Franklin Resources Inc. Purchases 434,524 Shares of Robinhood Markets, Inc. $HOOD

Franklin Resources Inc. lifted its position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 18.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,754,896 shares of the company’s stock after purchasing an additional 434,524 shares during the quarter. Franklin Resources Inc.’s holdings in Robinhood Markets were worth $311,579,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HOOD. Vanguard Group Inc. boosted its position in shares of Robinhood Markets by 24.9% during the third quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company’s stock valued at $13,521,497,000 after purchasing an additional 18,824,923 shares in the last quarter. State Street Corp boosted its position in shares of Robinhood Markets by 103.2% during the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after purchasing an additional 16,375,734 shares in the last quarter. Norges Bank bought a new stake in shares of Robinhood Markets during the fourth quarter valued at approximately $1,202,160,000. Jennison Associates LLC boosted its position in shares of Robinhood Markets by 95.7% during the fourth quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock valued at $499,001,000 after purchasing an additional 2,157,372 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Robinhood Markets by 48.5% during the third quarter. Northern Trust Corp now owns 6,157,337 shares of the company’s stock valued at $881,608,000 after purchasing an additional 2,011,820 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HOOD shares. Citigroup restated a “market outperform” rating on shares of Robinhood Markets in a research report on Thursday, May 28th. Jefferies Financial Group dropped their price target on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Truist Financial dropped their price target on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Keefe, Bruyette & Woods dropped their price target on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 29th. Finally, Wall Street Zen downgraded Robinhood Markets from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Eighteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.18.

Robinhood Markets Trading Down 1.5%

Robinhood Markets stock opened at $83.77 on Wednesday. The business’s fifty day simple moving average is $78.74 and its two-hundred day simple moving average is $92.42. Robinhood Markets, Inc. has a 12 month low of $63.51 and a 12 month high of $153.86. The company has a market capitalization of $75.44 billion, a price-to-earnings ratio of 40.47, a price-to-earnings-growth ratio of 2.53 and a beta of 2.35.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $0.37 earnings per share. The company’s revenue was up 15.1% compared to the same quarter last year. On average, equities research analysts predict that Robinhood Markets, Inc. will post 1.86 EPS for the current year.

Insiders Place Their Bets

In other news, insider Steven M. Quirk sold 10,837 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $85.91, for a total transaction of $931,006.67. Following the transaction, the insider directly owned 81,989 shares of the company’s stock, valued at $7,043,674.99. This represents a 11.67% 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 Daniel Martin Gallagher, Jr. sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $83.68, for a total value of $836,800.00. Following the transaction, the insider directly owned 481,396 shares in the company, valued at approximately $40,283,217.28. The trade was a 2.04% 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 ninety days, insiders purchased 680,000 shares of company stock valued at $55,306,560 and sold 571,602 shares valued at $41,959,746. 19.95% of the stock is owned by insiders.

More Robinhood Markets News

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

• Positive Sentiment: CEO Vlad Tenev said Robinhood Securities has been approved to serve as an underwriter, which could expand Robinhood’s role in IPOs and create a new growth avenue beyond its core brokerage business. Robinhood CEO Says His Company Gets Green Light to Underwrite IPOs
• Positive Sentiment: Analysts are raising their outlook on Robinhood as they see more value in the company’s prediction-markets business, suggesting Wall Street may be underestimating a fast-growing revenue stream. Cantor Raises Robinhood Target On Prediction-Markets Venture It Says Wall Street Hasn’t Priced In
• Positive Sentiment: Robinhood reported May 2026 operating data, keeping investors focused on monthly business momentum and usage trends. Robinhood Markets, Inc. Reports May 2026 Operating Data
• Positive Sentiment: Director Meyer Malka bought 250,000 shares in an insider purchase worth about $20.2 million, a sign of confidence from a major company insider. Insider Trade: Meyer Malka Purchases Shares
• Neutral Sentiment: Several articles discussed Robinhood as a trending or heavily watched stock, but they did not add new fundamental information that clearly changes the investment outlook. Is Trending Stock Robinhood Markets, Inc. (HOOD) a Buy Now?
• Negative Sentiment: Coverage also pointed to weakness in Robinhood’s crypto business and recent bearish commentary, which may be weighing on sentiment despite the new growth initiatives. Bear of the Day: Robinhood Markets (HOOD)
• Negative Sentiment: There were also reports of insider selling earlier in the period, which can create some caution even when offset by newer insider buying. Insider Selling: Robinhood Markets (NASDAQ:HOOD) Insider Sells $836,800.00 in Stock

Robinhood Markets Profile

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.