Paradiem LLC Sells 5,806 Shares of Robinhood Markets, Inc. $HOOD

Paradiem LLC lowered its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 65.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,060 shares of the company’s stock after selling 5,806 shares during the period. Paradiem LLC’s holdings in Robinhood Markets were worth $212,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Robinhood Markets by 1.4% in the 4th 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 period. State Street Corp raised its holdings in Robinhood Markets by 2.7% during 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 period. Geode Capital Management LLC raised its holdings in Robinhood Markets by 1.7% during 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 period. Morgan Stanley lifted its position in Robinhood Markets by 23.9% in the fourth 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 during the last quarter. Finally, Norges Bank bought a new stake in Robinhood Markets in the fourth quarter worth $1,202,160,000. 93.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Meyer Malka bought 250,000 shares of Robinhood Markets stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $80.74 per share, with a total value of $20,185,000.00. Following the completion of the transaction, the director owned 3,924,427 shares in the company, valued at $316,858,235.98. The trade was a 6.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $83.68, for a total transaction of $836,800.00. Following the sale, the insider directly owned 481,396 shares of the company’s stock, valued at $40,283,217.28. This represents a 2.04% 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 three months, insiders purchased 680,000 shares of company stock worth $55,306,560 and sold 659,112 shares worth $68,741,158. 14.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on HOOD shares. Barclays boosted their price objective on shares of Robinhood Markets from $82.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday. The Goldman Sachs Group raised their target price on shares of Robinhood Markets from $108.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, June 29th. China Renaissance started coverage on shares of Robinhood Markets in a research note on Tuesday, July 7th. They set a “buy” rating for the company. KeyCorp reiterated an “overweight” rating and set a $100.00 price target on shares of Robinhood Markets in a report on Monday, June 1st. Finally, Keefe, Bruyette & Woods reduced 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 research report on Wednesday, April 29th. Twenty-one research 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 a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Robinhood Markets News Roundup

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 Stock Performance

Shares of HOOD opened at $111.97 on Monday. The firm has a fifty day moving average price of $91.01 and a 200-day moving average price of $89.25. The firm has a market capitalization of $100.83 billion, a P/E ratio of 54.09, a P/E/G ratio of 2.41 and a beta of 2.33. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the business earned $0.37 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Analysts predict that Robinhood Markets, Inc. will post 1.88 earnings per share for the current year.

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.