Legal & General Group Plc Raises Stock Holdings in Robinhood Markets, Inc. $HOOD

Legal & General Group Plc grew its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 16.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,994,314 shares of the company’s stock after buying an additional 566,554 shares during the quarter. Legal & General Group Plc owned 0.45% of Robinhood Markets worth $571,906,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HOOD. Valley National Advisers Inc. lifted its position in shares of Robinhood Markets by 113.6% during the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Robinhood Markets by 107.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after acquiring an additional 99 shares in the last quarter. Smithfield Trust Co acquired a new stake in shares of Robinhood Markets in the second quarter valued at approximately $29,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Robinhood Markets during the third quarter worth $29,000. Finally, Vision Financial Markets LLC lifted its stake in Robinhood Markets by 100.0% during the third quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Stock Down 1.0%

Shares of HOOD opened at $78.53 on Wednesday. The firm has a market cap of $70.70 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 1.64 and a beta of 2.47. The business’s 50 day moving average is $93.59 and its two-hundred day moving average is $114.51. Robinhood Markets, Inc. has a 52-week low of $29.66 and a 52-week high of $153.86.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Robinhood Markets had a return on equity of 22.32% and a net margin of 42.10%.The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business posted $1.01 earnings per share. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. On average, equities analysts expect that Robinhood Markets, Inc. will post 1.35 earnings per share for the current fiscal year.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Big drop in short interest — Short interest fell 12.8% in February to ~30.13M shares (4.2% of float) with a days-to-cover of ~1.2, reducing the risk of a large short squeeze and removing a potential source of downside volatility.
• Positive Sentiment: Product and revenue momentum from prediction markets and new products — Coverage highlights that Robinhood’s “SuperApp” push and prediction-markets business are scaling (prediction markets annualizing roughly $435M and accounting for ~10% of FY25 revenue), and the company is rolling out new initiatives (Robinhood Ventures Fund I and a high-end Platinum card) that expand monetization beyond core trading. Robinhood Broadens Beyond Trading With Venture Fund And Platinum Card
• Positive Sentiment: High-profile endorsement and bullish commentary — Prominent media/talent (Jim Cramer) and coverage framing Robinhood as a multi-year growth story/supportive analyst commentary can help institutional and retail sentiment and buying interest. Jim Cramer on Robinhood: “The Question Is, Would You Buy It Now? And the Answer Is a Resounding Yes”
• Positive Sentiment: Crypto price strength may boost transaction and crypto revenue — A rally in Bitcoin and other cryptos tends to lift crypto trading volumes and engagement on Robinhood’s platform, which supports its crypto-derived revenue. Bitcoin Surges Past $70,000. Ethereum, XRP Rise as Cryptos Get a Trump Boost.
• Neutral Sentiment: Sector and analyst narratives — Several pieces discuss Robinhood as an AI/tech innovator or long-term growth name (Fool, Yahoo mentions). These are constructive for narrative but not immediate catalysts unless adoption/metrics follow. 2 AI Stocks Shaping the Future of Technology to Buy Now, According to Wall Street
• Neutral Sentiment: Third-party infrastructure developments (tokenization) — Nasdaq’s tokenization work with Kraken expands the digital-assets ecosystem; this is an industry tailwind but only indirectly relevant to Robinhood unless it moves into tokenized securities aggressively. Nasdaq teams up with Kraken to expand tokenization infrastructure
• Negative Sentiment: Technical and broader weakness — Despite record revenue and EPS beats, HOOD remains materially below its 50- and 200-day moving averages and is down significantly year-to-date, which keeps momentum-focused investors on the sidelines and can pressure the stock until it reclaims key moving averages.
• Negative Sentiment: Lower-than-average intraday volume — Today’s trading volume is below the stock’s average, which can amplify moves and signal less conviction behind any intraday rebounds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of Robinhood Markets in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Robinhood Markets in a report on Monday, December 22nd. Wolfe Research raised Robinhood Markets from a “peer perform” rating to an “outperform” rating and set a $125.00 price objective on the stock in a report on Monday, February 9th. KeyCorp lowered their price target 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. Finally, Truist Financial lowered their price target on Robinhood Markets from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Seventeen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Robinhood Markets has a consensus rating of “Moderate Buy” and a consensus target price of $121.73.

Insider Buying and Selling

In other news, insider Steven M. Quirk sold 52,540 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the completion of the transaction, the insider 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $121.58, for a total transaction of $1,215,800.00. Following the transaction, the insider owned 403,612 shares of the company’s stock, valued at $49,071,146.96. This represents a 2.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 475,132 shares of company stock valued at $55,127,149 in the last 90 days. Corporate insiders own 19.95% of the company’s stock.

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.