Waverly Advisors LLC Buys 11,722 Shares of Robinhood Markets, Inc. $HOOD

Waverly Advisors LLC lifted its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 54.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,254 shares of the company’s stock after buying an additional 11,722 shares during the period. Waverly Advisors LLC’s holdings in Robinhood Markets were worth $2,305,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HOOD. Vanguard Group Inc. raised its position in Robinhood Markets by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock valued at $10,831,756,000 after buying an additional 1,334,443 shares during the last quarter. State Street Corp boosted its holdings in Robinhood Markets by 2.7% during the 4th quarter. State Street Corp now owns 33,121,452 shares of the company’s stock worth $3,746,036,000 after acquiring an additional 875,297 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Robinhood Markets by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock worth $2,386,944,000 after acquiring an additional 356,902 shares in the last quarter. Morgan Stanley grew its stake in shares of Robinhood Markets by 23.9% in the 4th quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock worth $1,208,335,000 after acquiring an additional 2,061,832 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Robinhood Markets in the fourth quarter valued at about $1,202,160,000. Institutional investors own 93.27% of the company’s stock.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood reported record second-quarter revenue of $1.31 billion, up 32% year over year, while diluted EPS of $0.62 exceeded the $0.44 analyst consensus. Net deposits reached a record $22 billion and Robinhood Gold subscribers climbed to 4.8 million. Robinhood quarterly profit rises on strong trading activity
• Positive Sentiment: Event contracts and prediction markets produced $156 million of revenue, overtaking cryptocurrency revenue of $100 million and becoming Robinhood’s second-largest trading business. CEO Vlad Tenev called event markets the company’s fastest-growing unit. Robinhood beats estimates as prediction markets overtake crypto
• Positive Sentiment: Robinhood added nearly 1 million funded customers during the quarter, its largest quarterly increase in almost five years. Executives attributed part of the growth to anticipated demand surrounding SpaceX’s potential initial public offering. SpaceX IPO helped Robinhood add nearly 1 million customers
• Neutral Sentiment: Several analysts maintained bullish ratings, including Citizens JMP at $155 and BTIG at $125, but Goldman Sachs, Needham and Barclays lowered their price targets. Barclays cited a meaningful slowdown in new accounts during July, highlighting concerns about momentum after the strong quarter. Robinhood analysts cut their forecasts after Q2 results
• Negative Sentiment: Cryptocurrency revenue declined 38% year over year to $100 million as crypto trading activity slowed. Investors also questioned how much of the earnings beat reflected a one-time accounting benefit rather than recurring operating performance. Robinhood delivers record Q2 revenue, but crypto slowdown weighs on shares
• Negative Sentiment: Despite the earnings beat, the stock’s elevated valuation leaves little room for disappointing growth. Technical analysts are watching support near $86.21, with a break below that level potentially signaling further weakness. Robinhood price forecast: key support faces a critical test

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $116.17, for a total transaction of $43,563,750.00. Following the completion of the transaction, the chief executive officer directly owned 375,000 shares of the company’s stock, valued at approximately $43,563,750. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, Director Oluwadara Johnson Treseder sold 3,750 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $117.50, for a total value of $440,625.00. Following the completion of the sale, the director directly owned 72,442 shares of the company’s stock, valued at $8,511,935. This represents a 4.92% 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 purchased 680,000 shares of company stock worth $55,306,560 and have sold 631,263 shares worth $66,793,857. Company insiders own 13.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Robinhood Markets from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. Piper Sandler reaffirmed an “overweight” rating on shares of Robinhood Markets in a research report on Thursday, July 2nd. Zacks Research upgraded shares of Robinhood Markets from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Barclays dropped their target price on shares of Robinhood Markets from $122.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Truist Financial cut their target price on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.30.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $86.60 on Friday. Robinhood Markets, Inc. has a 52-week low of $63.51 and a 52-week high of $153.86. The company has a 50-day simple moving average of $97.76 and a 200 day simple moving average of $87.64. The company has a market capitalization of $77.98 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 1.83 and a beta of 2.33.

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 22.68%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 32.5% on a year-over-year basis. As a group, analysts forecast that Robinhood Markets, Inc. will post 1.94 EPS for the current fiscal year.

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.