Robinhood Markets, Inc. $HOOD Stock Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 354,818 shares of the company’s stock after purchasing an additional 31,042 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Robinhood Markets were worth $39,917,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. EULAV Asset Management grew its stake in shares of Robinhood Markets by 47.9% in the third quarter. EULAV Asset Management now owns 325,342 shares of the company’s stock worth $36,601,000 after acquiring an additional 105,342 shares during the last quarter. Wellington Management Group LLP raised its stake in Robinhood Markets by 37.1% during the 2nd 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 last quarter. Nykredit A S acquired a new position in Robinhood Markets during the 2nd quarter valued at $29,008,000. QRG Capital Management Inc. raised its stake in Robinhood Markets by 14.8% during the 2nd quarter. QRG Capital Management Inc. now owns 180,595 shares of the company’s stock valued at $18,110,000 after purchasing an additional 23,253 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Robinhood Markets by 18.3% in the 2nd quarter. NewEdge Advisors LLC now owns 68,920 shares of the company’s stock valued at $6,911,000 after purchasing an additional 10,685 shares during the period. Institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HOOD. Jefferies Financial Group raised their price target on shares of Robinhood Markets from $127.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. Raymond James Financial restated a “market perform” rating on shares of Robinhood Markets in a report on Monday, October 5th. Loop Capital set a $135.00 price objective on shares of Robinhood Markets in a research report on Tuesday, September 29th. UBS Group reaffirmed a “buy” rating on shares of Robinhood Markets in a research report on Friday, October 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Robinhood Markets in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.45.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $81.33 on Wednesday. The business has a fifty day simple moving average of $105.08 and a 200 day simple moving average of $92.06. 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 firm has a market capitalization of $73.24 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 1.86 and a beta of 2.56. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $139.75.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, October 28th. The company reported $0.60 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 firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business earned $0.61 earnings per share. Robinhood Markets’s quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts expect that Robinhood Markets, Inc. will post 2.10 EPS for the current year.

Insider Buying and Selling

In other news, CEO Vladimir Tenev sold 375,000 shares of Robinhood Markets stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $113.72, for a total transaction of $42,645,000.00. Following the sale, the chief executive officer directly owned 375,000 shares in the company, valued at approximately $42,645,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 11,472 shares of Robinhood Markets stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total transaction of $1,266,738.24. Following the sale, the chief financial officer owned 56,858 shares in the company, valued at approximately $6,278,260.36. This trade represents a 16.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,095,820 shares of company stock worth $128,775,816. Insiders own 13.48% of the company’s stock.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood is opening access to U.S. IPOs for U.K. retail investors with zero commission. The expansion could attract customers and broaden its international reach. Article: Robinhood opens US IPOs to UK retail investors with zero commission
• Positive Sentiment: The CFO said Robinhood is making sure companies considering IPOs, including Anthropic, know that retail investors are ready to participate. The effort could support Robinhood’s role in future IPO distribution, though it does not guarantee a deal. Article: Robinhood CFO on Anthropic’s IPO
• Neutral Sentiment: Robinhood’s stock-tokenization plans could help make U.S. equities more accessible abroad, but a report says 90% of targeted companies opted out of the initiative, raising questions about issuer participation and adoption. Article: Robinhood Lets OKX-ICE Tokenize Its Shares While 90% of Targeted Companies Opt Out
• Neutral Sentiment: A short-interest report claims a large increase but lists total short interest as zero shares, an apparent inconsistency that makes the data difficult to interpret.
• Negative Sentiment: Hotter-than-forecast inflation sent Bitcoin lower and revived expectations for tighter Federal Reserve policy, pressuring crypto-exposed trading platforms, including Robinhood. Article: Hot inflation data drags Bitcoin lower and weighs on trading platforms
• Negative Sentiment: A California court ruling curbing Kalshi sports contracts highlights regulatory risk for Robinhood’s prediction-market expansion, although the company’s diversified revenue streams may help cushion the impact. Article: California Court Curbs Kalshi Sports Contracts: Is HOOD at Risk?

Robinhood Markets Company Profile

Robinhood Markets, Inc. operates a digital financial services platform that gives customers access to investing and financial products through its website and mobile app. Its offerings include trading in stocks, exchange-traded funds, options and cryptocurrencies, as well as retirement accounts and cash-management services. Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood built its business around making financial services more accessible through a mobile-first platform. The company is headquartered in Menlo Park, California, and serves customers in the United States and select international markets.