Wealth Enhancement Advisory Services LLC Acquires 76,075 Shares of Robinhood Markets, Inc. $HOOD

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 26.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 365,551 shares of the company’s stock after buying an additional 76,075 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Robinhood Markets were worth $44,477,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Robinhood Markets by 24.9% in the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after acquiring an additional 18,824,923 shares during the period. State Street Corp lifted its stake in shares of Robinhood Markets by 103.2% during the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after purchasing an additional 16,375,734 shares during the last quarter. Norges Bank purchased a new stake in shares of Robinhood Markets during the 2nd quarter worth $973,122,000. Paradigm Operations LP bought a new stake in Robinhood Markets during the second quarter valued at about $308,979,000. Finally, Jennison Associates LLC bought a new stake in Robinhood Markets during the third quarter valued at about $322,823,000. Institutional investors own 93.27% of the company’s stock.

Robinhood Markets Price Performance

NASDAQ HOOD opened at $72.49 on Tuesday. The company has a market cap of $65.26 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 1.60 and a beta of 2.47. The stock’s fifty day moving average price is $86.03 and its 200 day moving average price is $112.66. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The firm’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS. Research analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Robinhood Markets News Summary

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?

Insider Transactions at Robinhood Markets

In related news, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $121.63, for a total value of $45,611,250.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Steven M. Quirk sold 52,540 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total value of $4,613,537.40. Following the completion of the sale, the insider owned 27,564 shares in the company, valued at approximately $2,420,394.84. This represents a 65.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 469,268 shares of company stock worth $54,409,454. 19.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HOOD shares. Needham & Company LLC reduced 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. Barclays lowered their price target on shares of Robinhood Markets from $159.00 to $124.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $180.00 price objective on shares of Robinhood Markets in a research report on Wednesday, February 11th. Bank of America reduced their price objective on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Finally, Cantor Fitzgerald decreased their target price on shares of Robinhood Markets from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.59.

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.