Robinhood Markets, Inc. $HOOD Stake Increased by Simplicity Wealth LLC

Simplicity Wealth LLC boosted its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 63.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,296 shares of the company’s stock after acquiring an additional 6,346 shares during the period. Simplicity Wealth LLC’s holdings in Robinhood Markets were worth $1,833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its position in shares of Robinhood Markets by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,405 shares of the company’s stock worth $3,083,000 after purchasing an additional 102 shares during the period. Lake Street Private Wealth LLC boosted its stake in shares of Robinhood Markets by 0.3% in the 3rd quarter. Lake Street Private Wealth LLC now owns 43,899 shares of the company’s stock valued at $4,939,000 after purchasing an additional 114 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Robinhood Markets by 11.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,089 shares of the company’s stock valued at $109,000 after purchasing an additional 116 shares during the last quarter. Root Financial Partners LLC boosted its stake in shares of Robinhood Markets by 5.4% in the 3rd quarter. Root Financial Partners LLC now owns 2,510 shares of the company’s stock valued at $282,000 after purchasing an additional 129 shares during the last quarter. Finally, Brookstone Capital Management increased its position in shares of Robinhood Markets by 2.5% during the third quarter. Brookstone Capital Management now owns 5,230 shares of the company’s stock worth $588,000 after buying an additional 129 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Analysts see significant long-term potential in Robinhood’s expansion beyond traditional brokerage services. Bernstein projects the company’s prediction-markets business could generate approximately $1.7 billion in annual revenue by 2028, potentially surpassing crypto revenue. Bernstein Sees Robinhood Prediction Markets Reaching $1.7 Billion in Revenue by 2028, Topping Crypto
• Positive Sentiment: Robinhood now has 13 business lines generating at least $100 million in annualized revenue, highlighting product diversification and continued growth beyond stock trading. Investors will look for evidence that these newer businesses can produce sustainable margins. Robinhood Is Building 13 Businesses at Once
• Positive Sentiment: Rosenblatt recently initiated coverage with a Buy rating and a $135 price target, calling Robinhood a “generational growth story,” offering a bullish counterpoint to the recent pullback. Robinhood Gains as Rosenblatt Initiates at Buy

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Robinhood Markets from $127.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, September 8th. Mizuho boosted their target price on shares of Robinhood Markets from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, September 9th. Morgan Stanley upped their price target on shares of Robinhood Markets from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, October 9th. BTIG Research increased their price target on Robinhood Markets from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, September 29th. Finally, China Renaissance initiated coverage on Robinhood Markets in a report on Tuesday, July 7th. They set a “buy” rating and a $156.80 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and an average price target of $130.29.

Robinhood Markets Stock Performance

Shares of HOOD stock opened at $92.84 on Tuesday. The company has a market cap of $83.47 billion, a price-to-earnings ratio of 40.90, a price-to-earnings-growth ratio of 1.89 and a beta of 2.35. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $150.47. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $108.81 and a 200-day moving average of $93.55.

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

Insiders Place Their Bets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $113.71, for a total transaction of $1,137,100.00. Following the transaction, the insider owned 499,943 shares in the company, valued at approximately $56,848,518.53. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 11,472 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $110.42, for a total transaction of $1,266,738.24. Following the transaction, the chief financial officer directly owned 56,858 shares in the company, valued at $6,278,260.36. This trade represents a 16.79% 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 sold 1,091,347 shares of company stock valued at $128,447,880. 13.48% of the stock is currently owned by corporate insiders.

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.