Robinhood Markets, Inc. $HOOD Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 33.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,783 shares of the company’s stock after selling 9,029 shares during the period. Sterling Capital Management LLC’s holdings in Robinhood Markets were worth $2,001,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HOOD. WASHINGTON TRUST Co bought a new position in Robinhood Markets in the third quarter worth about $203,000. XXI Wealth LLC boosted its stake in Robinhood Markets by 80.9% in the third quarter. XXI Wealth LLC now owns 5,640 shares of the company’s stock valued at $634,000 after acquiring an additional 2,523 shares during the period. BIP Wealth LLC bought a new position in shares of Robinhood Markets during the third quarter valued at approximately $202,000. Lake Street Private Wealth LLC grew its holdings in shares of Robinhood Markets by 0.3% during the third quarter. Lake Street Private Wealth LLC now owns 43,899 shares of the company’s stock valued at $4,939,000 after purchasing an additional 114 shares during the last quarter. Finally, Brookstone Capital Management raised its position in shares of Robinhood Markets by 2.5% during the 3rd quarter. Brookstone Capital Management now owns 5,230 shares of the company’s stock worth $588,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

Robinhood Markets Price Performance

Shares of HOOD opened at $95.07 on Monday. The business’s 50-day moving average is $109.40 and its 200-day moving average is $97.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $85.48 billion, a price-to-earnings ratio of 41.88, a P/E/G ratio of 1.89 and a beta of 2.35. Robinhood Markets, Inc. has a fifty-two week low of $63.51 and a fifty-two week high of $150.47.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.18. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 EPS. Equities research analysts expect that Robinhood Markets, Inc. will post 2.19 EPS for the current fiscal year.

Insider Buying and Selling

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $113.72, for a total value of $42,645,000.00. Following the completion of the sale, the chief executive officer directly owned 375,000 shares in the company, valued at $42,645,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 50,912 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $101.40, for a total transaction of $5,162,476.80. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,091,347 shares of company stock worth $128,447,880. Insiders own 13.48% of the company’s stock.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Analyst support: Rosenblatt Securities initiated coverage with a Buy rating and a $135 price target, while other analysts have raised price targets or upgraded the shares. The bullish views reflect confidence in Robinhood’s growth prospects and diversified business model. Rosenblatt initiates coverage
• Positive Sentiment: Dubai expansion: Robinhood received authorization to offer stock and cryptocurrency trading in Dubai and plans a Middle Eastern launch in 2027. The move could expand its addressable market and add a new international growth channel. Robinhood Dubai license
• Positive Sentiment: Broader product ecosystem: Robinhood is expanding beyond traditional brokerage through prediction markets, cryptocurrency perpetual futures, tokenized assets and its advisor-services platform. Reported increases in bitcoin, gold and other prediction-market activity could support transaction revenue and customer engagement. Robinhood prediction markets
• Positive Sentiment: Robinhood stock tokens becoming eligible as collateral on Morpho could improve the utility of tokenized securities and strengthen the company’s blockchain strategy. Robinhood stock tokens on Morpho
• Neutral Sentiment: Investors are focused on Robinhood’s third-quarter results, scheduled for October 27. Forecasts emphasize trading activity, net deposits, recurring revenue and crypto volumes as key indicators of whether the company’s multiproduct strategy is translating into sustained earnings growth. Robinhood earnings preview
• Negative Sentiment: Crypto-revenue risk: Robinhood’s crypto revenue reportedly fell 38% year over year to $100 million in the second quarter, marking a third consecutive quarterly decline. A potential rebound in late-quarter activity may not fully offset the weakness. Robinhood crypto revenue
• Negative Sentiment: Director Baiju Bhatt sold 50,912 shares worth approximately $5.16 million under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance, it is not necessarily a signal of deteriorating fundamentals, but it can weigh on sentiment.

Analysts Set New Price Targets

HOOD has been the subject of a number of analyst reports. Cantor Fitzgerald restated an “overweight” rating on shares of Robinhood Markets in a research report on Tuesday, September 15th. Morgan Stanley raised their target price on Robinhood Markets from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, October 9th. JPMorgan Chase & Co. boosted their price target on shares of Robinhood Markets from $103.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, October 20th. Scotiabank assumed coverage on shares of Robinhood Markets in a research report on Wednesday, September 2nd. They set a “sector outperform” rating and a $136.00 price target for the company. Finally, Loop Capital set a $135.00 price objective on shares of Robinhood Markets in a report on Tuesday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.29.

About Robinhood Markets

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.