Diversify Wealth Management LLC Makes New $3.67 Million Investment in Robinhood Markets, Inc. $HOOD

Diversify Wealth Management LLC purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the first quarter, HoldingsChannel reports. The institutional investor purchased 51,477 shares of the company’s stock, valued at approximately $3,665,000.

Several other hedge funds also recently modified their holdings of HOOD. Vanguard Group Inc. grew its stake in shares of Robinhood Markets by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock worth $10,831,756,000 after acquiring an additional 1,334,443 shares during the last quarter. State Street Corp raised its stake in Robinhood Markets by 2.7% during the 4th quarter. State Street Corp now owns 33,121,452 shares of the company’s stock valued at $3,746,036,000 after purchasing an additional 875,297 shares during the last quarter. Geode Capital Management LLC raised its stake in Robinhood Markets by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock valued at $2,386,944,000 after purchasing an additional 356,902 shares during the last quarter. Morgan Stanley boosted its holdings in Robinhood Markets by 23.9% in the 4th quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock valued at $1,208,335,000 after purchasing an additional 2,061,832 shares during the period. Finally, Norges Bank bought a new stake in Robinhood Markets in the 4th quarter valued at $1,202,160,000. 93.27% of the stock is owned by institutional investors.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Morgan Stanley raised its price target on Robinhood Markets (HOOD) to $124 from $95, which signals improved upside expectations even though the firm kept an equal-weight rating.
• Positive Sentiment: Barclays also turned more bullish earlier in the week, lifting its target to $122 and maintaining an overweight rating, reinforcing analyst confidence in HOOD’s growth outlook.
• Positive Sentiment: Robinhood Chain is drawing major attention after quickly climbing into the top tier of blockchains by 24-hour DEX volume, with articles highlighting surging activity, meme-coin trading, and broader crypto engagement that could boost Robinhood’s platform relevance. Article: HOOD Stock Drops Despite Price Target Hike — Robinhood Chain Beats ARB, HYPE, NEAR In DEX Trading
• Positive Sentiment: CEO Vlad Tenev’s comments about expanding stock ownership and broadening access to investing keep the long-term growth story in focus, especially as Robinhood adds new products and markets. Article: Robinhood CEO Vlad Tenev Says ‘Only 62% of Americans’ Exposed to Stocks: ‘I’d Like to Get That to 100’
• Neutral Sentiment: Several reports note Robinhood remains heavily followed by investors and analysts, but these are more confirmation of elevated attention than new fundamental information.
• Negative Sentiment: Recent insider selling, including sales by a Robinhood director and ongoing ARK Invest trimming of HOOD shares, may be weighing on sentiment even though some trades were pre-planned under Rule 10b5-1.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock opened at $111.97 on Monday. The stock has a market capitalization of $100.83 billion, a price-to-earnings ratio of 54.09, a P/E/G ratio of 2.41 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 firm’s 50-day moving average price is $91.01 and its two-hundred day moving average price is $89.25.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 EPS 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 during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm posted $0.37 EPS. Robinhood Markets’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, equities research analysts predict that Robinhood Markets, Inc. will post 1.88 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on HOOD. Keefe, Bruyette & Woods dropped their price objective on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, April 29th. Needham & Company LLC increased their target price on shares of Robinhood Markets from $85.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Robinhood Markets from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Citizens Jmp restated a “market outperform” rating and set a $155.00 price target on shares of Robinhood Markets in a research note on Thursday, May 28th. Finally, Mizuho upped their price target on Robinhood Markets from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Insider Transactions at Robinhood Markets

In related news, insider Steven M. Quirk sold 19,377 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $119.96, for a total value of $2,324,464.92. Following the sale, the insider owned 62,612 shares in the company, valued at approximately $7,510,935.52. This represents a 23.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $116.14, for a total value of $1,161,400.00. Following the sale, the insider directly owned 471,396 shares of the company’s stock, valued at $54,747,931.44. This represents a 2.08% 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. Over the last ninety days, insiders have purchased 680,000 shares of company stock valued at $55,306,560 and have sold 659,112 shares valued at $68,741,158. 14.47% of the stock is currently owned by corporate 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.