Robinhood Markets, Inc. $HOOD Stock Holdings Lowered by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 22.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,094,518 shares of the company’s stock after selling 1,474,535 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.57% of Robinhood Markets worth $573,133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HOOD. C M Bidwell & Associates Ltd. purchased a new position in Robinhood Markets during the second quarter worth $27,000. James T. Borello RIA purchased a new stake in shares of Robinhood Markets in the third quarter valued at $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Robinhood Markets in the first quarter valued at $33,000. Glen Eagle Advisors LLC raised its stake in shares of Robinhood Markets by 100.7% in the first quarter. Glen Eagle Advisors LLC now owns 568 shares of the company’s stock valued at $39,000 after acquiring an additional 285 shares during the period. Finally, Continuum Advisory LLC bought a new stake in shares of Robinhood Markets in the 2nd quarter worth about $40,000. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Insider Buying and Selling at Robinhood Markets

In other news, insider Daniel Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $113.71, for a total transaction of $1,137,100.00. Following the completion of the sale, the insider owned 499,943 shares of the company’s stock, valued at approximately $56,848,518.53. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $1,266,738.24. Following the sale, the chief financial officer directly owned 56,858 shares of the company’s stock, valued at $6,278,260.36. This 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. In the last quarter, insiders sold 1,091,347 shares of company stock valued at $128,447,880. 13.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Bank of America lifted their price target on shares of Robinhood Markets from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. BTIG Research reissued a “buy” rating and issued a $135.00 price objective on shares of Robinhood Markets in a research report on Wednesday. Zacks Research raised shares of Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Loop Capital set a $135.00 price objective on shares of Robinhood Markets in a research note on Tuesday, September 29th. Finally, Truist Financial dropped their target price on Robinhood Markets from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.39.

Robinhood Markets News Roundup

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

• Positive Sentiment: Diversification is gaining traction. Robinhood reported record third-quarter revenue of approximately $1.42 billion, while prediction-market activity, equities, options and margin trading remained strong. Management also highlighted expansion of its Agentic Trading suite, crypto offerings and broader financial “super app” strategy. Robinhood’s Diversification Push Gains Momentum in Q3
• Positive Sentiment: Prediction markets are a major growth opportunity. The business reportedly grew sevenfold year over year, with management arguing that prediction markets could become a significant long-term revenue stream as activity expands beyond sports. Why Robinhood Thinks We’re at the Beginning of a Prediction Market Supercycle
• Positive Sentiment: Some analysts remain bullish. BTIG, Rosenblatt and Citizens JMP reiterated positive ratings, reflecting confidence in Robinhood’s product expansion and longer-term growth potential. BTIG Reaffirms Buy Rating
• Neutral Sentiment: Broader market pressure is adding volatility. A technology selloff and concerns about the sustainability of AI-related spending are weighing on high-growth and trading-platform stocks generally. Morning Call Sheet
• Negative Sentiment: Quarterly profitability disappointed investors. Although revenue reached a record, reports said adjusted EPS missed expectations, while GAAP net income and diluted EPS fell year over year. The contrast between strong top-line growth and weaker earnings raised concerns about operating performance and valuation. Why Wall Street Remains Bullish Despite the Decline
• Negative Sentiment: Crypto revenue fell sharply. Crypto revenue dropped 55% year over year amid a weaker crypto market, reducing a historically important source of transaction revenue. A record Binance theft also pressured crypto-related stocks across the sector. Crypto Stocks Fall After Binance Hack
• Negative Sentiment: Analysts lowered expectations. Wells Fargo, Goldman Sachs, JPMorgan, Barclays, KeyCorp, Scotiabank and Needham reduced price targets or forecasts, contributing to selling pressure. Barclays Cuts Robinhood Price Target

Robinhood Markets Trading Down 7.2%

HOOD stock opened at $84.99 on Friday. The company has a market capitalization of $76.41 billion, a PE ratio of 39.17, a P/E/G ratio of 1.81 and a beta of 2.35. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $150.47. The firm’s 50-day moving average is $108.49 and its 200 day moving average is $93.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.24 and a quick ratio of 1.22.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.44 billion. Robinhood Markets had a net margin of 39.04% and a return on equity of 21.49%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. On average, research analysts anticipate that Robinhood Markets, Inc. will post 2.18 EPS for the current year.

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.