Handelsbanken Fonder AB Has $25.06 Million Stock Position in Robinhood Markets, Inc. $HOOD

Handelsbanken Fonder AB lessened its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 22.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 249,885 shares of the company’s stock after selling 72,997 shares during the quarter. Handelsbanken Fonder AB’s holdings in Robinhood Markets were worth $25,058,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Truist Financial Corp grew its position in shares of Robinhood Markets by 88.9% during the 4th quarter. Truist Financial Corp now owns 145,489 shares of the company’s stock valued at $16,455,000 after acquiring an additional 68,458 shares during the period. PNC Financial Services Group Inc. raised its holdings in Robinhood Markets by 86.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 100,849 shares of the company’s stock worth $11,406,000 after purchasing an additional 46,688 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Robinhood Markets by 196.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 722,857 shares of the company’s stock worth $81,755,000 after purchasing an additional 478,919 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in Robinhood Markets by 100.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 60,000 shares of the company’s stock worth $6,786,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its position in Robinhood Markets by 107.8% during the fourth quarter. Swiss Life Asset Management Ltd now owns 272,604 shares of the company’s stock worth $30,832,000 after purchasing an additional 141,440 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research upgraded Robinhood Markets from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. JPMorgan Chase & Co. decreased their target price on Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Keefe, Bruyette & Woods dropped their price target on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 29th. Sanford C. Bernstein boosted their price target on shares of Robinhood Markets from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Finally, Barclays reduced their price objective on shares of Robinhood Markets from $122.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Twenty-one investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $120.52.

Robinhood Markets Price Performance

NASDAQ:HOOD opened at $94.91 on Thursday. The stock has a 50 day moving average of $99.61 and a two-hundred day moving average of $86.42. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The firm has a market cap of $85.33 billion, a P/E ratio of 41.81, a price-to-earnings-growth ratio of 1.85 and a beta of 2.35. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.18. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The business’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. On average, analysts expect that Robinhood Markets, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $83.68, for a total value of $836,800.00. Following the transaction, the insider owned 481,396 shares in the company, valued at approximately $40,283,217.28. This trade represents a 2.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 67,422 shares of Robinhood Markets stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $75.38, for a total transaction of $5,082,270.36. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders acquired 680,000 shares of company stock worth $55,306,560 and sold 631,263 shares worth $66,929,157. 13.48% of the stock is owned by company insiders.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Robinhood’s second-quarter results showed strong underlying momentum: revenue reached a record $1.31 billion, up 32% year over year, while EPS of $0.62 exceeded expectations and net income rose 48% to $573 million. The company also reported 13 business lines generating more than $100 million in annualized revenue, suggesting less dependence on crypto trading. Robinhood’s Crypto Slump Got the Headlines. Its 10x Business Got Ignored
• Positive Sentiment: The company is expanding in the United Kingdom with zero-fee cryptocurrency trading for eligible customers. The initiative could increase international users, trading volume and transaction revenue while strengthening Robinhood’s all-in-one investment platform. Can Robinhood’s UK Crypto Push Boost Volume and Trading Revenues?
• Positive Sentiment: Zerohash said banks, brokerages and payment companies can now connect to Robinhood Chain and assets such as Global Dollar, potentially improving institutional adoption and supporting Robinhood’s blockchain strategy. Zerohash Connects Financial Institutions to Robinhood Chain
• Neutral Sentiment: Robinhood is being identified as a potentially volatile growth stock ahead of July inflation data. Higher-than-expected CPI could pressure richly valued technology and speculative assets, while softer inflation could improve investor risk appetite. Stocks That Could Swing After July CPI
• Neutral Sentiment: Polymarket’s hiring of veterans from Robinhood, Coinbase and Nasdaq highlights increasing competition and regulatory focus in prediction markets, but the direct financial impact on HOOD is uncertain. Polymarket Builds U.S. Operation
• Negative Sentiment: Despite record earnings, investor attention remains focused on a 38% decline in crypto volume. That weakness could weigh on transaction revenue and helps explain why the stock has not fully reflected the strong quarterly results. Robinhood’s Diversified Business Lines

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.