International Assets Investment Management LLC Acquires 5,590 Shares of Robinhood Markets, Inc. $HOOD

International Assets Investment Management LLC raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 118.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,328 shares of the company’s stock after acquiring an additional 5,590 shares during the quarter. International Assets Investment Management LLC’s holdings in Robinhood Markets were worth $724,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HOOD. Trifecta Capital Advisors LLC raised its holdings in shares of Robinhood Markets by 4.7% during the 1st quarter. Trifecta Capital Advisors LLC now owns 37,585 shares of the company’s stock valued at $2,605,000 after purchasing an additional 1,695 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in Robinhood Markets in the first quarter worth $3,665,000. Carnegie Investment Counsel increased its position in Robinhood Markets by 6,385.5% during the first quarter. Carnegie Investment Counsel now owns 123,225 shares of the company’s stock worth $8,539,000 after buying an additional 121,325 shares during the last quarter. 180 Wealth Advisors LLC increased its position in Robinhood Markets by 12.4% during the first quarter. 180 Wealth Advisors LLC now owns 3,110 shares of the company’s stock worth $216,000 after buying an additional 343 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Robinhood Markets by 0.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 184,102 shares of the company’s stock valued at $12,758,000 after buying an additional 1,191 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Robinhood Markets News Roundup

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

• Positive Sentiment: Robinhood’s blockchain push is gaining attention, with reports highlighting that its “Robinhood Chain” could create new growth opportunities for crypto-related projects and increase adoption of its ecosystem. Robinhood Chain: Why These 3 Crypto Projects Could Gain From Rising Adoption
• Positive Sentiment: Robinhood also drew interest after launching AI agent trading for crypto, with more than 70,000 accounts joining the beta, suggesting early user demand for new product features. Robinhood Brings AI Agent Trading to Crypto After 70,000 Accounts Join Beta
• Neutral Sentiment: Crypto media coverage around Robinhood Chain has been broadly upbeat, including a report that the launch is boosting optimism across Ethereum-related projects. Robinhood Chain launch boosts Ethereum optimism; Saylor hints Bitcoin sale shift
• Neutral Sentiment: Another headline noted a trader turning $85 into more than $2 million on a meme coin tied to Robinhood Chain, highlighting speculative excitement but not a direct fundamental driver for HOOD. Crypto trader turns $85 into $2 million on Robinhood Chain meme coin
• Negative Sentiment: Despite the positive crypto-related headlines, an earlier market note flagged Robinhood stock as trading down, and broader weakness in futures and risk assets may be adding pressure on the shares. Robinhood Markets (NASDAQ:HOOD) Trading Down 2.7% – Should You Sell?

Analyst Upgrades and Downgrades

HOOD has been the subject of a number of analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $125.00 price target on shares of Robinhood Markets in a research report on Thursday, July 2nd. China Renaissance started coverage on Robinhood Markets in a report on Tuesday, July 7th. They set a “buy” rating on the stock. Loop Capital set a $110.00 price objective on Robinhood Markets in a research note on Wednesday, June 17th. Citizens Jmp restated a “market outperform” rating and issued a $155.00 target price on shares of Robinhood Markets in a report on Thursday, May 28th. Finally, Morgan Stanley upped their target price on Robinhood Markets from $95.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Friday. Twenty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Robinhood Markets Stock Down 1.9%

Shares of NASDAQ:HOOD opened at $109.86 on Tuesday. The company has a market cap of $98.93 billion, a price-to-earnings ratio of 53.07, a PEG ratio of 2.41 and a beta of 2.33. The business has a 50 day moving average price of $91.75 and a 200 day moving average price of $89.18. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was up 15.1% on a year-over-year basis. Analysts anticipate that Robinhood Markets, Inc. will post 1.88 EPS for the current year.

Insiders Place Their Bets

In related news, insider Steven M. Quirk sold 19,377 shares of the business’s stock in a transaction 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 transaction, the insider owned 62,612 shares of the company’s stock, valued at approximately $7,510,935.52. The trade was a 23.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $116.14, for a total transaction of $1,161,400.00. Following the transaction, the insider owned 471,396 shares of the company’s stock, valued at approximately $54,747,931.44. The trade was a 2.08% 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 90 days, insiders have acquired 680,000 shares of company stock valued at $55,306,560 and have sold 659,112 shares valued at $68,741,158. Insiders own 13.48% 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.