Himension Capital Singapore PTE. LTD. Buys 11,205 Shares of Robinhood Markets, Inc. $HOOD

Himension Capital Singapore PTE. LTD. increased its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 58.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 30,310 shares of the company’s stock after buying an additional 11,205 shares during the quarter. Himension Capital Singapore PTE. LTD.’s holdings in Robinhood Markets were worth $2,100,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC lifted its position in shares of Robinhood Markets by 527.8% during the 4th 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. Swiss RE Ltd. acquired a new stake in shares of Robinhood Markets during the 4th quarter worth $27,000. MV Capital Management Inc. bought a new position in shares of Robinhood Markets in the fourth quarter worth $27,000. Elyxium Wealth LLC bought a new position in shares of Robinhood Markets in the fourth quarter worth $27,000. Finally, Sound Income Strategies LLC raised its stake in Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Bernstein raised its price target on HOOD to $160 from $130 and said Robinhood’s prediction markets business could become a major revenue driver, potentially overtaking crypto revenue. Bernstein raises Robinhood price target to $160 as prediction markets revenue could overtake crypto
• Positive Sentiment: Needham & Company also lifted its price target on HOOD to $123 from $97 and maintained a buy rating, reinforcing the view that the stock still has upside from current levels.
• Positive Sentiment: Bloomberg reported that analysts see Robinhood’s prediction market revenue becoming larger than its crypto business, which supports the bullish narrative that HOOD is building new high-growth income streams. Robinhood Prediction Market Revenue to Top Crypto, Analysts Say
• Positive Sentiment: Investor sentiment around crypto-related stocks improved as Bitcoin recovered, helping lift HOOD alongside peers like Circle and Strategy. Circle, Robinhood, Strategy stocks surge on Bitcoin comeback

Robinhood Markets Price Performance

Shares of Robinhood Markets stock opened at $106.36 on Wednesday. The company’s 50 day moving average price is $95.20 and its two-hundred day moving average price is $88.73. The firm has a market capitalization of $95.78 billion, a P/E ratio of 51.38, a P/E/G ratio of 2.10 and a beta of 2.33. Robinhood Markets, Inc. has a fifty-two week low of $63.51 and a fifty-two week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly 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 company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. On average, analysts expect that Robinhood Markets, Inc. will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, Director Paula Loop sold 8,336 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $120.00, for a total value of $1,000,320.00. Following the completion of the transaction, the director owned 63,674 shares of the company’s stock, valued at $7,640,880. This represents a 11.58% decrease in their position. The sale was disclosed in a document filed 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 Oluwadara Johnson Treseder sold 3,750 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $117.50, for a total value of $440,625.00. Following the completion of the transaction, the director owned 72,442 shares of the company’s stock, valued at $8,511,935. This represents a 4.92% decrease in their ownership of the stock. 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 have purchased 680,000 shares of company stock worth $55,306,560 and have sold 587,875 shares worth $62,602,915. 13.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HOOD. Truist Financial cut their price objective on shares of 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 target price 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. Sanford C. Bernstein boosted their target price on shares of Robinhood Markets from $130.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday. The Goldman Sachs Group upped their price target on shares of Robinhood Markets from $121.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Twenty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average price target of $121.13.

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.