Mirae Asset Global Investments Co. Ltd. Makes New Investment in Robinhood Markets, Inc. $HOOD

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 199,261 shares of the company’s stock, valued at approximately $22,417,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in Robinhood Markets by 10.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,812,999 shares of the company’s stock worth $472,141,000 after purchasing an additional 632,403 shares during the period. Amundi increased its stake in Robinhood Markets by 89.0% in the first quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after purchasing an additional 3,007,103 shares in the last quarter. Amova Asset Management Americas Inc. increased its stake in Robinhood Markets by 15.0% in the first quarter. Amova Asset Management Americas Inc. now owns 5,240,796 shares of the company’s stock valued at $362,925,000 after purchasing an additional 685,041 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Robinhood Markets by 48.6% during the first quarter. Renaissance Technologies LLC now owns 5,104,137 shares of the company’s stock valued at $353,717,000 after purchasing an additional 1,668,400 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Robinhood Markets during the second quarter valued at about $379,695,000. 93.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HOOD has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Robinhood Markets from a “hold” rating to a “strong sell” rating in a research report on Sunday. Truist Financial reduced their target price on Robinhood Markets from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Friday. Keefe, Bruyette & Woods boosted their target price on Robinhood Markets from $100.00 to $115.00 and gave the company a “market perform” rating in a research report on Tuesday, September 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price target on shares of Robinhood Markets in a research note on Wednesday, October 28th. Finally, Bank of America upped their price target on Robinhood Markets from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.45.

Insider Activity

In related news, CFO Shiv Verma sold 11,472 shares of the company’s stock in a transaction dated 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 in the company, valued at $6,278,260.36. This represents a 16.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 dated Thursday, September 3rd. The shares were sold at an average price of $120.33, for a total transaction of $2,937,977.28. Following the completion of the transaction, the insider directly owned 77,839 shares in the company, valued at approximately $9,366,366.87. The trade was a 23.88% decrease in their position. 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 three months, insiders sold 1,081,347 shares of company stock valued at $127,543,680. 13.48% of the stock is currently owned by insiders.

Robinhood Markets News Roundup

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

• Positive Sentiment: Cantor Fitzgerald remains bullish. The firm maintained an “overweight” rating while lowering its price target from $150 to $120, still implying substantial upside from recent levels. Cantor Fitzgerald Robinhood rating
• Positive Sentiment: Robinhood’s business is becoming more diversified and profitable. Expansion into institutional services and digital banking, along with strong trading activity and growing financial-services demand, supports the longer-term growth narrative. Robinhood Markets versus Interactive Brokers
• Positive Sentiment: Analyst sentiment remains generally favorable. Wall Street coverage continues to frame HOOD as a potential buy, which may provide support after its post-earnings pullback. Wall Street analysts on Robinhood
• Neutral Sentiment: Comparisons with Interactive Brokers and Nu highlight Robinhood’s growth potential, but also emphasize that competitors have significant advantages, including global scale, professional customers, and large existing user bases. Robinhood Markets versus Nu
• Negative Sentiment: Growth has moderated. Robinhood’s revenue growth was approximately 12% last quarter; although earnings exceeded estimates, revenue came in slightly below expectations, reinforcing concerns that the company’s rapid expansion may be slowing. Robinhood post-earnings dip
• Negative Sentiment: Cryptocurrency weakness remains a key overhang. Crypto-related revenue has historically contributed heavily to Robinhood’s growth, and continued trading weakness is pressuring near-term results, even though stabilization is expected next year. Robinhood stock latest dip
• Negative Sentiment: Wall Street Zen lowered its rating on Robinhood, adding to the cautious tone surrounding the stock. Robinhood rating lowered by Wall Street Zen

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $83.84 on Tuesday. The company has a market cap of $75.38 billion, a P/E ratio of 38.64, a PEG ratio of 1.82 and a beta of 2.35. The company has a fifty day simple moving average of $108.00 and a 200 day simple moving average of $92.86. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $149.41.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. Robinhood Markets had a net margin of 39.04% and a return on equity of 21.49%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. Sell-side analysts predict that Robinhood Markets, Inc. will post 2.18 earnings per share for the current fiscal year.

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.