Robinhood Markets, Inc. $HOOD Stock Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 295.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,342 shares of the company’s stock after buying an additional 6,231 shares during the period. Quadrant Capital Group LLC’s holdings in Robinhood Markets were worth $922,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HOOD. C M Bidwell & Associates Ltd. bought a new stake in shares of Robinhood Markets during the second quarter valued at approximately $27,000. James T. Borello RIA bought a new position in Robinhood Markets in the 3rd quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC bought a new position in Robinhood Markets in the 1st quarter valued at approximately $33,000. Glen Eagle Advisors LLC lifted its position in Robinhood Markets by 100.7% in the 1st quarter. Glen Eagle Advisors LLC now owns 568 shares of the company’s stock valued at $39,000 after acquiring an additional 285 shares in the last quarter. Finally, Continuum Advisory LLC purchased a new stake in Robinhood Markets during the 2nd quarter valued at $40,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets News Summary

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

• Positive Sentiment: Analyst support: Rosenblatt Securities initiated coverage with a Buy rating and a $135 price target, while other analysts have raised price targets or upgraded the shares. The bullish views reflect confidence in Robinhood’s growth prospects and diversified business model. Rosenblatt initiates coverage
• Positive Sentiment: Dubai expansion: Robinhood received authorization to offer stock and cryptocurrency trading in Dubai and plans a Middle Eastern launch in 2027. The move could expand its addressable market and add a new international growth channel. Robinhood Dubai license
• Positive Sentiment: Broader product ecosystem: Robinhood is expanding beyond traditional brokerage through prediction markets, cryptocurrency perpetual futures, tokenized assets and its advisor-services platform. Reported increases in bitcoin, gold and other prediction-market activity could support transaction revenue and customer engagement. Robinhood prediction markets
• Positive Sentiment: Robinhood stock tokens becoming eligible as collateral on Morpho could improve the utility of tokenized securities and strengthen the company’s blockchain strategy. Robinhood stock tokens on Morpho
• Neutral Sentiment: Investors are focused on Robinhood’s third-quarter results, scheduled for October 27. Forecasts emphasize trading activity, net deposits, recurring revenue and crypto volumes as key indicators of whether the company’s multiproduct strategy is translating into sustained earnings growth. Robinhood earnings preview
• Negative Sentiment: Crypto-revenue risk: Robinhood’s crypto revenue reportedly fell 38% year over year to $100 million in the second quarter, marking a third consecutive quarterly decline. A potential rebound in late-quarter activity may not fully offset the weakness. Robinhood crypto revenue
• Negative Sentiment: Director Baiju Bhatt sold 50,912 shares worth approximately $5.16 million under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance, it is not necessarily a signal of deteriorating fundamentals, but it can weigh on sentiment.

Insider Buying and Selling

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $113.71, for a total value of $1,137,100.00. Following the transaction, the insider owned 499,943 shares of the company’s stock, valued at approximately $56,848,518.53. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 11,472 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $110.42, for a total value of $1,266,738.24. Following the completion of the transaction, the chief financial officer directly owned 56,858 shares in the company, valued at $6,278,260.36. The trade was a 16.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,091,347 shares of company stock valued at $128,447,880 over the last ninety days. 13.48% of the stock is owned by insiders.

Robinhood Markets Trading Down 1.6%

Shares of HOOD stock opened at $95.07 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $150.47. The stock has a market capitalization of $85.48 billion, a P/E ratio of 41.88, a P/E/G ratio of 1.89 and a beta of 2.35. The firm’s 50 day moving average is $109.40 and its 200 day moving average is $97.21.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.18. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The company’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. Research analysts expect that Robinhood Markets, Inc. will post 2.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Bank of America lifted their target price on Robinhood Markets from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, October 5th. China Renaissance started coverage on Robinhood Markets in a report on Tuesday, July 7th. They set a “buy” rating and a $156.80 price target on the stock. Keefe, Bruyette & Woods increased their price objective on Robinhood Markets from $100.00 to $115.00 and gave the company a “market perform” rating in a research report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on Robinhood Markets from $138.00 to $134.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. Finally, Morgan Stanley lifted their price objective on Robinhood Markets from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus target price of $130.29.

Robinhood Markets Profile

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.