Wealth Enhancement Advisory Services LLC raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) by 26.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 365,551 shares of the company’s stock after purchasing an additional 76,075 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Robinhood Markets were worth $44,477,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HOOD. Vanguard Group Inc. raised its stake in shares of Robinhood Markets by 24.9% during the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after buying an additional 18,824,923 shares during the last quarter. State Street Corp boosted its stake in shares of Robinhood Markets by 103.2% in the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after buying an additional 16,375,734 shares during the last quarter. Norges Bank acquired a new stake in Robinhood Markets during the second quarter worth about $973,122,000. Paradigm Operations LP acquired a new stake in Robinhood Markets during the second quarter worth about $308,979,000. Finally, Jennison Associates LLC purchased a new position in Robinhood Markets during the third quarter valued at approximately $322,823,000. 93.27% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven M. Quirk sold 52,540 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the completion of the sale, the insider directly owned 27,564 shares of the company’s stock, valued at approximately $2,420,394.84. The trade was a 65.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 469,268 shares of company stock worth $54,409,454. Corporate insiders own 19.95% of the company’s stock.
Robinhood Markets Trading Up 2.3%
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.Robinhood Markets’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period last year, the company earned $1.01 earnings per share. Equities analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.
Key Robinhood Markets News
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Mizuho/analyst support and improving fundamentals — Mizuho reiterated an Outperform on HOOD (though it trimmed the price target), and coverage notes improving financials and product expansion that could support longer-term upside. Robinhood Markets, Inc. (HOOD) Bolsters Fintech Portfolio as Financials Improve
- Positive Sentiment: Strategic pivot into banking and cards — management is leaning into banking products after crypto revenue collapsed; this diversifies revenue (potentially boosting net interest income) and signals a multi-year strategy to stabilize growth. Robinhood Lost 40% YTD Then Decided to Play Banker
- Neutral Sentiment: Industry/market developments — founders of Kalshi and Polymarket backing a new prediction-market VC fund could speed innovation in the category, but it’s an ecosystem play with indirect near-term impact on Robinhood. Kalshi, Polymarket Founders Back New Prediction Market VC Fund
- Neutral Sentiment: Company-owned media/coverage — pieces from Sherwood News and other outlets are raising profile and traffic but are unlikely to move fundamentals by themselves. Robinhood’s Sherwood News Asks Why Musk Hasn’t Merged Tesla And SpaceX: Prediction Markets Give The Answer
- Negative Sentiment: Regulatory risk to prediction markets — media reports that the Senate is moving to restrict prediction-market expansion create a direct legal/regulatory risk to parts of Robinhood’s product roadmap (and could limit growth opportunities). Coinbase, Robinhood, Kraken prediction market expansion under threat after Senate reportedly moves to restrict sector
- Negative Sentiment: Heavy negative sentiment and valuation pressure — multiple outlets are highlighting large YTD/longer-term share declines and asking if the market has overreacted, which fuels momentum selling and keeps volatility elevated. Robinhood (HOOD) Stock Plummets Over 50% — Has the Market Overreacted?
Wall Street Analyst Weigh In
HOOD has been the subject of a number of analyst reports. Mizuho decreased their price target on Robinhood Markets from $135.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, March 13th. KeyCorp dropped their price objective on shares of Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, February 9th. Needham & Company LLC cut their target price on shares of Robinhood Markets from $135.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Loop Capital set a $130.00 target price on shares of Robinhood Markets in a research note on Monday, February 9th. Finally, Wolfe Research raised shares of Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price target on the stock in a report on Monday, February 9th. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Robinhood Markets presently has a consensus rating of “Moderate Buy” and an average price target of $120.59.
Check Out Our Latest Analysis on Robinhood Markets
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.
See Also
Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report).
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