California State Teachers Retirement System cut its stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,122,755 shares of the company’s stock after selling 6,407 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Robinhood Markets worth $77,807,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC lifted its holdings in Robinhood Markets by 46.7% in the first quarter. Empowered Funds LLC now owns 49,870 shares of the company’s stock valued at $2,076,000 after buying an additional 15,885 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Robinhood Markets in the second quarter worth approximately $5,105,000. Federated Hermes Inc. boosted its holdings in shares of Robinhood Markets by 106.2% during the 2nd quarter. Federated Hermes Inc. now owns 63,957 shares of the company’s stock worth $5,988,000 after buying an additional 32,933 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Robinhood Markets by 19.1% during the 2nd quarter. NewEdge Advisors LLC now owns 89,676 shares of the company’s stock worth $8,396,000 after buying an additional 14,356 shares during the period. Finally, Nebula Research & Development LLC bought a new stake in shares of Robinhood Markets in the 2nd quarter valued at $1,316,000. 93.27% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting Robinhood Markets
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Second-quarter revenue rose 32% year over year to a record $1.31 billion, exceeding the $1.29 billion consensus estimate. Diluted earnings per share increased 48% to $0.62, beating analyst expectations of approximately $0.41-$0.44 and rising from $0.42 a year earlier. Robinhood Reports Second Quarter 2026 Results
- Positive Sentiment: Strong market volatility drove higher trading activity, supporting profitability. Robinhood also reported record net deposits of $22 billion, 4.8 million Gold subscribers and 13 business lines generating at least $100 million in annualized revenue, suggesting broader diversification beyond its core brokerage business. Robinhood quarterly profit rises on strong trading activity
- Positive Sentiment: Analysts have raised price targets and maintain generally favorable views of HOOD, with a reported consensus rating of “Moderate Buy” and average target price of $122.22. Expectations center on user growth, new products and expansion into crypto and prediction markets. Analysts hike Robinhood stock price target
- Neutral Sentiment: Robinhood is expanding its blockchain, tokenized-stock and prediction-market offerings, including a reported potential partnership with Crypto.com. These initiatives could create new revenue streams, but adoption and regulatory outcomes remain uncertain. Robinhood Eyes Crypto.com Partnership
- Negative Sentiment: Concerns remain that fading memecoin interest is weighing on Robinhood Chain trading volumes, potentially pressuring crypto-related revenue. HOOD’s high valuation also leaves less room for disappointment regarding expenses or management’s outlook. Robinhood Chain’s Trading Volumes Slump
- Negative Sentiment: Director Baiju Bhatt sold roughly $4.7 million of HOOD shares under a pre-arranged Rule 10b5-1 plan. The planned nature limits its significance, but the sale may still weigh on sentiment. Separately, CEO Vlad Tenev’s hacked X account raises reputational and security concerns, although the account was restored and the fraudulent post removed. Robinhood CEO Vlad Tenev says X account was hacked
Analyst Upgrades and Downgrades
View Our Latest Report on Robinhood Markets
Robinhood Markets Stock Performance
NASDAQ:HOOD opened at $89.84 on Thursday. The firm has a market cap of $80.90 billion, a price-to-earnings ratio of 43.40, a price-to-earnings-growth ratio of 1.87 and a beta of 2.33. The firm has a 50-day moving average price of $97.55 and a two-hundred day moving average price of $87.84. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.18. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Robinhood Markets had a return on equity of 21.39% and a net margin of 41.12%.The business’s revenue was up 32.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.95 earnings per share for the current year.
Insider Activity
In other news, CEO Vladimir Tenev sold 375,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $116.17, for a total transaction of $43,563,750.00. Following the completion of the sale, the chief executive officer owned 375,000 shares in the company, valued at $43,563,750. This trade represents a 50.00% decrease in their position. The sale 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, Director Baiju Bhatt sold 67,422 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $75.38, for a total value of $5,082,270.36. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders purchased 680,000 shares of company stock worth $55,306,560 and sold 631,263 shares worth $66,793,857. 13.48% of the stock is currently owned by insiders.
Robinhood Markets Profile
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.
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