Piar LLC Has $1.51 Million Stock Position in Robinhood Markets, Inc. $HOOD

Piar LLC reduced its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 36.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,803 shares of the company’s stock after selling 12,660 shares during the quarter. Robinhood Markets makes up approximately 1.2% of Piar LLC’s holdings, making the stock its 26th biggest position. Piar LLC’s holdings in Robinhood Markets were worth $1,511,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HOOD. Vanguard Group Inc. boosted its holdings in Robinhood Markets by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock worth $10,831,756,000 after purchasing an additional 1,334,443 shares during the last quarter. State Street Corp increased its stake in Robinhood Markets by 2.7% in the 4th quarter. State Street Corp now owns 33,121,452 shares of the company’s stock valued at $3,746,036,000 after buying an additional 875,297 shares during the last quarter. Geode Capital Management LLC increased its stake in Robinhood Markets by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock valued at $2,386,944,000 after buying an additional 356,902 shares during the last quarter. Morgan Stanley lifted its position in Robinhood Markets by 23.9% during the 4th quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock worth $1,208,335,000 after buying an additional 2,061,832 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Robinhood Markets during the 4th quarter worth about $1,202,160,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Robinhood Markets from $121.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Truist Financial reduced their price target on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft raised their price target on Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $110.00 price objective on shares of Robinhood Markets in a report on Tuesday, June 9th. Finally, Zacks Research raised shares of Robinhood Markets from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

Robinhood Markets Stock Down 0.7%

Shares of NASDAQ HOOD opened at $99.28 on Tuesday. The business’s 50 day moving average price is $94.63 and its two-hundred day moving average price is $88.77. The company has a market cap of $89.40 billion, a PE ratio of 47.96, a price-to-earnings-growth ratio of 2.11 and a beta of 2.33. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last released 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). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business earned $0.37 earnings per share. The business’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, research analysts anticipate that Robinhood Markets, Inc. will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In other news, Director Paula Loop sold 8,336 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $120.00, for a total value of $1,000,320.00. Following the transaction, the director directly owned 63,674 shares of the company’s stock, valued at $7,640,880. This represents a 11.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Oluwadara Johnson Treseder sold 3,750 shares of Robinhood Markets stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $117.50, for a total transaction of $440,625.00. Following the sale, the director directly owned 72,442 shares of the company’s stock, valued at $8,511,935. The trade was a 4.92% 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. Over the last ninety days, insiders have acquired 680,000 shares of company stock worth $55,306,560 and have sold 587,875 shares worth $62,602,915. Company insiders own 13.48% of the company’s stock.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Bernstein raised its price target on Robinhood Markets (HOOD) to $160 from $130 and reiterated an Outperform rating, citing upside from retail trading shifts and the company’s growth in prediction markets. Analyst raises Robinhood price target in a bold new call
• Positive Sentiment: Bernstein also said Robinhood’s prediction markets could become a roughly $1.7 billion business, reinforcing the view that a newer revenue stream may be more important than the market previously expected. HOOD Stock Gains After Bernstein Says Prediction Markets Could Become A $1.7B Business For Robinhood
• Positive Sentiment: Investor interest in Robinhood-linked crypto activity remains strong, highlighted by a trader turning $80,000 into $1.25 million in Cash Cat, which adds to the market’s enthusiasm around Robinhood-adjacent speculative trading. Trader Turns $80,000 Into $1.25 Million on Robinhood-Linked Meme Coin
• Neutral Sentiment: Robinhood’s second-quarter earnings are due July 29, and some options traders are positioning for possible weakness into the report, suggesting near-term volatility could rise. This Trade Can Work If Robinhood Turns Lower With Earnings On Deck
• Neutral Sentiment: News about Rothera’s event-contract infrastructure buildout and broader Robinhood Chain activity is supportive of the ecosystem, but the direct near-term impact on HOOD shares is less clear. Rothera Selects Connamara Systems to Build Innovative Reference Management System for Event Contracts
• Negative Sentiment: Some commentary from Warren Buffett about investors “preferring gambling” underscores the speculative tone in parts of the market, which could weigh on sentiment if risk appetite cools. Warren Buffett Looks for Value in Today’s Market But Comes Up Empty

About Robinhood Markets

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.