Robinhood Markets, Inc. $HOOD Stock: Park Avenue Securities LLC Raises Stake

Park Avenue Securities LLC increased its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 9.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 177,779 shares of the company’s stock after purchasing an additional 15,132 shares during the quarter. Park Avenue Securities LLC’s holdings in Robinhood Markets were worth $20,000,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in shares of Robinhood Markets during the second quarter valued at about $379,695,000. Amundi boosted its position in shares of Robinhood Markets by 89.0% during the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock worth $442,497,000 after purchasing an additional 3,007,103 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Robinhood Markets by 48.6% in the 1st quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock valued at $353,717,000 after buying an additional 1,668,400 shares during the period. Hound Partners LLC acquired a new stake in shares of Robinhood Markets in the 1st quarter valued at about $73,150,000. Finally, Amova Asset Management Americas Inc. grew its stake in shares of Robinhood Markets by 15.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock valued at $362,925,000 after buying an additional 685,041 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HOOD. JPMorgan Chase & Co. upped their price target on Robinhood Markets from $103.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 20th. Benchmark raised Robinhood Markets to a “strong-buy” rating in a research note on Wednesday, September 9th. Wall Street Zen upgraded Robinhood Markets from a “sell” rating to a “hold” rating in a report on Saturday. Raymond James Financial restated a “market perform” rating on shares of Robinhood Markets in a report on Monday, October 5th. Finally, Citizens Jmp upped their target price on Robinhood Markets from $155.00 to $165.00 and gave the stock a “market outperform” rating in a research report on Friday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.29.

Robinhood Markets Stock Performance

Shares of HOOD opened at $92.84 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $83.47 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 1.89 and a beta of 2.35. The stock has a 50 day moving average of $108.81 and a 200 day moving average of $93.55. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $150.47.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 32.5% on a year-over-year basis. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 2.19 earnings per share for the current year.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Analysts see significant long-term potential in Robinhood’s expansion beyond traditional brokerage services. Bernstein projects the company’s prediction-markets business could generate approximately $1.7 billion in annual revenue by 2028, potentially surpassing crypto revenue. Bernstein Sees Robinhood Prediction Markets Reaching $1.7 Billion in Revenue by 2028, Topping Crypto
• Positive Sentiment: Robinhood now has 13 business lines generating at least $100 million in annualized revenue, highlighting product diversification and continued growth beyond stock trading. Investors will look for evidence that these newer businesses can produce sustainable margins. Robinhood Is Building 13 Businesses at Once
• Positive Sentiment: Rosenblatt recently initiated coverage with a Buy rating and a $135 price target, calling Robinhood a “generational growth story,” offering a bullish counterpoint to the recent pullback. Robinhood Gains as Rosenblatt Initiates at Buy

Insider Buying and Selling

In other Robinhood Markets news, CFO Shiv Verma sold 11,472 shares of Robinhood Markets stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $110.42, for a total transaction of $1,266,738.24. Following the completion of the transaction, the chief financial officer owned 56,858 shares of the company’s stock, valued at $6,278,260.36. The trade was a 16.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $113.71, for a total value of $1,137,100.00. Following the sale, the insider owned 499,943 shares in the company, valued at approximately $56,848,518.53. This represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,091,347 shares of company stock worth $128,447,880 in the last 90 days. 13.48% of the stock is currently owned by company insiders.

Robinhood Markets Profile

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.