Robinhood Markets, Inc. $HOOD Shares Acquired by State Street Corp

Posted by Michael Walen on Jun 13th, 2026

State Street Corp lifted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) by 2.7% during the 4th quarter, Holdings Channel reports. The firm owned 33,121,452 shares of the company’s stock after buying an additional 875,297 shares during the period. State Street Corp’s holdings in Robinhood Markets were worth $3,746,036,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC lifted its position in shares of Robinhood Markets by 152.6% during the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after purchasing an additional 145 shares in the last quarter. CYBER HORNET ETFs LLC lifted its position in shares of Robinhood Markets by 527.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Robinhood Markets during the fourth quarter worth about $27,000. Swiss RE Ltd. acquired a new stake in shares of Robinhood Markets during the fourth quarter worth about $27,000. Finally, Godsey & Gibb Inc. acquired a new stake in shares of Robinhood Markets during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Stock Up 1.0%

Shares of Robinhood Markets stock opened at $93.19 on Friday. The firm has a market capitalization of $83.92 billion, a P/E ratio of 45.02, a P/E/G ratio of 2.31 and a beta of 2.35. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86. The firm’s 50 day moving average is $80.09 and its two-hundred day moving average is $92.18.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 earnings per share. As a group, research analysts expect that Robinhood Markets, Inc. will post 1.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on HOOD. Zacks Research upgraded shares of Robinhood Markets from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Jefferies Financial Group cut their target price on shares of Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Truist Financial cut their target price on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Argus cut their target price on shares of Robinhood Markets from $102.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $110.00 target price on shares of Robinhood Markets in a research note on Tuesday. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and an average price target of $110.73.

Check Out Our Latest Stock Analysis on Robinhood Markets

Robinhood Markets News Summary

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

Positive Sentiment: Robinhood’s securities arm received approval to underwrite IPOs, potentially expanding revenue opportunities and giving the company a bigger role in future public offerings. Robinhood Just Won Approval to Underwrite IPOs, Right Before SpaceX’s Blockbuster Market Debut. Here’s Why the Timing Matters.
Positive Sentiment: SpaceX’s IPO sparked “record-breaking” traffic on Robinhood’s platform, highlighting heavy retail engagement and the value of its IPO-access business. Robinhood sees ‘record-breaking’ traffic after SpaceX stock debuts
Positive Sentiment: Needham raised its price target on Robinhood to $97 and reiterated a buy rating, adding to bullish sentiment around the stock. Benzinga report on Needham price target raise
Neutral Sentiment: Robinhood saw unusual options activity, with traders buying a much larger-than-normal volume of call options, suggesting heightened speculation around the shares.
Neutral Sentiment: The stock also benefited from a broader lift in financial stocks and related retail brokerage names during Friday’s session. Sector Update: Financial Stocks Advance Late Afternoon
Negative Sentiment: Robinhood’s platform experienced trading issues amid the surge in SpaceX-related demand, which could raise concerns about reliability during peak activity. HOOD Stock: Robinhood Buckles Under SpaceX IPO Demand, Users Report Trading Issues
Negative Sentiment: ARK Invest reportedly sold shares of Robinhood, which may temper enthusiasm for some investors. HOOD Stock Gains Overnight: Cathie Wood’s ARK Sells Shares Even As Robinhood Stacks Up Fresh Catalysts

Insider Buying and Selling

In other Robinhood Markets news, insider Steven M. Quirk sold 10,837 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $85.91, for a total value of $931,006.67. Following the transaction, the insider directly owned 81,989 shares in the company, valued at $7,043,674.99. This represents a 11.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $69.83, for a total transaction of $26,186,250.00. Following the completion of the transaction, the chief executive officer owned 375,000 shares in the company, valued at $26,186,250. This represents a 50.00% 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. Over the last three months, insiders bought 680,000 shares of company stock valued at $55,306,560 and sold 571,602 shares valued at $41,959,746. Company insiders own 14.47% of the company’s stock.

Robinhood Markets Company Profile

(Free Report)

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.