Waverly Advisors LLC Has $1.80 Million Stock Position in Robinhood Markets, Inc. $HOOD

Waverly Advisors LLC lessened its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 46.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,971 shares of the company’s stock after selling 15,283 shares during the quarter. Waverly Advisors LLC’s holdings in Robinhood Markets were worth $1,802,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC lifted its stake in shares of Robinhood Markets by 527.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. Elyxium Wealth LLC bought a new stake in Robinhood Markets during the 4th quarter worth $27,000. MV Capital Management Inc. acquired a new position in Robinhood Markets in the 4th quarter worth about $27,000. C M Bidwell & Associates Ltd. acquired a new position in Robinhood Markets in the 2nd quarter worth about $27,000. Finally, Swiss RE Ltd. bought a new position in Robinhood Markets in the fourth quarter valued at about $27,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Robinhood Markets

In related news, Director Oluwadara Treseder sold 1,875 shares of Robinhood Markets stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $125.00, for a total transaction of $234,375.00. Following the completion of the transaction, the director owned 70,567 shares of the company’s stock, valued at $8,820,875. This trade represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Quirk sold 24,416 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $120.33, for a total transaction of $2,937,977.28. Following the completion of the transaction, the insider owned 77,839 shares in the company, valued at approximately $9,366,366.87. The trade was a 23.88% decrease in their position. 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 a total of 570,260 shares of company stock valued at $64,115,060 over the last 90 days. 13.48% of the stock is owned by company insiders.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $112.57 on Friday. The stock’s 50 day moving average is $103.62 and its 200 day moving average is $89.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $101.21 billion, a P/E ratio of 49.59, a P/E/G ratio of 2.30 and a beta of 2.34. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $153.86.

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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. As a group, research analysts expect that Robinhood Markets, Inc. will post 2.11 EPS for the current year.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Strong August activity and event-contract growth: Robinhood reported 28.6 million customers and broadly positive August operating metrics. Separately, event-contract activity reportedly increased 15-fold year over year, supporting the company’s diversification beyond traditional brokerage revenue. Robinhood August operating data Robinhood event contracts growth
• Positive Sentiment: New revenue opportunities: Citizens JMP raised its price target to $165 from $155 and maintained a Market Outperform rating. Citizens also projected Robinhood Chain could generate $365 million in revenue by 2027. Robinhood’s underwriting role in the Oura IPO could provide investment-banking fee revenue and create opportunities to participate in larger IPOs. Citizens Robinhood Chain projection Robinhood investment banking ambitions
• Neutral Sentiment: Expansion through partnerships: Robinhood is expanding prediction-market access through arrangements involving Crypto.com and OG.com, although the ultimate financial contribution remains uncertain.
• Negative Sentiment: Regulatory and legal concerns: Robinhood plans to stop offering sports prediction markets in Michigan amid litigation. A broader legal update highlights rapidly changing rules across several states, creating uncertainty around the company’s prediction-market growth strategy. Robinhood Michigan prediction markets lawsuit Prediction markets legal update
• Negative Sentiment: Tokenization faces scrutiny: Objections from securities issuers and unresolved regulatory questions could raise compliance costs and slow Robinhood’s international rollout of tokenized stocks. Robinhood tokenized-stock scrutiny
• Negative Sentiment: Insider sale: Director Oluwadara Treseder sold 1,875 shares for approximately $234,375 under a pre-arranged Rule 10b5-1 plan. The sale was small relative to her remaining stake but may add modest caution.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HOOD shares. The Goldman Sachs Group lifted their price target on Robinhood Markets from $124.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday. Benchmark upgraded shares of Robinhood Markets to a “strong-buy” rating in a research report on Wednesday. Barclays reduced their target price on shares of Robinhood Markets from $122.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Mizuho upped their price target on shares of Robinhood Markets from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Cantor Fitzgerald raised their price target on shares of Robinhood Markets from $115.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus target price of $129.83.

Robinhood Markets Company Profile

Robinhood Markets, Inc is a financial services company that operates a digital investing and trading platform. Through its mobile app and website, the company provides access to U.S. stocks, exchange-traded funds, options, cryptocurrencies and other investment products. Robinhood also offers individual retirement accounts, margin investing and cash-management services, subject to applicable eligibility requirements and regulations.

The company generates revenue from sources that include interest earned on customer cash and margin balances, transaction-based revenue related to options and cryptocurrency trading, subscription fees for Robinhood Gold and other service-related activities.