Surience Private Wealth LLC Makes New $1.49 Million Investment in Robinhood Markets, Inc. $HOOD

Surience Private Wealth LLC purchased a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,538 shares of the company’s stock, valued at approximately $1,493,000. Robinhood Markets accounts for about 1.6% of Surience Private Wealth LLC’s investment portfolio, making the stock its 20th largest holding.

Other hedge funds have also recently made changes to their positions in the company. CENTRAL TRUST Co raised its position in shares of Robinhood Markets by 3,257.7% in the first quarter. CENTRAL TRUST Co now owns 3,492 shares of the company’s stock worth $242,000 after buying an additional 3,388 shares in the last quarter. Murphy & Mullick Capital Management Corp grew its position in Robinhood Markets by 41.2% during the first quarter. Murphy & Mullick Capital Management Corp now owns 1,902 shares of the company’s stock worth $132,000 after buying an additional 555 shares in the last quarter. Wealth Management Partners LLC increased its stake in Robinhood Markets by 63.6% in the 1st quarter. Wealth Management Partners LLC now owns 3,845 shares of the company’s stock worth $266,000 after acquiring an additional 1,495 shares during the last quarter. Buffalo Business & Estate Services Ltd. raised its holdings in shares of Robinhood Markets by 13.3% in the 1st quarter. Buffalo Business & Estate Services Ltd. now owns 14,971 shares of the company’s stock valued at $1,037,000 after acquiring an additional 1,755 shares in the last quarter. Finally, Verde Capital Management raised its holdings in shares of Robinhood Markets by 697.6% in the 1st quarter. Verde Capital Management now owns 38,755 shares of the company’s stock valued at $2,686,000 after acquiring an additional 33,896 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HOOD has been the subject of several recent analyst reports. Citizens Jmp reissued a “market outperform” rating and set a $155.00 price objective on shares of Robinhood Markets in a report on Thursday, May 28th. JPMorgan Chase & Co. lowered their target price on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Morgan Stanley dropped their target price on shares of Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Robinhood Markets in a research note on Friday, March 27th. Finally, Loop Capital set a $110.00 price target on shares of Robinhood Markets in a report on Wednesday, June 17th. Eighteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $112.36.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Robinhood said it will use about $290 million of the convertible note proceeds to repurchase shares, while capped calls are intended to reduce dilution if the notes are converted. Article Title
• Positive Sentiment: Truist remained bullish on Robinhood, saying June trading volumes point to a record quarter and transaction revenue may come in ahead of estimates. Article Title
• Neutral Sentiment: Robinhood’s stock remains a heavily watched name, with mixed coverage from recent articles discussing its long-term business model, trading activity, and founder Baiju Bhatt’s origin story. Article Title
• Neutral Sentiment: Analyst notes and market commentary continue to highlight Robinhood’s growth versus volatility, with some bullish price targets but also debate over the durability of its growth drivers. Article Title
• Negative Sentiment: The $2 billion convertible debt raise raised dilution concerns, even with capped calls and buybacks meant to soften the impact. Article Title
• Negative Sentiment: Meta’s reported work on a prediction-market app pressured Robinhood by raising the risk of new competition in a potentially important product category. Article Title

Robinhood Markets Trading Down 5.9%

Shares of Robinhood Markets stock opened at $97.18 on Thursday. The firm has a market capitalization of $87.52 billion, a PE ratio of 46.95, a price-to-earnings-growth ratio of 1.90 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. The business’s 50-day moving average price is $85.34 and its 200-day moving average price is $90.62.

Robinhood Markets (NASDAQ:HOOD) last released 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). The firm 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 business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. As a group, analysts predict that Robinhood Markets, Inc. will post 1.8 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Baiju Bhatt sold 67,422 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total transaction of $5,082,270.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction on Monday, April 6th. The stock was sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the completion of the transaction, the chief executive officer owned 375,000 shares in the company, valued at approximately $26,186,250. The trade was a 50.00% 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 three months, insiders bought 680,000 shares of company stock valued at $55,306,560 and sold 633,484 shares valued at $47,542,923. 14.47% of the stock is owned by insiders.

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.