Cresset Asset Management LLC Purchases 8,436 Shares of Robinhood Markets, Inc. $HOOD

Cresset Asset Management LLC increased its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 8.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 112,787 shares of the company’s stock after purchasing an additional 8,436 shares during the period. Cresset Asset Management LLC’s holdings in Robinhood Markets were worth $16,149,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HOOD. Valley National Advisers Inc. raised its holdings in shares of Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Golden State Wealth Management LLC grew its holdings in Robinhood Markets by 107.6% during the third quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 99 shares during the period. Vision Financial Markets LLC increased its position in Robinhood Markets by 100.0% during the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Robinhood Markets in the third quarter valued at approximately $29,000. Finally, Guerra Advisors Inc bought a new stake in Robinhood Markets in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

Shares of Robinhood Markets stock opened at $82.21 on Thursday. The firm has a 50-day moving average of $96.71 and a 200-day moving average of $115.30. Robinhood Markets, Inc. has a 52-week low of $29.66 and a 52-week high of $153.86. The stock has a market cap of $74.01 billion, a PE ratio of 39.91, a PEG ratio of 1.54 and a beta of 2.47.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The business’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.01 EPS. Equities research analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Robinhood Markets

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $87.07, for a total transaction of $870,700.00. Following the sale, the insider owned 393,612 shares of the company’s stock, valued at $34,271,796.84. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Steven M. Quirk sold 52,540 shares of Robinhood Markets stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total value of $4,613,537.40. Following the completion of the transaction, the insider directly owned 27,564 shares of the company’s stock, valued at $2,420,394.84. This represents a 65.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 470,997 shares of company stock valued at $55,147,954 in the last three months. Corporate insiders own 14.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen downgraded Robinhood Markets from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Dbs Bank raised shares of Robinhood Markets to a “moderate buy” rating in a research report on Wednesday, November 12th. Piper Sandler decreased their price objective on shares of Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of Robinhood Markets in a research report on Wednesday, February 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Robinhood Markets in a report on Monday, December 22nd. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.71.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood launched a new premium Platinum credit card aimed at high‑income customers, signaling a push to win affluent clients and capture more consumer wallet share; this expands revenue potential beyond trading. Robinhood targets wealthy customers with new Platinum credit card
• Positive Sentiment: The company is unveiling multiple new products at a high‑profile launch event (JFK), which has generated positive investor buzz and helped lift the stock as traders anticipate new monetization paths. Robinhood Stock Takes Flight Ahead of Product Launch Event
• Positive Sentiment: Robinhood is piloting an advisor referral network and articulating a “financial super app” strategy (banking, investing, AI tools), which, if executed, could increase customer lifetime value and diversify fee streams. Robinhood Tests Advisor Network As Super App Vision Shapes Growth Story
• Positive Sentiment: Cryptocurrency price recovery (notably Bitcoin) boosted crypto‑related securities and trading activity, providing a short‑term tailwind to Robinhood’s transaction revenue and driving intraday gains. Why Are Robinhood (HOOD) Shares Soaring Today
• Positive Sentiment: High‑profile endorsements and bullish commentary (e.g., Jim Cramer) are amplifying investor optimism about Robinhood’s long‑term position in retail finance and its product roadmap. Jim Cramer on Robinhood: “They Own the Future”
• Neutral Sentiment: Robinhood is attracting heightened retail and media attention (noted by outlets like Zacks), which increases trading volume and volatility but is not a direct fundamental driver. Investors Heavily Search Robinhood Markets, Inc. (HOOD): Here is What You Need to Know
• Negative Sentiment: Execution and competition risk: the premium credit card and super‑app moves put Robinhood up against entrenched players (AmEx, JPMorgan, established RIA channels); failure to attract wealthy customers or monetize new services would pressure expectations. Robinhood launches new platinum credit card aimed at wealthy customers

About Robinhood Markets

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.