Great Lakes Retirement Inc. Acquires 18,704 Shares of Robinhood Markets, Inc. $HOOD

Great Lakes Retirement Inc. acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,704 shares of the company’s stock, valued at approximately $2,104,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Generali Asset Management SPA SGR boosted its stake in shares of Robinhood Markets by 632.1% during the third quarter. Generali Asset Management SPA SGR now owns 5,242 shares of the company’s stock valued at $590,000 after purchasing an additional 4,526 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Robinhood Markets by 10.7% during the third quarter. Asset Management One Co. Ltd. now owns 352,312 shares of the company’s stock worth $39,635,000 after purchasing an additional 34,103 shares during the last quarter. Angeles Wealth Management LLC grew its holdings in shares of Robinhood Markets by 1.9% during the third quarter. Angeles Wealth Management LLC now owns 13,885 shares of the company’s stock worth $1,562,000 after purchasing an additional 265 shares during the last quarter. Ashton Thomas Securities LLC grew its holdings in shares of Robinhood Markets by 13.9% during the third quarter. Ashton Thomas Securities LLC now owns 2,407 shares of the company’s stock worth $271,000 after purchasing an additional 294 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of Robinhood Markets by 9.3% in the third quarter. Park Avenue Securities LLC now owns 177,779 shares of the company’s stock valued at $20,000,000 after buying an additional 15,132 shares during the period. Institutional investors 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 reported record third-quarter revenue of approximately $1.42 billion, up 12% year over year. Adjusted EPS of $0.60 exceeded the $0.56 consensus estimate, while robust options and equities activity helped offset weaker crypto trading. Robinhood quarterly revenue rises 12% as event contracts, options offset crypto slump
• Positive Sentiment: Platform assets increased 19% to $396 billion, net deposits reached $16 billion and Robinhood Gold subscribers climbed to a record 5.2 million. The company also said it now has 14 business lines generating at least $100 million in annualized revenue, supporting its strategy of diversifying beyond crypto. Robinhood Reports Third Quarter 2026 Results
• Positive Sentiment: Prediction markets and event contracts showed significant momentum, with event-contract volume reaching 16.4 billion and related revenue helping counter crypto weakness. A new partnership with Ripple to expand RLUSD stablecoin usage could also strengthen Robinhood’s institutional infrastructure and financial-services offerings. Ripple strikes deal with Robinhood to expand its digital dollar
• Neutral Sentiment: The earnings picture was mixed: adjusted EPS beat estimates, but diluted GAAP EPS fell 16% year over year to $0.51. Revenue of $1.424 billion was also slightly below some analyst estimates, making the market’s reaction dependent on how investors weigh product diversification against profitability pressure. Robinhood Markets Q3 Earnings Surpass Estimates
• Negative Sentiment: Crypto revenue declined roughly 55% from a year earlier to $120 million, while rising costs contributed to lower reported profit. The combination of softer crypto activity, a modest revenue miss and a premium valuation likely explains why investors sold the stock despite record revenue and strong deposits. Robinhood Posts Profit Miss on Rising Costs, Crypto Slump

Robinhood Markets Trading Up 1.9%

Shares of HOOD opened at $94.56 on Wednesday. The stock’s 50-day moving average price is $108.78 and its two-hundred day moving average price is $93.44. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $150.47. The company has a market capitalization of $85.02 billion, a PE ratio of 41.66 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate 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. During the same period in the previous year, the company posted $0.61 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. Equities research analysts predict that Robinhood Markets, Inc. will post 2.19 EPS for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, Director Baiju Bhatt sold 50,912 shares of the stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $101.40, for a total transaction of $5,162,476.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 24,416 shares of the firm’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 transaction, the insider owned 77,839 shares of the company’s stock, valued at approximately $9,366,366.87. The trade was a 23.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,091,347 shares of company stock valued at $128,447,880 over the last 90 days. 13.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HOOD has been the subject of a number of research reports. China Renaissance assumed coverage on shares of Robinhood Markets in a report on Tuesday, July 7th. They issued a “buy” rating and a $156.80 price objective for the company. Citigroup reiterated a “market outperform” rating on shares of Robinhood Markets in a research report on Friday, October 9th. Bank of America boosted their target price on shares of Robinhood Markets from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, October 5th. Loop Capital set a $135.00 price target on shares of Robinhood Markets in a research report on Tuesday, September 29th. Finally, Benchmark upgraded shares of Robinhood Markets to a “strong-buy” rating in a research report on Wednesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.29.

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.