Prime Capital Investment Advisors LLC Sells 8,055 Shares of Robinhood Markets, Inc. $HOOD

Prime Capital Investment Advisors LLC reduced its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 5.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 144,253 shares of the company’s stock after selling 8,055 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Robinhood Markets were worth $16,228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in Robinhood Markets in the second quarter valued at $379,695,000. Amundi lifted its holdings in Robinhood Markets by 89.0% during the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock worth $442,497,000 after buying an additional 3,007,103 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Robinhood Markets by 48.6% during the 1st quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock worth $353,717,000 after acquiring an additional 1,668,400 shares in the last quarter. Hound Partners LLC acquired a new position in shares of Robinhood Markets during the 1st quarter worth about $73,150,000. Finally, Amova Asset Management Americas Inc. increased its holdings in shares of Robinhood Markets by 15.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock valued at $362,925,000 after acquiring an additional 685,041 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $113.72, for a total transaction of $42,645,000.00. Following the completion of the sale, the chief executive officer owned 375,000 shares in the company, valued at $42,645,000. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 24,416 shares of the firm’s stock in a transaction 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 directly owned 77,839 shares in the company, valued at $9,366,366.87. The trade was a 23.88% 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. Over the last ninety days, insiders sold 1,089,658 shares of company stock worth $127,966,018. Corporate insiders own 13.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HOOD. Zacks Research raised Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Citizens Jmp upped their price target on Robinhood Markets from $155.00 to $165.00 and gave the company a “market outperform” rating in a report on Friday, September 11th. CICC Research increased their price target on shares of Robinhood Markets from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Robinhood Markets from $138.00 to $134.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Finally, Bank of America increased their target price on shares of Robinhood Markets from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.05.

More Robinhood Markets News

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

• Positive Sentiment: Potential earnings beat: Zacks reports that Robinhood has favorable earnings-revision and estimate-trend factors ahead of its upcoming results. The setup reinforces optimism following the company’s latest quarter, when revenue rose 32.5% year over year to $1.31 billion and EPS exceeded expectations. Robinhood Expected to Beat Earnings Estimates
• Positive Sentiment: Higher JPMorgan target: JPMorgan raised its price target for HOOD from $103 to $115, implying meaningful upside from recent trading levels. The firm nevertheless kept a “neutral” rating, signaling that valuation and execution risks remain balanced against the growth opportunity. JPMorgan Raises Robinhood Price Target
• Positive Sentiment: Growing product ecosystem: Robinhood has introduced more than 15 products, including AI trading agents, weekend stock trading and contracts linked to company metrics. The initiatives could diversify revenue and help explain why the company is increasingly viewed as a broader financial platform rather than only a trading app. Robinhood Has 13 $100M Businesses
• Neutral Sentiment: Prediction-market momentum: Commentary highlights roughly 10-fold growth in Robinhood’s prediction-market activity, adding to the company’s expansion narrative. The opportunity is attractive, but investors are questioning whether trading-related revenue can reliably fund the company’s many new businesses. Robinhood Prediction Market Growth
• Negative Sentiment: Valuation and growth concerns: Robinhood’s strong revenue growth and deposits have pushed its valuation well above the broader market, making the stock dependent on continued rapid expansion. Analysts warn that a slowdown could pressure the shares, which remain below their recent high. What Happens If Robinhood Growth Stalls
• Negative Sentiment: Recent weakness and regulatory risk: HOOD recently declined even as the broader market advanced, while legal challenges involving prediction-market operators highlight potential regulatory uncertainty for this growth area. Prediction Markets Face Missouri Enforcement Challenge

Robinhood Markets Stock Performance

HOOD traded up $2.10 during trading on Tuesday, hitting $98.62. 9,414,234 shares of the stock were exchanged, compared to its average volume of 26,749,066. The firm has a market capitalization of $88.66 billion, a P/E ratio of 43.48, a PEG ratio of 1.93 and a beta of 2.35. Robinhood Markets, Inc. has a 1-year low of $63.51 and a 1-year high of $150.47. The stock has a fifty day moving average price of $109.25 and a two-hundred day moving average price of $96.60. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data 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. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 earnings per share. As a group, sell-side analysts predict that Robinhood Markets, Inc. will post 2.15 earnings per share for the current year.

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.