Private Advisor Group LLC Lowers Stake in Robinhood Markets, Inc. $HOOD

Private Advisor Group LLC cut its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 18.7% during the first quarter, HoldingsChannel reports. The firm owned 81,998 shares of the company’s stock after selling 18,908 shares during the period. Private Advisor Group LLC’s holdings in Robinhood Markets were worth $5,683,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp grew its holdings in shares of Robinhood Markets by 103.2% during the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after buying an additional 16,375,734 shares during the last quarter. Norges Bank purchased a new stake in Robinhood Markets during the 4th quarter valued at approximately $1,202,160,000. Corient Private Wealth LLC raised its stake in Robinhood Markets by 5,221.4% during the 4th quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock valued at $289,519,000 after acquiring an additional 2,511,743 shares during the last quarter. Jennison Associates LLC lifted its position in Robinhood Markets by 95.7% during the 4th quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock worth $499,001,000 after acquiring an additional 2,157,372 shares during the period. Finally, Morgan Stanley grew its stake in shares of Robinhood Markets by 23.9% in the 4th quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock valued at $1,208,335,000 after purchasing an additional 2,061,832 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Robinhood shares rose after consumer confidence improved in June, which can support trading activity and retail investing demand. Why Robinhood (HOOD) Stock Is Up Today
• Positive Sentiment: The company is drawing attention for new growth initiatives, including agentic AI trading, stock tokenization, DeFi lending, perpetual futures, and international expansion in the UK and Europe, which investors may see as long-term revenue drivers. HOOD Bets on DeFi, Tokenization & AI Trading in Global Expansion Push
• Positive Sentiment: Analysts and market commentary are highlighting Robinhood as a stock with strong fundamentals and upside potential as capital rotates out of crowded AI trades. AI Is Selling Off, But These 5 Stocks Could Benefit Next (HOOD)
• Neutral Sentiment: Robinhood’s CEO has been promoting the new Trump Accounts program and said the company will generate revenue from it, but the immediate stock impact is still unclear. Robinhood CEO on Trump Accounts: We do generate revenue from this
• Neutral Sentiment: Upcoming Q2 earnings remain a focal point, with investors watching whether business momentum from banking, prediction markets, and crypto products can outpace estimates. Robinhood Markets’ Q2 2026 Earnings: What to Expect

Robinhood Markets Price Performance

Shares of NASDAQ HOOD traded down $2.92 during trading on Tuesday, hitting $114.62. 7,061,938 shares of the company were exchanged, compared to its average volume of 30,263,721. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86. The company has a market cap of $103.22 billion, a price-to-earnings ratio of 55.41, a PEG ratio of 2.53 and a beta of 2.33. The firm’s fifty day moving average price is $88.38 and its 200 day moving average price is $89.42.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HOOD. Jefferies Financial Group dropped their target price on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Citizens Jmp reiterated a “market outperform” rating and issued a $155.00 price objective on shares of Robinhood Markets in a research report on Thursday, May 28th. The Goldman Sachs Group boosted their price objective on shares of Robinhood Markets from $108.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Mizuho upped their price objective on shares of Robinhood Markets from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Finally, KeyCorp restated an “overweight” rating and issued a $100.00 target price on shares of Robinhood Markets in a research note on Monday, June 1st. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and an average target price of $115.00.

Insider Activity at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $83.68, for a total value of $836,800.00. Following the completion of the transaction, the insider directly owned 481,396 shares of the company’s stock, valued at approximately $40,283,217.28. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 67,422 shares of Robinhood Markets stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $75.38, for a total transaction of $5,082,270.36. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have purchased 680,000 shares of company stock valued at $55,306,560 and have sold 242,649 shares valued at $20,250,598. 19.95% of the stock is owned by company insiders.

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.