Robinhood Markets, Inc. $HOOD Stock: RHL Group LLC Increases Stake

RHL Group LLC lifted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 170.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,151 shares of the company’s stock after buying an additional 22,784 shares during the quarter. Robinhood Markets makes up 2.7% of RHL Group LLC’s holdings, making the stock its 9th largest holding. RHL Group LLC’s holdings in Robinhood Markets were worth $4,067,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HOOD. M Holdings Securities Inc. bought a new position in Robinhood Markets in the 3rd quarter worth $472,000. Brighton Jones LLC raised its holdings in Robinhood Markets by 1.8% during the third quarter. Brighton Jones LLC now owns 9,864 shares of the company’s stock valued at $1,110,000 after acquiring an additional 179 shares during the period. Cooper Haims Advisors LLC raised its holdings in Robinhood Markets by 24.3% during the third quarter. Cooper Haims Advisors LLC now owns 2,509 shares of the company’s stock valued at $282,000 after acquiring an additional 491 shares during the period. J. Derek Lewis & Associates Inc. raised its holdings in Robinhood Markets by 35.6% during the third quarter. J. Derek Lewis & Associates Inc. now owns 4,137 shares of the company’s stock valued at $465,000 after acquiring an additional 1,085 shares during the period. Finally, Ethic Inc. lifted its position in shares of Robinhood Markets by 10.5% in the third quarter. Ethic Inc. now owns 64,051 shares of the company’s stock valued at $7,206,000 after acquiring an additional 6,099 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.

Key Robinhood Markets News

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

• Positive Sentiment: Cathie Wood is buying HOOD again after selling shares ahead of a steep decline, a high-profile vote of confidence that may help sentiment. Cathie Wood is buying HOOD again
• Positive Sentiment: Robinhood generated $173 million from prediction markets last quarter—more than from crypto. The segment’s growth helped offset weaker crypto sales and could provide a new revenue driver, though regulatory uncertainty remains. Robinhood’s prediction-market revenue
• Neutral Sentiment: Robinhood’s latest quarter beat analysts’ earnings-per-share estimate, but revenue came in slightly below consensus. Results also highlighted cost discipline and customer-deposit growth. Robinhood Q3 earnings call highlights
• Neutral Sentiment: Two insiders recently sold shares: Daniel Gallagher, Jr. sold 10,000 and CAO Dara Bazzano sold 4,473. Both transactions were made under pre-arranged Rule 10b5-1 plans, so they may be less informative about current views of the stock. Gallagher share sale
• Negative Sentiment: Bitcoin’s decline recently pressured Robinhood and other retail-focused fintech stocks, underscoring the risk that reduced crypto activity could weigh on results. Political shifts in Congress have also raised concerns about slower financial deregulation and greater industry scrutiny. Bitcoin and political concerns weigh on fintech shares

Insider Activity at Robinhood Markets

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, October 5th. The stock was 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 of the company’s stock, valued at $56,848,518.53. The trade was a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 24,416 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $120.33, for a total value of $2,937,977.28. Following the sale, the insider directly owned 77,839 shares in the company, valued at $9,366,366.87. This trade represents a 23.88% 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 1,095,820 shares of company stock valued at $128,775,816 in the last 90 days. 13.48% of the stock is currently owned by insiders.

Robinhood Markets Price Performance

HOOD opened at $80.91 on Monday. The company has a market capitalization of $72.74 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 1.80 and a beta of 2.56. The firm has a 50-day simple moving average of $105.97 and a two-hundred day simple moving average of $92.30. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.26. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $139.75.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, October 28th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. Robinhood Markets had a return on equity of 21.49% and a net margin of 39.04%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year. Analysts forecast that Robinhood Markets, Inc. will post 2.10 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 price objective (up from $135.00) on shares of Robinhood Markets in a research note on Wednesday, September 2nd. Wall Street Zen downgraded Robinhood Markets from a “hold” rating to a “strong sell” rating in a research note on Sunday, November 1st. Scotiabank decreased their target price on Robinhood Markets from $136.00 to $124.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, October 28th. Wells Fargo & Company lowered their price target on Robinhood Markets from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 28th. Finally, Morgan Stanley upped their price target on Robinhood Markets from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.45.

Robinhood Markets Company Profile

Robinhood Markets, Inc operates a digital financial services platform that gives customers access to investing and financial products through its website and mobile app. Its offerings include trading in stocks, exchange-traded funds, options and cryptocurrencies, as well as retirement accounts and cash-management services.

Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood built its business around making financial services more accessible through a mobile-first platform. The company is headquartered in Menlo Park, California, and serves customers in the United States and select international markets.

Robinhood also offers subscription-based services through Robinhood Gold, which provides eligible customers with additional account features.