Robinhood Markets, Inc. $HOOD Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 199,261 shares of the company’s stock, valued at approximately $22,417,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HOOD. Wellington Management Group LLP increased its holdings in Robinhood Markets by 37.1% in the second quarter. Wellington Management Group LLP now owns 786,318 shares of the company’s stock valued at $78,852,000 after purchasing an additional 212,855 shares during the period. Nykredit A S bought a new position in Robinhood Markets during the 2nd quarter worth $29,008,000. EULAV Asset Management raised its position in Robinhood Markets by 47.9% during the 3rd quarter. EULAV Asset Management now owns 325,342 shares of the company’s stock worth $36,601,000 after purchasing an additional 105,342 shares during the last quarter. QRG Capital Management Inc. raised its position in Robinhood Markets by 14.8% during the 2nd quarter. QRG Capital Management Inc. now owns 180,595 shares of the company’s stock worth $18,110,000 after purchasing an additional 23,253 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Robinhood Markets by 18.3% during the 2nd quarter. NewEdge Advisors LLC now owns 68,920 shares of the company’s stock worth $6,911,000 after buying an additional 10,685 shares during the period. 93.27% of the stock is currently owned by institutional investors.

Insider Transactions at Robinhood Markets

In other news, CFO Shiv Verma sold 11,472 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $110.42, for a total value of $1,266,738.24. Following the transaction, the chief financial officer directly owned 56,858 shares of the company’s stock, valued at $6,278,260.36. The trade was a 16.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Quirk sold 24,416 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $120.33, for a total value of $2,937,977.28. Following the completion of the transaction, the insider directly owned 77,839 shares in the company, valued at $9,366,366.87. This represents a 23.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,081,347 shares of company stock worth $127,543,680. Corporate insiders own 13.48% of the company’s stock.

Robinhood Markets Price Performance

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

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Robinhood Markets had a net margin of 39.04% and a return on equity of 21.49%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, sell-side analysts forecast that Robinhood Markets, Inc. will post 2.18 EPS for the current year.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on HOOD shares. Barclays reduced their price target on Robinhood Markets from $132.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Compass Point raised their price objective on Robinhood Markets from $126.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Sanford C. Bernstein restated an “outperform” rating and set a $160.00 price objective on shares of Robinhood Markets in a research report on Tuesday, September 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Robinhood Markets in a research note on Wednesday, October 28th. Finally, Bank of America upped their target price on Robinhood Markets from $140.00 to $156.00 and gave the company a “buy” rating in a report on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Robinhood Markets has an average rating of “Moderate Buy” and an average price target of $126.45.

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.