VCI Wealth Management LLC Makes New Investment in Robinhood Markets, Inc. $HOOD

VCI Wealth Management LLC acquired a new position in Robinhood Markets, Inc. (NASDAQ:HOOD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,387 shares of the company’s stock, valued at approximately $512,000.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Robinhood Markets by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock worth $10,831,756,000 after buying an additional 1,334,443 shares in the last quarter. State Street Corp raised its stake in shares of Robinhood Markets by 2.7% during the fourth quarter. State Street Corp now owns 33,121,452 shares of the company’s stock worth $3,746,036,000 after acquiring an additional 875,297 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Robinhood Markets by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock worth $2,386,944,000 after acquiring an additional 356,902 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Robinhood Markets by 23.9% in the 4th quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock worth $1,208,335,000 after acquiring an additional 2,061,832 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Robinhood Markets in the 4th quarter valued at $1,202,160,000. 93.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on HOOD. KeyCorp reaffirmed an “overweight” rating and set a $100.00 target price on shares of Robinhood Markets in a report on Monday, June 1st. Weiss Ratings restated a “hold (c)” rating on shares of Robinhood Markets in a research report on Wednesday. Citigroup reiterated a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. New Street Research set a $122.00 target price on Robinhood Markets in a research note on Thursday, March 5th. Finally, Truist Financial dropped their target price on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a report on Monday, April 13th. Nineteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.68.

Robinhood Markets Trading Up 5.6%

Shares of NASDAQ:HOOD opened at $98.69 on Friday. The company has a market cap of $88.87 billion, a price-to-earnings ratio of 47.68, a price-to-earnings-growth ratio of 2.20 and a beta of 2.35. The company has a 50-day moving average price of $85.85 and a 200-day moving average price of $90.41. 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 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 return on equity of 21.39% and a net margin of 41.12%.The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, research analysts forecast that Robinhood Markets, Inc. will post 1.81 EPS for the current fiscal year.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: BTIG initiated coverage on Robinhood with a Buy rating and a $125 price target, saying the company has a long runway for asset growth, customer engagement, and product expansion. The new bullish call is likely helping sentiment. Article Title
• Positive Sentiment: Robinhood closed its $2.2 billion offering of 0.00% convertible senior notes due 2029, giving it more financial flexibility. Management also said capped calls and a share repurchase mean the deal should limit dilution unless the stock rises much further, which may reassure investors. Article Title
• Positive Sentiment: Robinhood is also promoting growth through customer perks, including World Cup ticket giveaways to boost its Gold subscriber base, suggesting continued efforts to deepen engagement and subscription revenue. Article Title
• Neutral Sentiment: Robinhood is attracting investor attention as a high-yield ETF idea and continues to appear in market roundups, but these items are more about trading interest than a direct business catalyst. Article Title
• Neutral Sentiment: A comparison piece on SCHW vs. HOOD frames Robinhood as a value debate rather than providing a new company-specific catalyst. Article Title
• Negative Sentiment: Robinhood previously fell after reports that Meta is developing a competing prediction-markets app, raising concerns about future competition in one of Robinhood’s newer growth areas. Article Title

Insiders Place Their Bets

In other news, CFO Shiv Verma sold 3,984 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $98.84, for a total value of $393,778.56. Following the completion of the sale, the chief financial officer directly owned 59,927 shares of the company’s stock, valued at approximately $5,923,184.68. This trade represents a 6.23% decrease in their position. The transaction 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 57,898 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $89.63, for a total value of $5,189,397.74. 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 have bought 680,000 shares of company stock worth $55,306,560 and have sold 633,484 shares worth $47,542,923. Corporate insiders own 14.47% of the company’s stock.

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.