Walser Wealth Management Company A Ltd Liability Co Makes New Investment in Robinhood Markets, Inc. $HOOD

Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,019 shares of the company’s stock, valued at approximately $1,133,000. Robinhood Markets accounts for approximately 0.6% of Walser Wealth Management Company A Ltd Liability Co’s investment portfolio, making the stock its 23rd biggest position.

A number of other large investors have also made changes to their positions in HOOD. State Street Corp boosted its holdings in Robinhood Markets by 103.2% during the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after buying an additional 16,375,734 shares in the last quarter. Norges Bank acquired a new position in Robinhood Markets during the fourth quarter worth about $1,202,160,000. Corient Private Wealth LLC increased its holdings in Robinhood Markets by 5,221.4% in the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock valued at $289,519,000 after buying an additional 2,511,743 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Robinhood Markets by 95.7% during the 4th quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock valued at $499,001,000 after acquiring an additional 2,157,372 shares during the period. Finally, Morgan Stanley lifted its position in shares of Robinhood Markets by 23.9% during the 4th quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock valued at $1,208,335,000 after acquiring an additional 2,061,832 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets News Roundup

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

• Positive Sentiment: Robinhood announced plans to cut about 10% of its workforce, which investors are viewing as a move to improve efficiency, speed product launches, and support margins. Robinhood Culls 300 in 10% Headcount Cut as Fintechs Retrench
• Positive Sentiment: Multiple Wall Street firms turned constructive after the layoff announcement, including Argus raising its price target on HOOD to $110 and keeping a buy rating, reinforcing the view that the stock still has room to run. Robinhood Stock Is Soaring A Day After Big Layoffs. This Is Why.
• Positive Sentiment: Reports that Robinhood posted record June trading volumes have boosted optimism that revenue momentum is still strong despite the restructuring. Stock Market Today, June 17: Robinhood Jumps After Announcing 10% Workforce Reduction, Record June Volumes
• Positive Sentiment: Coverage on Thursday noted HOOD was outperforming the broader market and may be breaking out above prior resistance, adding technical momentum to the rally. Stock Of The Day: Will Robinhood Break Out?
• Neutral Sentiment: Cathie Wood’s ARK Invest sold more Robinhood shares during the run-up, which is a notable flow headline but not necessarily a fundamental warning sign. Cathie Wood’s Ark Invest Sells Robinhood Stock Into 8% Rally, Loads Up On Coinbase And Block
• Neutral Sentiment: Robinhood remains highly tied to crypto and prediction-market activity, so continued upside may depend on those growth drivers and broader market conditions. Is the SpaceX IPO Enough to Rescue Robinhood Stock?

Robinhood Markets Price Performance

Shares of NASDAQ HOOD opened at $108.15 on Friday. The firm’s 50-day moving average is $82.71 and its two-hundred day moving average is $91.37. The company has a market capitalization of $97.39 billion, a PE ratio of 52.25, a price-to-earnings-growth ratio of 2.63 and a beta of 2.35. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data 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 business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned $0.37 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts forecast that Robinhood Markets, Inc. will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HOOD. The Goldman Sachs Group boosted their price target on Robinhood Markets from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. New Street Research set a $122.00 price objective on Robinhood Markets in a research note on Thursday, March 5th. Truist Financial reduced their price objective on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating for the company in a report on Monday, April 13th. Needham & Company LLC boosted their target price on Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, Mizuho upped their target price on Robinhood Markets from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Robinhood Markets has an average rating of “Moderate Buy” and an average price target of $112.36.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Baiju Bhatt sold 57,898 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $89.63, for a total transaction of $5,189,397.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 3,984 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $98.84, for a total value of $393,778.56. Following the completion of the transaction, 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 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. 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.

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.