Dimensional Fund Advisors LP Trims Holdings in Robinhood Markets, Inc. $HOOD

Dimensional Fund Advisors LP trimmed its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,221,865 shares of the company’s stock after selling 57,706 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Robinhood Markets were worth $223,086,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HOOD. Vanguard Group Inc. increased its position in shares of Robinhood Markets by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock valued at $10,831,756,000 after buying an additional 1,334,443 shares during the period. State Street Corp boosted its position in shares of Robinhood Markets by 2.7% in the fourth quarter. State Street Corp now owns 33,121,452 shares of the company’s stock valued at $3,746,036,000 after acquiring an additional 875,297 shares during the period. Geode Capital Management LLC boosted its position in shares of Robinhood Markets by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock valued at $2,386,944,000 after acquiring an additional 356,902 shares during the period. Morgan Stanley grew its stake in Robinhood Markets by 23.9% during the fourth quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock valued at $1,208,335,000 after acquiring an additional 2,061,832 shares in the last quarter. Finally, Norges Bank purchased a new position in Robinhood Markets during the fourth quarter valued at approximately $1,202,160,000. Institutional investors own 93.27% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $116.17, for a total value of $43,563,750.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares in the company, valued at approximately $43,563,750. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meyer Malka acquired 250,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was purchased 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 approximately $316,858,235.98. This represents a 6.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 680,000 shares of company stock valued at $55,306,560 and have sold 587,875 shares valued at $62,602,915. Insiders own 13.48% of the company’s stock.

Robinhood Markets Price Performance

HOOD stock opened at $101.58 on Friday. The firm has a 50 day simple moving average of $96.17 and a two-hundred day simple moving average of $88.57. The stock has a market cap of $91.47 billion, a PE ratio of 49.07, a P/E/G ratio of 2.21 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.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business posted $0.37 EPS. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, research analysts expect that Robinhood Markets, Inc. will post 1.86 EPS for the current fiscal year.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Several analysts turned more constructive on Robinhood, including KeyCorp raising its price target to $125 and maintaining an overweight rating, while Needham and other reports pointed to further upside ahead of Q2 earnings.
• Positive Sentiment: Robinhood expanded its product ecosystem with a partnership with WHOOP that gives Platinum Card holders a complimentary annual WHOOP Peak membership, supporting its premium-card strategy.
• Positive Sentiment: Bernstein said Robinhood’s prediction-markets business could scale meaningfully, projecting it could reach $1.7 billion by 2028 and potentially overtake crypto revenue sooner than expected.
• Neutral Sentiment: Robinhood is set to report second-quarter results next week, and recent earnings previews suggest investors are focused on whether the company can beat expectations and sustain momentum.
• Neutral Sentiment: The company’s new premium card and growing Gold/Platinum membership base, including 1 million Gold cards, highlight product adoption, but these developments are not immediate catalysts by themselves.
• Negative Sentiment: HOOD is being dragged down by a broader pullback in tech stocks, which has weighed on risk assets and high-beta names like Robinhood.
• Negative Sentiment: ARK Invest’s continued selling of Robinhood shares is adding pressure to sentiment, even though the firm’s moves do not necessarily reflect Robinhood’s fundamentals.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HOOD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a report on Wednesday, June 24th. Mizuho boosted their price target on shares of Robinhood Markets from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Needham & Company LLC upped their price target on shares of Robinhood Markets from $97.00 to $123.00 and gave the stock a “buy” rating in a report on Tuesday. BTIG Research reiterated a “buy” rating and issued a $125.00 price objective on shares of Robinhood Markets in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.22.

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.