Meridian Wealth Management LLC Has $23.55 Million Position in Robinhood Markets, Inc. $HOOD

Posted by Brenda Bartman on May 12th, 2026

Meridian Wealth Management LLC lowered its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) by 10.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 208,253 shares of the company’s stock after selling 23,925 shares during the quarter. Robinhood Markets accounts for about 0.8% of Meridian Wealth Management LLC’s holdings, making the stock its 22nd biggest position. Meridian Wealth Management LLC’s holdings in Robinhood Markets were worth $23,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Caisse Des Depots ET Consignations acquired a new stake in Robinhood Markets in the 3rd quarter valued at $3,984,000. Aberdeen Group plc grew its position in Robinhood Markets by 565.1% in the 3rd quarter. Aberdeen Group plc now owns 185,538 shares of the company’s stock valued at $26,565,000 after purchasing an additional 157,643 shares during the period. Jennison Associates LLC acquired a new stake in Robinhood Markets in the 3rd quarter valued at $322,823,000. NEOS Investment Management LLC acquired a new stake in Robinhood Markets in the 3rd quarter valued at $11,994,000. Finally, New York Life Investment Management LLC acquired a new stake in Robinhood Markets in the 3rd quarter valued at $14,989,000. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HOOD. KeyCorp dropped their price objective on Robinhood Markets from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Argus dropped their price objective on Robinhood Markets from $102.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Citizens Jmp restated a “market outperform” rating and set a $155.00 price objective on shares of Robinhood Markets in a research note on Wednesday, April 29th. Sanford C. Bernstein restated an “outperform” rating and set a $130.00 price objective on shares of Robinhood Markets in a research note on Tuesday, April 14th. Finally, Truist Financial dropped their price objective on Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Eighteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.88.

Get Our Latest Stock Report on Robinhood Markets

Insider Activity at Robinhood Markets

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction on Monday, May 4th. The stock was sold at an average price of $76.89, for a total transaction of $768,900.00. Following the sale, the insider directly owned 432,849 shares in the company, valued at $33,281,759.61. The trade was a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 8,540 shares of Robinhood Markets stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $84.93, for a total value of $725,302.20. Following the sale, the insider owned 53,183 shares in the company, valued at $4,516,832.19. The trade was a 13.84% 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. Over the last ninety days, insiders sold 487,907 shares of company stock worth $35,444,040. 14.47% of the stock is owned by company insiders.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $80.79 on Tuesday. The company has a market capitalization of $72.74 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 2.52 and a beta of 2.29. The business has a fifty day moving average price of $76.46 and a two-hundred day moving average price of $100.21. Robinhood Markets, Inc. has a 1 year low of $55.89 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. Sell-side analysts anticipate that Robinhood Markets, Inc. will post 1.86 earnings per share for the current year.

Robinhood Markets News Roundup

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

Positive Sentiment: Robinhood confidentially filed for a second retail venture fund, signaling continued expansion beyond its core trading app and another potential fee-earning product tied to private markets and startup investing. Riding an AI rally, Robinhood preps second retail venture IPO
Positive Sentiment: Analysts and media coverage highlighted Robinhood’s growing asset base, with platform assets reported at $307 billion in Q1 2026, reinforcing the view that HOOD is becoming a broader financial platform rather than just a trading app. Does HOOD’s $307B Asset Base Signal a Shift Beyond Trading App Roots?
Positive Sentiment: Recent bullish coverage described Robinhood as an “unstoppable” stock heading into 2026, helped by Q1 revenue growth and improving interest income, which supports the market’s growth narrative around HOOD. Robinhood Markets (HOOD): Unstoppable Stock to Buy in 2026
Neutral Sentiment: TechCrunch also reported the confidential filing for the second venture vehicle, describing it as a standard regulatory step rather than a confirmed launch or a major financial event. Riding an AI rally, Robinhood preps second retail venture IPO
Neutral Sentiment: One short-interest update showed no meaningful change, so it does not appear to be a major stock-moving factor.
Neutral Sentiment: Coverage of Baiju Bhatt’s separate space startup fundraising is not directly tied to Robinhood’s operations, though it may remind investors of the company’s co-founder and broader entrepreneurial profile. Baiju Bhatt’s Cowboy Space raises $275M for orbital data centers

Robinhood Markets Company Profile

(Free Report)

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.