Robinhood Markets, Inc. $HOOD Stock: Quadrant Capital Group LLC Grows Stake

Quadrant Capital Group LLC raised its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 295.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,342 shares of the company’s stock after acquiring an additional 6,231 shares during the quarter. Quadrant Capital Group LLC’s holdings in Robinhood Markets were worth $922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in Robinhood Markets by 37.1% in the 2nd quarter. Wellington Management Group LLP now owns 786,318 shares of the company’s stock worth $78,852,000 after purchasing an additional 212,855 shares during the period. Nykredit A S purchased a new position in Robinhood Markets during the second quarter valued at $29,008,000. NewEdge Advisors LLC grew its holdings in Robinhood Markets by 18.3% during the second quarter. NewEdge Advisors LLC now owns 68,920 shares of the company’s stock valued at $6,911,000 after purchasing an additional 10,685 shares during the period. QRG Capital Management Inc. grew its holdings in Robinhood Markets by 14.8% during the second quarter. QRG Capital Management Inc. now owns 180,595 shares of the company’s stock valued at $18,110,000 after purchasing an additional 23,253 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Robinhood Markets during the second quarter valued at about $22,691,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Down 1.6%

HOOD opened at $95.07 on Friday. The stock has a market cap of $85.48 billion, a price-to-earnings ratio of 41.88, a price-to-earnings-growth ratio of 1.89 and a beta of 2.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The firm’s fifty day moving average is $109.40 and its 200 day moving average is $97.21. Robinhood Markets, Inc. has a fifty-two week low of $63.51 and a fifty-two week high of $150.47.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $0.42 EPS. Robinhood Markets’s revenue for the quarter was up 32.5% compared to the same quarter last year. On average, sell-side analysts forecast that Robinhood Markets, Inc. will post 2.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Steven M. Quirk sold 24,416 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $120.33, for a total transaction of $2,937,977.28. Following the completion of the sale, the insider owned 77,839 shares in the company, valued at approximately $9,366,366.87. This trade represents a 23.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 11,472 shares of Robinhood Markets stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total value of $1,266,738.24. Following the sale, the chief financial officer directly owned 56,858 shares in the company, valued at $6,278,260.36. This trade represents a 16.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,091,347 shares of company stock valued at $128,447,880. Insiders own 13.48% of the company’s stock.

More Robinhood Markets News

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

• Positive Sentiment: Analyst support: Rosenblatt Securities initiated coverage with a Buy rating and a $135 price target, while other analysts have raised price targets or upgraded the shares. The bullish views reflect confidence in Robinhood’s growth prospects and diversified business model. Rosenblatt initiates coverage
• Positive Sentiment: Dubai expansion: Robinhood received authorization to offer stock and cryptocurrency trading in Dubai and plans a Middle Eastern launch in 2027. The move could expand its addressable market and add a new international growth channel. Robinhood Dubai license
• Positive Sentiment: Broader product ecosystem: Robinhood is expanding beyond traditional brokerage through prediction markets, cryptocurrency perpetual futures, tokenized assets and its advisor-services platform. Reported increases in bitcoin, gold and other prediction-market activity could support transaction revenue and customer engagement. Robinhood prediction markets
• Positive Sentiment: Robinhood stock tokens becoming eligible as collateral on Morpho could improve the utility of tokenized securities and strengthen the company’s blockchain strategy. Robinhood stock tokens on Morpho
• Neutral Sentiment: Investors are focused on Robinhood’s third-quarter results, scheduled for October 27. Forecasts emphasize trading activity, net deposits, recurring revenue and crypto volumes as key indicators of whether the company’s multiproduct strategy is translating into sustained earnings growth. Robinhood earnings preview
• Negative Sentiment: Crypto-revenue risk: Robinhood’s crypto revenue reportedly fell 38% year over year to $100 million in the second quarter, marking a third consecutive quarterly decline. A potential rebound in late-quarter activity may not fully offset the weakness. Robinhood crypto revenue
• Negative Sentiment: Director Baiju Bhatt sold 50,912 shares worth approximately $5.16 million under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance, it is not necessarily a signal of deteriorating fundamentals, but it can weigh on sentiment.

Analyst Ratings Changes

A number of brokerages have commented on HOOD. Zacks Research upgraded Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Robinhood Markets in a research report on Tuesday, September 8th. Rosenblatt Securities started coverage on Robinhood Markets in a research report on Wednesday. They set a “buy” rating and a $135.00 price objective on the stock. Benchmark upgraded Robinhood Markets to a “strong-buy” rating in a research note on Wednesday, September 9th. Finally, Piper Sandler reissued an “overweight” rating and issued a $145.00 target price (up from $135.00) on shares of Robinhood Markets in a report on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.29.

About Robinhood Markets

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.