Robinhood Markets, Inc. $HOOD Stock: Rakuten Investment Management Inc. Grows Holdings

Rakuten Investment Management Inc. increased its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 9.7% in the third quarter, Holdings Channel reports. The firm owned 139,373 shares of the company’s stock after acquiring an additional 12,304 shares during the period. Rakuten Investment Management Inc.’s holdings in Robinhood Markets were worth $16,198,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. C M Bidwell & Associates Ltd. bought a new stake in shares of Robinhood Markets in the 2nd quarter worth about $27,000. James T. Borello RIA bought a new stake in shares of Robinhood Markets in the 3rd quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Robinhood Markets during the 1st quarter valued at approximately $33,000. Glen Eagle Advisors LLC lifted its stake in Robinhood Markets by 100.7% during the first quarter. Glen Eagle Advisors LLC now owns 568 shares of the company’s stock worth $39,000 after purchasing an additional 285 shares during the last quarter. Finally, Continuum Advisory LLC bought a new position in shares of Robinhood Markets during the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets News Roundup

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

• Positive Sentiment: Robinhood’s Q3 earnings topped estimates, with management highlighting cost discipline, rising customer deposits, and expansion into prediction markets and banking as growth drivers. Robinhood Q3 Earnings Call Highlights Cost Discipline and Expansion
• Positive Sentiment: SkyFi’s Satellite Intelligence app is now available to Robinhood Agents customers through monthly subscriptions, adding a new service and potential engagement opportunity. SkyFi’s Satellite Intelligence Now Available as a Robinhood Agent App
• Positive Sentiment: An investor article points to sharply rising transfers of tokenized stocks on Robinhood’s blockchain, which could generate transaction fees if activity continues to grow. This 1 Market Niche Is Growing at an Exponential Rate for Robinhood
• Neutral Sentiment: Chief Accounting Officer Dara Bazzano sold 4,473 shares under a pre-arranged Rule 10b5-1 plan. Such planned insider sales may draw attention but do not necessarily signal a change in company outlook. SEC Form 4 filing
• Negative Sentiment: Zacks Research cut its rating on HOOD from “strong-buy” to “hold,” adding a negative analyst signal. Zacks Research rating information
• Negative Sentiment: Crypto trading remains a headwind: a report says Robinhood’s crypto revenue fell 55% in Q3 while total revenue growth slowed to about 12%, raising questions about momentum in a key business line. Robinhood in a Food Fight for Anthropic IPO Shares as Crypto Trading Cools

Insider Transactions at Robinhood Markets

In related news, CFO Shiv Verma sold 11,472 shares of the firm’s 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 completion of the sale, the chief financial officer owned 56,858 shares of the company’s stock, valued at $6,278,260.36. This trade represents a 16.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 business’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 transaction of $2,937,977.28. Following the completion of the transaction, the insider owned 77,839 shares of the company’s stock, valued at $9,366,366.87. This trade represents 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. In the last quarter, insiders have sold 1,085,820 shares of company stock worth $127,925,316. 13.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

HOOD has been the topic of a number of analyst reports. UBS Group reaffirmed a “buy” rating on shares of Robinhood Markets in a report on Friday, October 30th. Keefe, Bruyette & Woods boosted their price target on shares of Robinhood Markets from $100.00 to $115.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a research report on Monday, September 21st. Citigroup restated a “market outperform” rating on shares of Robinhood Markets in a research report on Friday, October 9th. Finally, Rothschild & Co Redburn upped their price target on Robinhood Markets from $78.00 to $80.00 and gave the company a “sell” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.45.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $87.41 on Thursday. The company’s fifty day moving average is $107.15 and its two-hundred day moving average is $92.57. The firm has a market capitalization of $78.59 billion, a price-to-earnings ratio of 40.28, a P/E/G ratio of 1.91 and a beta of 2.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.24 and a quick ratio of 1.24. Robinhood Markets, Inc. has a 52-week low of $63.51 and a 52-week high of $144.77.

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

Robinhood Markets Company 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.