Robinhood Markets, Inc. $HOOD Shares Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 63.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,296 shares of the company’s stock after acquiring an additional 6,346 shares during the period. Simplicity Wealth LLC’s holdings in Robinhood Markets were worth $1,833,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HOOD. James T. Borello RIA acquired a new stake in shares of Robinhood Markets in the 3rd quarter valued at approximately $29,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Robinhood Markets during the 2nd quarter valued at approximately $27,000. Continuum Advisory LLC acquired a new position in Robinhood Markets during the 2nd quarter worth approximately $40,000. Cassaday & Co Wealth Management LLC acquired a new position in Robinhood Markets during the 1st quarter worth approximately $33,000. Finally, Glen Eagle Advisors LLC increased its position in Robinhood Markets by 100.7% during the 1st quarter. Glen Eagle Advisors LLC now owns 568 shares of the company’s stock worth $39,000 after purchasing an additional 285 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

HOOD has been the subject of several research reports. Benchmark raised shares of Robinhood Markets to a “strong-buy” rating in a research note on Wednesday, September 9th. Raymond James Financial reaffirmed a “market perform” rating on shares of Robinhood Markets in a research note on Monday, October 5th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Robinhood Markets in a research note on Tuesday, September 15th. Bank of America upped their price target on shares of Robinhood Markets from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, October 5th. Finally, Zacks Research upgraded Robinhood Markets from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Robinhood Markets presently has an average rating of “Moderate Buy” and a consensus price target of $130.29.

Insider Activity

In related news, CFO Shiv Verma sold 11,472 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total value of $1,266,738.24. Following the sale, the chief financial officer owned 56,858 shares of the company’s stock, valued at $6,278,260.36. The trade was a 16.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through 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 stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $120.33, for a total value of $2,937,977.28. Following the completion of the sale, the insider owned 77,839 shares of the company’s stock, valued at $9,366,366.87. The trade was a 23.88% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 1,091,347 shares of company stock valued at $128,447,880. 13.48% of the stock is currently owned by company insiders.

Key Robinhood Markets News

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

• Positive Sentiment: Analysts see significant long-term potential in Robinhood’s expansion beyond traditional brokerage services. Bernstein projects the company’s prediction-markets business could generate approximately $1.7 billion in annual revenue by 2028, potentially surpassing crypto revenue. Bernstein Sees Robinhood Prediction Markets Reaching $1.7 Billion in Revenue by 2028, Topping Crypto
• Positive Sentiment: Robinhood now has 13 business lines generating at least $100 million in annualized revenue, highlighting product diversification and continued growth beyond stock trading. Investors will look for evidence that these newer businesses can produce sustainable margins. Robinhood Is Building 13 Businesses at Once
• Positive Sentiment: Rosenblatt recently initiated coverage with a Buy rating and a $135 price target, calling Robinhood a “generational growth story,” offering a bullish counterpoint to the recent pullback. Robinhood Gains as Rosenblatt Initiates at Buy

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $92.84 on Tuesday. The business has a 50 day moving average of $108.81 and a 200-day moving average of $93.55. The company has a market capitalization of $83.47 billion, a P/E ratio of 40.90, a P/E/G ratio of 1.89 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 company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.22.

Robinhood Markets (NASDAQ:HOOD) last posted its earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.44 by $0.18. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $0.42 EPS. The firm’s revenue was up 32.5% compared to the same quarter last year. On average, equities research analysts predict that Robinhood Markets, Inc. will post 2.19 earnings per share for the current year.

Robinhood Markets 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.