Pictet Asset Management Holding SA Cuts Stock Holdings in Robinhood Markets, Inc. $HOOD

Pictet Asset Management Holding SA lowered its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 18.4% in the 1st quarter, Holdings Channel reports. The firm owned 327,018 shares of the company’s stock after selling 73,807 shares during the period. Pictet Asset Management Holding SA’s holdings in Robinhood Markets were worth $22,649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sound Income Strategies LLC raised its holdings in shares of Robinhood Markets by 152.6% during 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 during the last quarter. CYBER HORNET ETFs LLC raised its stake in 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 buying an additional 190 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in Robinhood Markets during the 4th quarter valued at $27,000. MV Capital Management Inc. bought a new position in shares of Robinhood Markets during the 4th quarter valued at $27,000. Finally, Swiss RE Ltd. bought a new position in shares of Robinhood Markets during the 4th quarter valued at $27,000. Institutional investors own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HOOD. The Goldman Sachs Group lifted their price objective on Robinhood Markets from $108.00 to $121.00 and gave the stock a “buy” rating in a report on Monday. New Street Research set a $122.00 target price on shares of Robinhood Markets in a report on Thursday, March 5th. Loop Capital set a $110.00 price target on shares of Robinhood Markets in a research report on Wednesday, June 17th. Sanford C. Bernstein reiterated an “outperform” rating and set a $130.00 price target on shares of Robinhood Markets in a research note on Tuesday, April 14th. Finally, BTIG Research started coverage on Robinhood Markets in a research note on Friday, June 26th. They issued a “buy” rating and a $125.00 price objective for the company. Twenty equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and an average price target of $114.35.

Robinhood Markets Price Performance

Shares of HOOD opened at $108.65 on Thursday. The stock has a market capitalization of $97.84 billion, a price-to-earnings ratio of 52.49, a price-to-earnings-growth ratio of 2.36 and a beta of 2.33. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86. The business’s 50 day simple moving average is $86.69 and its 200-day simple moving average is $89.49.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The business had revenue of $1.07 billion during 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 company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 EPS. On average, sell-side analysts expect that Robinhood Markets, Inc. will post 1.81 earnings per share for the current year.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Robinhood launched the public mainnet of Robinhood Chain, a Layer 2 blockchain designed for real-world assets, with integrations from Arbitrum, Alchemy, BitGo, and Chainlink. That move strengthens Robinhood’s crypto and tokenization strategy and could open new revenue streams. Article Title
• Positive Sentiment: The company unveiled new AI-powered crypto trading tools for U.S. users, expanded perpetual futures offerings in Europe, and signaled plans to enter or expand in Canada, Singapore, and the U.K., boosting hopes for faster international growth. Article Title
• Positive Sentiment: Robinhood’s broader crypto push, including plans to launch crypto trading in the U.K. and expand its European futures product set, is helping investors view HOOD as a more diversified financial platform rather than just a brokerage. Article Title
• Neutral Sentiment: Analyst and media coverage continues to highlight Robinhood as a strong Q2 finance stock, which supports sentiment but is less directly tied to the stock’s move than the new product announcements. Article Title
• Neutral Sentiment: Deutsche Bank raised its price target on Robinhood to $113 and kept a buy rating, adding another supportive signal for investors. Article Title
• Negative Sentiment: Some coverage still points to concerns about Robinhood’s core earnings quality and valuation, reminding investors that the stock’s rally may depend on execution across its newer growth bets. Article Title

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, Director Meyer Malka bought 250,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average cost of $80.74 per share, for a total transaction of $20,185,000.00. Following the transaction, the director owned 3,924,427 shares of the company’s stock, valued at $316,858,235.98. This represents a 6.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $83.68, for a total transaction of $836,800.00. Following the completion of the transaction, the insider directly owned 481,396 shares of the company’s stock, valued at approximately $40,283,217.28. The trade was a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders purchased 680,000 shares of company stock worth $55,306,560 and sold 633,484 shares worth $47,542,923. Corporate insiders own 14.47% of the company’s stock.

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.