Robinhood Markets, Inc. $HOOD Holdings Lifted by Legal & General Group Plc

Legal & General Group Plc grew its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 16.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,994,314 shares of the company’s stock after buying an additional 566,554 shares during the period. Legal & General Group Plc’s holdings in Robinhood Markets were worth $571,906,000 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. Empowered Funds LLC increased its position in Robinhood Markets by 46.7% in the 1st quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after acquiring an additional 15,885 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Robinhood Markets in the second quarter worth $37,000. Metis Global Partners LLC increased its holdings in shares of Robinhood Markets by 35.4% during the second quarter. Metis Global Partners LLC now owns 14,679 shares of the company’s stock valued at $1,374,000 after purchasing an additional 3,841 shares during the period. Prospera Financial Services Inc acquired a new position in shares of Robinhood Markets during the second quarter valued at $510,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Robinhood Markets during the second quarter valued at about $338,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Stock Down 1.0%

NASDAQ HOOD opened at $78.53 on Wednesday. Robinhood Markets, Inc. has a twelve month low of $29.66 and a twelve month high of $153.86. The company’s 50-day simple moving average is $93.59 and its 200 day simple moving average is $114.51. The stock has a market cap of $70.70 billion, a P/E ratio of 38.12, a PEG ratio of 1.64 and a beta of 2.47.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $1.01 EPS. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. Research analysts anticipate that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Big drop in short interest — Short interest fell 12.8% in February to ~30.13M shares (4.2% of float) with a days-to-cover of ~1.2, reducing the risk of a large short squeeze and removing a potential source of downside volatility.
• Positive Sentiment: Product and revenue momentum from prediction markets and new products — Coverage highlights that Robinhood’s “SuperApp” push and prediction-markets business are scaling (prediction markets annualizing roughly $435M and accounting for ~10% of FY25 revenue), and the company is rolling out new initiatives (Robinhood Ventures Fund I and a high-end Platinum card) that expand monetization beyond core trading. Robinhood Broadens Beyond Trading With Venture Fund And Platinum Card
• Positive Sentiment: High-profile endorsement and bullish commentary — Prominent media/talent (Jim Cramer) and coverage framing Robinhood as a multi-year growth story/supportive analyst commentary can help institutional and retail sentiment and buying interest. Jim Cramer on Robinhood: “The Question Is, Would You Buy It Now? And the Answer Is a Resounding Yes”
• Positive Sentiment: Crypto price strength may boost transaction and crypto revenue — A rally in Bitcoin and other cryptos tends to lift crypto trading volumes and engagement on Robinhood’s platform, which supports its crypto-derived revenue. Bitcoin Surges Past $70,000. Ethereum, XRP Rise as Cryptos Get a Trump Boost.
• Neutral Sentiment: Sector and analyst narratives — Several pieces discuss Robinhood as an AI/tech innovator or long-term growth name (Fool, Yahoo mentions). These are constructive for narrative but not immediate catalysts unless adoption/metrics follow. 2 AI Stocks Shaping the Future of Technology to Buy Now, According to Wall Street
• Neutral Sentiment: Third-party infrastructure developments (tokenization) — Nasdaq’s tokenization work with Kraken expands the digital-assets ecosystem; this is an industry tailwind but only indirectly relevant to Robinhood unless it moves into tokenized securities aggressively. Nasdaq teams up with Kraken to expand tokenization infrastructure
• Negative Sentiment: Technical and broader weakness — Despite record revenue and EPS beats, HOOD remains materially below its 50- and 200-day moving averages and is down significantly year-to-date, which keeps momentum-focused investors on the sidelines and can pressure the stock until it reclaims key moving averages.
• Negative Sentiment: Lower-than-average intraday volume — Today’s trading volume is below the stock’s average, which can amplify moves and signal less conviction behind any intraday rebounds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Loop Capital set a $130.00 target price on shares of Robinhood Markets in a research report on Monday, February 9th. Compass Point reaffirmed a “buy” rating on shares of Robinhood Markets in a report on Wednesday, February 11th. Wall Street Zen lowered shares of Robinhood Markets from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. New Street Research set a $122.00 target price on Robinhood Markets in a research report on Thursday, March 5th. Finally, Barclays dropped their price objective on shares of Robinhood Markets from $159.00 to $124.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Seventeen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.73.

Insider Buying and Selling at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $121.63, for a total value of $45,611,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven M. Quirk sold 52,540 shares of Robinhood Markets stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total value of $4,613,537.40. Following the transaction, the insider owned 27,564 shares in the company, valued at $2,420,394.84. This trade represents a 65.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 475,132 shares of company stock valued at $55,127,149. 19.95% of the stock is currently owned by corporate insiders.

About Robinhood Markets

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.