Robinhood Markets, Inc. $HOOD Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC grew its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 9.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,779 shares of the company’s stock after acquiring an additional 15,132 shares during the quarter. Park Avenue Securities LLC’s holdings in Robinhood Markets were worth $20,000,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Robinhood Markets by 37.1% in the second quarter. Wellington Management Group LLP now owns 786,318 shares of the company’s stock valued at $78,852,000 after buying an additional 212,855 shares during the last quarter. Nykredit A S bought a new position in shares of Robinhood Markets during the 2nd quarter worth approximately $29,008,000. QRG Capital Management Inc. increased its holdings in shares of Robinhood Markets by 14.8% during the 2nd quarter. QRG Capital Management Inc. now owns 180,595 shares of the company’s stock worth $18,110,000 after acquiring an additional 23,253 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Robinhood Markets by 18.3% during the 2nd quarter. NewEdge Advisors LLC now owns 68,920 shares of the company’s stock worth $6,911,000 after acquiring an additional 10,685 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Robinhood Markets during the 2nd quarter worth approximately $22,691,000. 93.27% of the stock is owned by institutional investors.

Robinhood Markets Stock Down 2.3%

HOOD stock opened at $92.84 on Tuesday. Robinhood Markets, Inc. has a fifty-two week low of $63.51 and a fifty-two week high of $150.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $83.47 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 1.89 and a beta of 2.35. The business’s fifty day moving average price is $108.81 and its two-hundred day moving average price is $93.55.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted $0.42 earnings per share. Robinhood Markets’s quarterly revenue was up 32.5% on a year-over-year basis. On average, equities analysts anticipate that Robinhood Markets, Inc. will post 2.19 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Shiv Verma sold 11,472 shares of Robinhood Markets stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 56,858 shares in the company, valued at approximately $6,278,260.36. The trade was a 16.79% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, Director Baiju Bhatt sold 50,912 shares of Robinhood Markets stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $101.40, for a total value of $5,162,476.80. Additional details regarding this sale are available in the official SEC disclosure. 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 worth $128,447,880. 13.48% of the stock is currently owned by insiders.

Key Robinhood Markets News

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HOOD. Wells Fargo & Company cut their price target on Robinhood Markets from $125.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. Loop Capital set a $135.00 price objective on shares of Robinhood Markets in a report on Tuesday, September 29th. CICC Research upped their price objective on shares of Robinhood Markets from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 31st. The Goldman Sachs Group increased their price objective on shares of Robinhood Markets from $144.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, September 29th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Robinhood Markets from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.