Entropy Technologies LP Purchases 53,668 Shares of Robinhood Markets, Inc. $HOOD

Entropy Technologies LP lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 335.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,680 shares of the company’s stock after purchasing an additional 53,668 shares during the period. Entropy Technologies LP’s holdings in Robinhood Markets were worth $4,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of HOOD. Sound Income Strategies LLC boosted its holdings in Robinhood Markets by 152.6% in the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after buying an additional 145 shares during the period. CYBER HORNET ETFs LLC raised its holdings in Robinhood Markets by 527.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after acquiring an additional 190 shares during the period. Elyxium Wealth LLC purchased a new position in shares of Robinhood Markets in the fourth quarter valued at about $27,000. MV Capital Management Inc. purchased a new position in shares of Robinhood Markets in the fourth quarter valued at about $27,000. Finally, Swiss RE Ltd. bought a new position in shares of Robinhood Markets in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood is getting support from analyst optimism, including a recent upgrade and a view that the stock could rise further ahead of earnings. Robinhood Markets (NASDAQ:HOOD) Trading 7.1% Higher on Analyst Upgrade
• Positive Sentiment: Market commentary highlighted Robinhood and Hyperliquid as potential leaders in the next crypto bull market, reinforcing investor interest in Robinhood’s crypto-linked growth opportunity. Robinhood, Hyperliquid could lead crypto’s next bull market…
• Positive Sentiment: Analysts and investors are focusing on upcoming Q2 metrics, which suggests the market is looking for a potentially meaningful earnings-related catalyst. Curious about Robinhood Markets (HOOD) Q2 Performance?
• Neutral Sentiment: Robinhood’s CEO X account was reportedly hacked to promote a fake memecoin, a headline that could raise some reputational noise but does not appear tied to the company’s core operations. Robinhood CEO’s X Account Hacked to Promote Fake Memecoin
• Neutral Sentiment: Recent coverage also centered on Robinhood’s growing product ecosystem, including Gold card adoption and a new Platinum card launch, but this was offset by ARK Invest reducing its position. Cathie Wood’s ARK Sells HOOD Stock Again…
• Negative Sentiment: Shares have been pressured by broader tech weakness, recent ARK selling, and caution ahead of earnings, which helped drive the stock lower in recent sessions. Why Is Robinhood Stock Falling on Thursday?
• Negative Sentiment: In the most recent reported trading session, HOOD also underperformed the broader market, adding to near-term weakness. Robinhood Markets, Inc. (HOOD) Suffers a Larger Drop Than the General Market

Insider Buying and Selling

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $116.14, for a total transaction of $1,161,400.00. Following the completion of the transaction, the insider owned 471,396 shares in the company, valued at $54,747,931.44. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula Loop sold 8,336 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $7,640,880. This represents a 11.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders bought 680,000 shares of company stock worth $55,306,560 and sold 587,875 shares worth $62,602,915. Company insiders own 13.48% of the company’s stock.

Robinhood Markets Stock Down 6.6%

HOOD stock opened at $94.91 on Friday. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. The stock has a market capitalization of $85.47 billion, a price-to-earnings ratio of 45.85, a price-to-earnings-growth ratio of 2.00 and a beta of 2.33. The firm’s fifty day simple moving average is $96.52 and its two-hundred day simple moving average is $88.61.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (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 firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $0.37 EPS. Robinhood Markets’s revenue was up 15.1% compared to the same quarter last year. As a group, equities research analysts expect that Robinhood Markets, Inc. will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of research reports. Argus upped their target price on shares of Robinhood Markets from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Loop Capital set a $110.00 target price on shares of Robinhood Markets in a report on Wednesday, June 17th. Piper Sandler restated an “overweight” rating on shares of Robinhood Markets in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Robinhood Markets from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Finally, Keefe, Bruyette & Woods dropped their price target on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, April 29th. Twenty-one investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.22.

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.