. Twenty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average 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: Robinhood’s prediction markets activity is reportedly surging, raising hopes for an earnings boost from a fast-growing new revenue stream. Why Robinhood Could See a Prediction Markets Earnings Boost
• Positive Sentiment: Several reports highlighted Robinhood’s expanding financial platform, with analysts and commentators arguing that its broader product ecosystem makes it a stronger long-term brokerage investment than peers like StoneX. Robinhood vs. StoneX: Which Brokerage Stock is the Better Buy?
• Positive Sentiment: Investor enthusiasm continues to build around Robinhood Chain and tokenized finance, with articles noting strong early network activity and positioning Robinhood as a major player in crypto infrastructure. Analysts stunned by Robinhood’s $3.1 billion debut week
• Positive Sentiment: Compass Point raised its price target on Robinhood while keeping a Buy rating, reinforcing the bullish analyst sentiment around the stock. Compass Point Raises Robinhood (HOOD) Price Target, Keeps Buy Rating
• Positive Sentiment: Robinhood reportedly explored a credit card-backed bond sale, which could help support funding flexibility and expand its financial services footprint. Robinhood Reportedly Eyes First Credit Card-Backed Bond Sale Worth Up To $500M
• Neutral Sentiment: Coverage from Zacks and other outlets added visibility to Robinhood, but the pieces were largely commentary rather than new fundamental developments. Robinhood Markets, Inc. (HOOD) Beats Stock Market Upswing: What Investors Need to Know
• Negative Sentiment: Some coverage cautioned that Robinhood Chain’s memecoin-driven momentum could create risks for its longer-term tokenized stock ambitions, suggesting the crypto hype may not be entirely durable. Artemis Warns Robinhood Chain’s Biggest Success May Also Be Its Greatest Risk

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, July 6th. The shares were 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 in the company, valued at $43,563,750. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 19,377 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $119.96, for a total transaction of $2,324,464.92. Following the completion of the sale, the insider directly owned 62,612 shares of the company’s stock, valued at $7,510,935.52. This represents a 23.63% decrease in their position. 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. In the last 90 days, insiders have purchased 680,000 shares of company stock valued at $55,306,560 and have sold 587,875 shares valued at $62,602,915. Insiders own 13.48% of the company’s stock.

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.