WT Wealth Management Buys 5,832 Shares of Robinhood Markets, Inc. $HOOD

Posted by Geri Gentry on Jun 27th, 2026

WT Wealth Management boosted its stake in Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) by 38.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,130 shares of the company’s stock after purchasing an additional 5,832 shares during the quarter. WT Wealth Management’s holdings in Robinhood Markets were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in Robinhood Markets by 103.2% during the 3rd quarter. State Street Corp now owns 32,246,155 shares of the company’s stock valued at $4,617,004,000 after buying an additional 16,375,734 shares during the period. Norges Bank purchased a new stake in shares of Robinhood Markets in the 4th quarter worth about $1,202,160,000. Corient Private Wealth LLC increased its stake in shares of Robinhood Markets by 5,221.4% during the fourth quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock valued at $289,519,000 after purchasing an additional 2,511,743 shares in the last quarter. Jennison Associates LLC raised its stake in 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 buying an additional 2,157,372 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Robinhood Markets by 23.9% in the 4th quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock worth $1,208,335,000 after purchasing an additional 2,061,832 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Key Headlines Impacting Robinhood Markets

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

Positive Sentiment: BTIG initiated coverage on Robinhood with a Buy rating and a $125 price target, saying the company has a long runway for asset growth, customer engagement, and product expansion. The new bullish call is likely helping sentiment. Article Title
Positive Sentiment: Robinhood closed its $2.2 billion offering of 0.00% convertible senior notes due 2029, giving it more financial flexibility. Management also said capped calls and a share repurchase mean the deal should limit dilution unless the stock rises much further, which may reassure investors. Article Title
Positive Sentiment: Robinhood is also promoting growth through customer perks, including World Cup ticket giveaways to boost its Gold subscriber base, suggesting continued efforts to deepen engagement and subscription revenue. Article Title
Neutral Sentiment: Robinhood is attracting investor attention as a high-yield ETF idea and continues to appear in market roundups, but these items are more about trading interest than a direct business catalyst. Article Title
Neutral Sentiment: A comparison piece on SCHW vs. HOOD frames Robinhood as a value debate rather than providing a new company-specific catalyst. Article Title
Negative Sentiment: Robinhood previously fell after reports that Meta is developing a competing prediction-markets app, raising concerns about future competition in one of Robinhood’s newer growth areas. Article Title

Robinhood Markets Price Performance

HOOD opened at $98.69 on Friday. The firm has a market capitalization of $88.87 billion, a PE ratio of 47.68, a price-to-earnings-growth ratio of 2.20 and a beta of 2.35. The business’s 50-day moving average is $85.85 and its two-hundred day moving average is $90.41. Robinhood Markets, Inc. has a 1 year low of $63.51 and a 1 year high of $153.86.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business posted $0.37 earnings per share. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.81 EPS for the current year.

Insider Activity at Robinhood Markets

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 approximately $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 accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 3,984 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $98.84, for a total value of $393,778.56. Following the transaction, the chief financial officer directly owned 59,927 shares in the company, valued at approximately $5,923,184.68. The trade was a 6.23% 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. Over the last three months, insiders have bought 680,000 shares of company stock valued at $55,306,560 and have sold 633,484 shares valued at $47,542,923. 14.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HOOD has been the subject of several research analyst reports. Citigroup reiterated a “market outperform” rating on shares of Robinhood Markets in a report on Thursday, May 28th. Cantor Fitzgerald restated an “overweight” rating and set a $110.00 target price on shares of Robinhood Markets in a research note on Tuesday, June 9th. Barclays dropped their price objective on shares of Robinhood Markets from $89.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their price target on shares of Robinhood Markets from $113.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, KeyCorp reaffirmed an “overweight” rating and set a $100.00 price objective on shares of Robinhood Markets in a research note on Monday, June 1st. Nineteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.68.

Check Out Our Latest Report on Robinhood Markets

Robinhood Markets 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.