22,784 Robinhood Markets, Inc. $HOOD Shares Purchased by RHL Group LLC

RHL Group LLC boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 170.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,151 shares of the company’s stock after acquiring an additional 22,784 shares during the period. Robinhood Markets accounts for about 2.7% of RHL Group LLC’s investment portfolio, making the stock its 9th largest holding. RHL Group LLC’s holdings in Robinhood Markets were worth $4,067,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. M Holdings Securities Inc. purchased a new position in shares of Robinhood Markets during the third quarter valued at approximately $472,000. Brighton Jones LLC grew its stake in shares of Robinhood Markets by 1.8% in the 3rd quarter. Brighton Jones LLC now owns 9,864 shares of the company’s stock worth $1,110,000 after buying an additional 179 shares during the last quarter. Cooper Haims Advisors LLC grew its stake in shares of Robinhood Markets by 24.3% in the 3rd quarter. Cooper Haims Advisors LLC now owns 2,509 shares of the company’s stock worth $282,000 after buying an additional 491 shares during the last quarter. J. Derek Lewis & Associates Inc. grew its stake in shares of Robinhood Markets by 35.6% in the 3rd quarter. J. Derek Lewis & Associates Inc. now owns 4,137 shares of the company’s stock worth $465,000 after buying an additional 1,085 shares during the last quarter. Finally, Ethic Inc. increased its position in Robinhood Markets by 10.5% during the 3rd quarter. Ethic Inc. now owns 64,051 shares of the company’s stock valued at $7,206,000 after buying an additional 6,099 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Cathie Wood is buying HOOD again after selling shares ahead of a steep decline, a high-profile vote of confidence that may help sentiment. Cathie Wood is buying HOOD again
• Positive Sentiment: Robinhood generated $173 million from prediction markets last quarter—more than from crypto. The segment’s growth helped offset weaker crypto sales and could provide a new revenue driver, though regulatory uncertainty remains. Robinhood’s prediction-market revenue
• Neutral Sentiment: Robinhood’s latest quarter beat analysts’ earnings-per-share estimate, but revenue came in slightly below consensus. Results also highlighted cost discipline and customer-deposit growth. Robinhood Q3 earnings call highlights
• Neutral Sentiment: Two insiders recently sold shares: Daniel Gallagher, Jr. sold 10,000 and CAO Dara Bazzano sold 4,473. Both transactions were made under pre-arranged Rule 10b5-1 plans, so they may be less informative about current views of the stock. Gallagher share sale
• Negative Sentiment: Bitcoin’s decline recently pressured Robinhood and other retail-focused fintech stocks, underscoring the risk that reduced crypto activity could weigh on results. Political shifts in Congress have also raised concerns about slower financial deregulation and greater industry scrutiny. Bitcoin and political concerns weigh on fintech shares

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Piper Sandler reiterated an “overweight” rating and set a $145.00 price objective (up from $135.00) on shares of Robinhood Markets in a research note on Wednesday, September 2nd. Raymond James Financial reissued a “market perform” rating on shares of Robinhood Markets in a research note on Monday, October 5th. Citizens Jmp reissued a “market outperform” rating and issued a $165.00 target price on shares of Robinhood Markets in a research note on Wednesday, October 28th. Mizuho raised their price target on Robinhood Markets from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, September 9th. Finally, Morgan Stanley lifted their price target on Robinhood Markets from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $126.45.

Insider Transactions at Robinhood Markets

In related news, CAO Dara Bazzano sold 4,473 shares of Robinhood Markets stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $85.32, for a total transaction of $381,636.36. Following the transaction, the chief accounting officer directly owned 3,000 shares in the company, valued at approximately $255,960. The trade was a 59.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $85.05, for a total value of $850,500.00. Following the sale, the insider directly owned 489,943 shares of the company’s stock, valued at $41,669,652.15. This represents a 2.00% decrease in their position. 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 sold a total of 1,095,820 shares of company stock worth $128,775,816 over the last three months. 13.48% of the stock is currently owned by insiders.

Robinhood Markets Stock Performance

HOOD opened at $80.91 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.26. The company has a market cap of $72.74 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 1.80 and a beta of 2.56. The company’s 50 day moving average is $105.97 and its 200 day moving average is $92.30. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $139.75.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.60 earnings per share for the quarter, topping 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 net margin of 39.04% and a return on equity of 21.49%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. On average, equities research analysts predict that Robinhood Markets, Inc. will post 2.10 EPS for the current year.

Robinhood Markets Profile

Robinhood Markets, Inc operates a digital financial services platform that gives customers access to investing and financial products through its website and mobile app. Its offerings include trading in stocks, exchange-traded funds, options and cryptocurrencies, as well as retirement accounts and cash-management services.

Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood built its business around making financial services more accessible through a mobile-first platform. The company is headquartered in Menlo Park, California, and serves customers in the United States and select international markets.

Robinhood also offers subscription-based services through Robinhood Gold, which provides eligible customers with additional account features.