Greenwich Wealth Management LLC Buys Shares of 48,922 Robinhood Markets, Inc. $HOOD

Greenwich Wealth Management LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 4th quarter, Holdings Channel.com reports. The fund bought 48,922 shares of the company’s stock, valued at approximately $5,533,000.

Several other large investors have also recently bought and sold shares of the company. Caisse Des Depots ET Consignations bought a new stake in shares of Robinhood Markets during the third quarter worth $3,984,000. Aberdeen Group plc increased its position in shares of Robinhood Markets by 565.1% during the third quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock worth $26,565,000 after acquiring an additional 157,643 shares in the last quarter. NEOS Investment Management LLC bought a new stake in shares of Robinhood Markets during the third quarter worth $11,994,000. New York Life Investment Management LLC bought a new stake in shares of Robinhood Markets during the third quarter worth $14,989,000. Finally, Truist Financial Corp increased its position in shares of Robinhood Markets by 88.9% during the fourth quarter. Truist Financial Corp now owns 145,489 shares of the company’s stock worth $16,455,000 after acquiring an additional 68,458 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HOOD shares. New Street Research set a $122.00 price objective on shares of Robinhood Markets in a research report on Thursday, March 5th. Citizens Jmp reissued a “market outperform” rating and set a $155.00 price objective on shares of Robinhood Markets in a research report on Thursday, May 28th. Jefferies Financial Group lowered their price objective on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Wall Street Zen downgraded shares of Robinhood Markets from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $110.00 price objective on shares of Robinhood Markets in a research report on Wednesday, April 29th. Nineteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Robinhood Markets currently has a consensus rating of “Moderate Buy” and an average target price of $105.96.

Robinhood Markets Trading Down 2.8%

Shares of HOOD opened at $88.16 on Wednesday. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The firm has a fifty day simple moving average of $76.96 and a 200 day simple moving average of $93.93. The stock has a market capitalization of $79.39 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 2.79 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last announced its 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 for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the company posted $0.37 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, research analysts predict that Robinhood Markets, Inc. will post 1.85 earnings per share for the current fiscal year.

Key Robinhood Markets News

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

• Positive Sentiment: Robinhood completed its acquisition of WonderFi, giving it immediate entry into the Canadian crypto market and expanding its international reach through Bitbuy and Coinsquare. Robinhood Completes Acquisition of WonderFi
• Positive Sentiment: Director Meyer Malka bought 249,000 shares, a notable insider purchase that signals confidence in Robinhood’s outlook. SEC filing
• Positive Sentiment: KeyCorp reaffirmed an Overweight rating and a $100 price target, reinforcing the view that Wall Street still sees upside. Benzinga report on KeyCorp rating
• Neutral Sentiment: Robinhood’s new AI-powered trading, banking, and credit card tools are drawing interest, but some coverage suggests these launches may not be enough on their own to move the stock. Robinhood Markets (HOOD) Is Up 28.1% After Launching Agentic AI Trading And Credit Card Tools
• Neutral Sentiment: The Supreme Court is asking for the Solicitor General’s view on Robinhood’s appeal in an IPO-related lawsuit, keeping legal uncertainty in the background. Supreme Court Seeks Solicitor General’s View of Robinhood’s Appeal of Alleged IPO Omissions
• Negative Sentiment: Binance’s rollout of U.S. stock and ETF trading adds a new well-funded competitor in Robinhood’s core brokerage-adjacent territory, increasing competitive pressure. Crypto exchange Binance rolls out trading in US stocks, ETFs
• Negative Sentiment: Robinhood’s latest earnings showed a slight EPS and revenue miss, and its crypto revenue has been under pressure, which may temper enthusiasm around the growth story. Zacks WonderFi Buyout and Crypto Growth Story

Insider Buying and Selling at Robinhood Markets

In related news, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the completion of the transaction, the chief executive officer owned 375,000 shares in the company, valued at approximately $26,186,250. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock in a transaction on Monday, May 4th. The stock was sold at an average price of $76.89, for a total transaction of $768,900.00. Following the transaction, the insider owned 432,849 shares of the company’s stock, valued at $33,281,759.61. The trade was a 2.26% 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. Insiders have sold a total of 550,765 shares of company stock valued at $40,191,940 in the last three months. 19.95% of the stock is currently owned by insiders.

Robinhood Markets Company Profile

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.