First Trust Advisors LP Sells 468,503 Shares of Robinhood Markets, Inc. $HOOD

First Trust Advisors LP decreased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 54.7% in the 1st quarter, Holdings Channel reports. The fund owned 388,073 shares of the company’s stock after selling 468,503 shares during the period. First Trust Advisors LP’s holdings in Robinhood Markets were worth $26,893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Robinhood Markets by 103.2% in the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after purchasing an additional 16,375,734 shares in the last quarter. Norges Bank bought a new position in Robinhood Markets in the 4th quarter valued at approximately $1,202,160,000. Corient Private Wealth LLC lifted its stake in Robinhood Markets by 5,221.4% in the 4th quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock valued at $289,519,000 after purchasing an additional 2,511,743 shares during the last quarter. Jennison Associates LLC boosted its position in Robinhood Markets by 95.7% in the fourth quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock valued at $499,001,000 after buying an additional 2,157,372 shares in the last quarter. Finally, Morgan Stanley boosted 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 valued at $1,208,335,000 after buying an additional 2,061,832 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling

In related news, Director Oluwadara Johnson Treseder sold 3,750 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $117.50, for a total value of $440,625.00. Following the sale, the director directly owned 72,442 shares in the company, valued at $8,511,935. This represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 19,377 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $119.96, for a total transaction of $2,324,464.92. Following the sale, the insider directly owned 62,612 shares of the company’s stock, valued at $7,510,935.52. This represents a 23.63% 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. In the last quarter, insiders have acquired 680,000 shares of company stock valued at $55,306,560 and have sold 631,263 shares valued at $66,793,857. Corporate insiders own 13.48% of the company’s stock.

Robinhood Markets Stock Down 3.0%

NASDAQ HOOD opened at $92.76 on Wednesday. The company has a market capitalization of $83.53 billion, a price-to-earnings ratio of 44.81, a PEG ratio of 2.02 and a beta of 2.33. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86. The stock has a fifty day simple moving average of $97.27 and a 200 day simple moving average of $88.02.

Robinhood Markets (NASDAQ:HOOD) last announced 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). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 earnings per share. Research analysts expect that Robinhood Markets, Inc. will post 1.86 earnings per share for the current fiscal year.

Robinhood Markets News Summary

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

• Positive Sentiment: Analysts have raised their Robinhood price targets ahead of earnings, reflecting optimism about user growth, stock-trading activity, new products and the company’s longer-term expansion opportunities. FactSet estimates call for second-quarter earnings of approximately $0.43 per share. Analysts hike Robinhood stock price target ahead of July 29 earnings
• Positive Sentiment: Robinhood’s push into prediction markets could provide a new source of transaction revenue. The company is reportedly exploring a partnership with Crypto.com that could expand market access, improve reliability and allow Robinhood to capture more economics, although regulatory risks remain. HOOD Eyes Deeper Push Into Prediction Markets
• Positive Sentiment: Robinhood’s blockchain strategy is attracting attention: the company reportedly built its chain rapidly, and it leads tokenized stocks by holder count with a 44% share. Successful adoption could diversify the business beyond traditional trading. Robinhood Leads Tokenized Stocks by Holders but Not by Money
• Neutral Sentiment: Robinhood will livestream the IPO roadshow for Robinhood Ventures Fund II on August 3 through its app and YouTube, increasing retail investor access but providing limited immediate earnings impact. Robinhood Opens Ventures Fund II Roadshow
• Negative Sentiment: Trading volumes on Robinhood Chain are reportedly weakening as interest in memecoins fades, raising concerns that crypto-related revenue may remain soft in the quarter. Robinhood Chain’s Trading Volumes Slump
• Negative Sentiment: Investors are also concerned about rising expenses and HOOD’s high valuation, making the earnings release and management outlook especially important. Buy, Hold or Sell Robinhood Stock?
• Negative Sentiment: CEO Vlad Tenev disclosed that his X account was hacked and used to promote a fake memecoin. Although the account was restored and the post removed, the incident creates reputational and platform-security concerns. Robinhood CEO Vlad Tenev says X account was hacked
• Negative Sentiment: Director Baiju Bhatt sold approximately $4.7 million of HOOD shares under a pre-arranged Rule 10b5-1 plan. The planned nature reduces the signal, but the transaction can still weigh on sentiment before earnings.

Wall Street Analyst Weigh In

HOOD has been the subject of several research analyst reports. 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. Jefferies Financial Group cut their price target on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Sanford C. Bernstein boosted their price target on Robinhood Markets from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Citigroup reaffirmed a “market outperform” rating on shares of Robinhood Markets in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Twenty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.22.

Robinhood Markets 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.