Robinhood Markets, Inc. $HOOD Holdings Lifted by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 73.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 184,052 shares of the company’s stock after buying an additional 78,077 shares during the period. CIBC Asset Management Inc’s holdings in Robinhood Markets were worth $20,816,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HOOD. Sound Income Strategies LLC grew its stake in Robinhood Markets by 152.6% during the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC increased its holdings in shares of Robinhood Markets by 527.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares during the period. Elyxium Wealth LLC purchased a new stake in shares of Robinhood Markets in the fourth quarter worth approximately $27,000. Godsey & Gibb Inc. acquired a new stake in shares of Robinhood Markets during the fourth quarter worth approximately $28,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Robinhood Markets by 90.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 268 shares of the company’s stock worth $28,000 after purchasing an additional 127 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Stock Up 6.6%

HOOD stock opened at $88.33 on Friday. The firm has a 50 day moving average of $77.90 and a two-hundred day moving average of $93.10. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The company has a market capitalization of $79.54 billion, a price-to-earnings ratio of 42.67, a P/E/G ratio of 2.48 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share 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 for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business posted $0.37 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, research analysts expect that Robinhood Markets, Inc. will post 1.85 EPS for the current fiscal year.

Key Robinhood Markets News

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

• Positive Sentiment: Goldman Sachs raised its price target on Robinhood Markets (HOOD) to $105 from $95 and kept a Buy rating, reinforcing a more bullish valuation view. Benzinga article
• Positive Sentiment: Robinhood expanded its wealth-management push through TradePMR with an advisor network, client referral tools, AI capabilities, lending perks, and broader investment access for RIAs, which could help grow higher-value revenue streams. Yahoo Finance article
• Positive Sentiment: Director Meyer Malka made another large insider purchase, buying 181,000 shares for about $15.1 million, a sign of confidence from a key insider.

Wall Street Analyst Weigh In

Several research firms have weighed in on HOOD. Argus dropped their price objective on shares of Robinhood Markets from $102.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Loop Capital set a $94.00 target price on shares of Robinhood Markets in a research note on Wednesday, May 27th. The Goldman Sachs Group boosted their price target on shares of Robinhood Markets from $95.00 to $105.00 and gave the company a “buy” rating in a report on Thursday. Mizuho increased their price objective on Robinhood Markets from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $155.00 price objective on shares of Robinhood Markets in a research report on Thursday, May 28th. Nineteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.54.

Insider Activity

In other Robinhood Markets news, insider Steven M. Quirk sold 8,540 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $84.93, for a total transaction of $725,302.20. Following the transaction, the insider directly owned 53,183 shares in the company, valued at $4,516,832.19. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $76.89, for a total value of $768,900.00. Following the completion of the sale, the insider directly owned 432,849 shares of the company’s stock, valued at $33,281,759.61. This represents a 2.26% decrease in their position. 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 three months, insiders sold 550,765 shares of company stock valued at $40,191,940. Corporate insiders own 14.47% 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.