6,096 Shares of Robinhood Markets, Inc. $HOOD Purchased by United Asset Strategies Inc.

United Asset Strategies Inc. purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 6,096 shares of the company’s stock, valued at approximately $686,000.

Several other hedge funds have also bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Robinhood Markets by 10.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company’s stock valued at $472,141,000 after purchasing an additional 632,403 shares in the last quarter. Amundi boosted its position in shares of Robinhood Markets by 89.0% in the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock worth $442,497,000 after purchasing an additional 3,007,103 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Robinhood Markets in the 2nd quarter worth approximately $379,695,000. Amova Asset Management Americas Inc. grew its stake in shares of Robinhood Markets by 15.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock worth $362,925,000 after buying an additional 685,041 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Robinhood Markets by 48.6% during the 1st quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock valued at $353,717,000 after buying an additional 1,668,400 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Key Robinhood Markets News

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

• Positive Sentiment: Diversification is gaining traction. Robinhood reported record third-quarter revenue of approximately $1.42 billion, while prediction-market activity, equities, options and margin trading remained strong. Management also highlighted expansion of its Agentic Trading suite, crypto offerings and broader financial “super app” strategy. Robinhood’s Diversification Push Gains Momentum in Q3
• Positive Sentiment: Prediction markets are a major growth opportunity. The business reportedly grew sevenfold year over year, with management arguing that prediction markets could become a significant long-term revenue stream as activity expands beyond sports. Why Robinhood Thinks We’re at the Beginning of a Prediction Market Supercycle
• Positive Sentiment: Some analysts remain bullish. BTIG, Rosenblatt and Citizens JMP reiterated positive ratings, reflecting confidence in Robinhood’s product expansion and longer-term growth potential. BTIG Reaffirms Buy Rating
• Neutral Sentiment: Broader market pressure is adding volatility. A technology selloff and concerns about the sustainability of AI-related spending are weighing on high-growth and trading-platform stocks generally. Morning Call Sheet
• Negative Sentiment: Quarterly profitability disappointed investors. Although revenue reached a record, reports said adjusted EPS missed expectations, while GAAP net income and diluted EPS fell year over year. The contrast between strong top-line growth and weaker earnings raised concerns about operating performance and valuation. Why Wall Street Remains Bullish Despite the Decline
• Negative Sentiment: Crypto revenue fell sharply. Crypto revenue dropped 55% year over year amid a weaker crypto market, reducing a historically important source of transaction revenue. A record Binance theft also pressured crypto-related stocks across the sector. Crypto Stocks Fall After Binance Hack
• Negative Sentiment: Analysts lowered expectations. Wells Fargo, Goldman Sachs, JPMorgan, Barclays, KeyCorp, Scotiabank and Needham reduced price targets or forecasts, contributing to selling pressure. Barclays Cuts Robinhood Price Target

Insider Transactions at Robinhood Markets

In other news, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $113.72, for a total transaction of $42,645,000.00. Following the transaction, the chief executive officer directly owned 375,000 shares of the company’s stock, valued at $42,645,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total value of $1,266,738.24. Following the sale, 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 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. Over the last ninety days, insiders have sold 1,091,347 shares of company stock valued at $128,447,880. Insiders own 13.48% of the company’s stock.

Wall Street Analysts Forecast Growth

HOOD has been the subject of a number of recent research reports. Wall Street Zen upgraded Robinhood Markets from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. JPMorgan Chase & Co. dropped their target price on Robinhood Markets from $115.00 to $114.00 and set a “neutral” rating on the stock in a report on Wednesday. CICC Research increased their target price on Robinhood Markets from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Scotiabank reduced their price target on Robinhood Markets from $136.00 to $124.00 and set a “sector outperform” rating for the company in a report on Wednesday. Finally, China Renaissance began coverage on Robinhood Markets in a research report on Tuesday, July 7th. They issued a “buy” rating and a $156.80 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and an average target price of $127.39.

Robinhood Markets Stock Performance

HOOD stock opened at $84.99 on Friday. The stock has a market capitalization of $76.41 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 1.95 and a beta of 2.35. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $150.47. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26. The stock’s 50 day simple moving average is $108.49 and its 200 day simple moving average is $93.04.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Tuesday, October 27th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. Robinhood Markets had a return on equity of 21.49% and a net margin of 39.04%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. As a group, research analysts forecast that Robinhood Markets, Inc. will post 2.15 earnings per share for the current fiscal year.

About Robinhood Markets

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.