Robinhood Markets, Inc. $HOOD Shares Newly Acquired by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 11,975 shares of the company’s stock, valued at approximately $1,347,000.

A number of other institutional investors have also modified their holdings of HOOD. Crossmark Global Holdings Inc. increased its position in Robinhood Markets by 0.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,405 shares of the company’s stock worth $3,083,000 after purchasing an additional 102 shares in the last quarter. Lake Street Private Wealth LLC raised its holdings in Robinhood Markets by 0.3% in the third quarter. Lake Street Private Wealth LLC now owns 43,899 shares of the company’s stock valued at $4,939,000 after buying an additional 114 shares during the period. Parkside Financial Bank & Trust lifted its position in Robinhood Markets by 11.9% during the second quarter. Parkside Financial Bank & Trust now owns 1,089 shares of the company’s stock valued at $109,000 after buying an additional 116 shares in the last quarter. Root Financial Partners LLC lifted its position in Robinhood Markets by 5.4% during the third quarter. Root Financial Partners LLC now owns 2,510 shares of the company’s stock valued at $282,000 after buying an additional 129 shares in the last quarter. Finally, Brookstone Capital Management lifted its position in Robinhood Markets by 2.5% during the third quarter. Brookstone Capital Management now owns 5,230 shares of the company’s stock valued at $588,000 after buying an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Up 2.2%

NASDAQ:HOOD opened at $85.68 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $107.65 and a 200-day moving average of $92.69. The firm has a market capitalization of $77.03 billion, a PE ratio of 39.48, a price-to-earnings-growth ratio of 1.82 and a beta of 2.56. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $144.77.

Robinhood Markets (NASDAQ:HOOD) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. Robinhood Markets had a return on equity of 21.49% and a net margin of 39.04%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the business posted $0.61 EPS. The business’s revenue was up 11.5% on a year-over-year basis. Analysts predict that Robinhood Markets, Inc. will post 2.11 EPS for the current year.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Goldman Sachs said the Binance hack could prompt a flight to safety that benefits regulated firms, including Robinhood. That may give HOOD a relative advantage as investors reassess crypto-related risks. Goldman Sachs names stock winners and losers after $6.3 bln Binance heist
• Positive Sentiment: Robinhood is seeking a larger retail allocation in the planned Anthropic IPO. Broader access to high-profile offerings could help attract and engage customers, although the allocation is not guaranteed. Robinhood Pushes for Bigger Retail Share of Anthropic IPO as Allocations Grow
• Positive Sentiment: Analysts remain broadly bullish despite recent underperformance, citing robust deposits and subscriber growth. Bank Julius Baer also reported increasing its HOOD position, though the filing is a limited indicator of broader institutional sentiment. Robinhood Markets Stock: Is Wall Street Bullish or Bearish? Bank Julius Baer position report
• Neutral Sentiment: Cantor Fitzgerald cut its price target from $150 to $120 but kept an “overweight” rating, reflecting a more cautious valuation view while retaining an overall positive stance. Cantor Fitzgerald ratings
• Negative Sentiment: Robinhood has lagged the broader market, and recent growth was described as modest; analysts also see earnings pressures. These concerns could temper enthusiasm even as the business expands beyond crypto trading. Robinhood Stock: Should Investors Buy the Post-Earnings Dip?

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Rothschild & Co Redburn boosted their price objective on shares of Robinhood Markets from $78.00 to $80.00 and gave the stock a “sell” rating in a research note on Friday, August 14th. Piper Sandler reissued an “overweight” rating and issued a $145.00 target price (up from $135.00) on shares of Robinhood Markets in a research note on Wednesday, September 2nd. Barclays reduced their target price on shares of Robinhood Markets from $132.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Raymond James Financial reaffirmed a “market perform” rating on shares of Robinhood Markets in a research report on Monday, October 5th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $165.00 price target on shares of Robinhood Markets in a report on Wednesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Robinhood Markets currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.45.

Insider Activity

In other Robinhood Markets news, insider Steven Quirk sold 24,416 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $120.33, for a total value of $2,937,977.28. Following the sale, the insider directly owned 77,839 shares of the company’s stock, valued at $9,366,366.87. This trade represents a 23.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Gallagher, Jr. sold 10,000 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $113.71, for a total value of $1,137,100.00. Following the completion of the sale, the insider owned 499,943 shares in the company, valued at $56,848,518.53. The trade was a 1.96% 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. Insiders sold 1,081,347 shares of company stock worth $127,543,680 over the last 90 days. Insiders own 13.48% of the company’s stock.

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.