Robinhood Markets, Inc. $HOOD Shares Bought by WT Wealth Management

WT Wealth Management raised its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 38.1% during the first quarter, HoldingsChannel reports. The firm owned 21,130 shares of the company’s stock after purchasing an additional 5,832 shares during the quarter. WT Wealth Management’s holdings in Robinhood Markets were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC increased its position in shares of Robinhood Markets by 108.8% in the 1st quarter. Venturi Wealth Management LLC now owns 23,246 shares of the company’s stock valued at $1,611,000 after acquiring an additional 12,112 shares during the period. VCI Wealth Management LLC acquired a new stake in Robinhood Markets during the 1st quarter worth about $512,000. Trust Asset Management LLC purchased a new stake in Robinhood Markets during the 1st quarter valued at about $601,000. Louisiana State Employees Retirement System purchased a new stake in Robinhood Markets during the 1st quarter valued at about $2,793,000. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Robinhood Markets by 55.8% in the first quarter. Kestra Private Wealth Services LLC now owns 44,941 shares of the company’s stock valued at $3,114,000 after purchasing an additional 16,087 shares during the period. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

HOOD has been the subject of a number of research reports. Morgan Stanley decreased their target price on shares of Robinhood Markets from $147.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Truist Financial dropped their price target 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. Jefferies Financial Group cut their price objective on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Keefe, Bruyette & Woods dropped their target price on shares of Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, April 29th. Finally, BTIG Research assumed coverage on shares of Robinhood Markets in a research report on Friday. They issued a “buy” rating and a $125.00 target price for the company. Nineteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Robinhood Markets currently has an average rating of “Moderate Buy” and a consensus price target of $113.68.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $98.69 on Friday. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $153.86. The firm has a market cap of $88.87 billion, a PE ratio of 47.68, a price-to-earnings-growth ratio of 2.20 and a beta of 2.35. The company has a 50-day moving average of $85.85 and a two-hundred day moving average of $90.41.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm posted $0.37 earnings per share. Robinhood Markets’s revenue was up 15.1% on a year-over-year basis. Sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.81 EPS for the current fiscal year.

Robinhood Markets News Summary

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

• Positive Sentiment: BTIG initiated coverage on Robinhood with a Buy rating and a $125 price target, saying the company has a long runway for asset growth, customer engagement, and product expansion. The new bullish call is likely helping sentiment. Article Title
• Positive Sentiment: Robinhood closed its $2.2 billion offering of 0.00% convertible senior notes due 2029, giving it more financial flexibility. Management also said capped calls and a share repurchase mean the deal should limit dilution unless the stock rises much further, which may reassure investors. Article Title
• Positive Sentiment: Robinhood is also promoting growth through customer perks, including World Cup ticket giveaways to boost its Gold subscriber base, suggesting continued efforts to deepen engagement and subscription revenue. Article Title
• Neutral Sentiment: Robinhood is attracting investor attention as a high-yield ETF idea and continues to appear in market roundups, but these items are more about trading interest than a direct business catalyst. Article Title
• Neutral Sentiment: A comparison piece on SCHW vs. HOOD frames Robinhood as a value debate rather than providing a new company-specific catalyst. Article Title
• Negative Sentiment: Robinhood previously fell after reports that Meta is developing a competing prediction-markets app, raising concerns about future competition in one of Robinhood’s newer growth areas. Article Title

Insider Transactions at Robinhood Markets

In other news, CFO Shiv Verma sold 3,984 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $98.84, for a total transaction of $393,778.56. Following the completion of the transaction, the chief financial officer directly owned 59,927 shares in the company, valued at $5,923,184.68. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 10,837 shares of Robinhood Markets stock in a transaction 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 completion of the sale, the insider directly owned 81,989 shares of the company’s stock, valued at $7,043,674.99. The trade was a 11.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have acquired 680,000 shares of company stock worth $55,306,560 and have sold 633,484 shares worth $47,542,923. Company insiders own 14.47% of the company’s stock.

Robinhood Markets Profile

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.