Sierra Summit Advisors LLC Raises Holdings in Robinhood Markets, Inc. $HOOD

Posted by James Conley on Jul 3rd, 2026

Sierra Summit Advisors LLC grew its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) by 39.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,255 shares of the company’s stock after buying an additional 55,361 shares during the quarter. Robinhood Markets comprises 2.0% of Sierra Summit Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Sierra Summit Advisors LLC’s holdings in Robinhood Markets were worth $13,531,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Y Intercept Hong Kong Ltd grew its holdings in Robinhood Markets by 455.6% during the first quarter. Y Intercept Hong Kong Ltd now owns 133,862 shares of the company’s stock worth $9,277,000 after acquiring an additional 109,770 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Robinhood Markets by 91.2% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 219,300 shares of the company’s stock worth $15,197,000 after acquiring an additional 104,600 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Robinhood Markets in the first quarter valued at $860,000. Strs Ohio lifted its holdings in Robinhood Markets by 10.8% in the first quarter. Strs Ohio now owns 307,648 shares of the company’s stock valued at $21,320,000 after acquiring an additional 29,920 shares during the period. Finally, Keybank National Association OH lifted its holdings in Robinhood Markets by 19.8% in the first quarter. Keybank National Association OH now owns 18,377 shares of the company’s stock valued at $1,274,000 after acquiring an additional 3,043 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Robinhood Markets Stock Performance

HOOD opened at $112.73 on Friday. The company has a market cap of $101.51 billion, a price-to-earnings ratio of 54.46, a PEG ratio of 2.55 and a beta of 2.33. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $153.86. The business’s fifty day moving average is $87.22 and its two-hundred day moving average is $89.45.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. On average, analysts predict that Robinhood Markets, Inc. will post 1.81 EPS for the current fiscal year.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CFO Shiv Verma sold 3,984 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $98.84, for a total transaction of $393,778.56. Following the completion of the transaction, the chief financial officer directly owned 59,927 shares in the company, valued at approximately $5,923,184.68. This trade represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meyer Malka bought 250,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were acquired at an average price of $80.74 per share, with a total value of $20,185,000.00. Following the completion of the acquisition, the director directly owned 3,924,427 shares in the company, valued at $316,858,235.98. This represents a 6.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 680,000 shares of company stock worth $55,306,560 and sold 633,484 shares worth $47,542,923. Insiders own 14.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. New Street Research set a $122.00 price target on shares of Robinhood Markets in a research note on Thursday, March 5th. Keefe, Bruyette & Woods reduced their price objective on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Truist Financial decreased their price objective on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Mizuho upped their target price on shares of Robinhood Markets from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Needham & Company LLC upped their target price on shares of Robinhood Markets from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Twenty analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

Read Our Latest Stock Report on Robinhood Markets

Key Stories Impacting Robinhood Markets

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

Positive Sentiment: Robinhood launched Robinhood Chain, a public Ethereum-based layer-2 blockchain built with Arbitrum technology, aimed at tokenized assets and onchain financial products; the rollout reinforces its push deeper into crypto and digital asset trading. Robinhood Launches Blockchain Designed for Real-World Assets
Positive Sentiment: The company also unveiled new AI-powered crypto trading tools, expanded perpetual futures in Europe, and said it plans to launch crypto trading in the U.K., signaling broader product expansion and international growth potential. Robinhood expands perpetual futures offering in Europe, plans crypto launch in UK
Positive Sentiment: Analysts turned more constructive, with one Mizuho analyst raising a price target and calling Robinhood a potential “hyperscaler” in online brokerage, while BTIG also reaffirmed a buy rating and lifted its target. Robinhood stock to soar as it becomes ‘the first hyperscaler of online brokerages’
Positive Sentiment: Trading volume and call-option activity surged, suggesting strong speculative and institutional interest in the stock. Benzinga report on BTIG price target
Neutral Sentiment: Robinhood said it will report second-quarter 2026 results on July 29, setting up the next major event for shares. Robinhood Markets, Inc. to Announce Second Quarter 2026 Results on July 29, 2026
Neutral Sentiment: The CEO also highlighted AI agents and even a Guinness World Record tied to AI purchases, but these headlines are more about brand and technology positioning than immediate fundamentals. AI agents will have ‘capability’ of human traders, Robinhood CEO tells CNBC

Robinhood Markets Company Profile

(Free Report)

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.