Cache Advisors LLC Decreases Stake in Robinhood Markets, Inc. $HOOD

Posted by Francis Steltz on Jun 24th, 2026

Cache Advisors LLC reduced its stake in Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) by 45.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 14,397 shares of the company’s stock after selling 12,000 shares during the period. Cache Advisors LLC’s holdings in Robinhood Markets were worth $998,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HOOD. Vanguard Group Inc. increased its stake in Robinhood Markets by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 95,771,497 shares of the company’s stock valued at $10,831,756,000 after purchasing an additional 1,334,443 shares in the last quarter. State Street Corp lifted its stake in shares of Robinhood Markets by 2.7% during the fourth quarter. State Street Corp now owns 33,121,452 shares of the company’s stock worth $3,746,036,000 after buying an additional 875,297 shares during the period. Geode Capital Management LLC grew its holdings in shares of Robinhood Markets by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 21,171,925 shares of the company’s stock valued at $2,386,944,000 after buying an additional 356,902 shares during the last quarter. Morgan Stanley grew its holdings in shares of Robinhood Markets by 23.9% during the fourth quarter. Morgan Stanley now owns 10,683,776 shares of the company’s stock valued at $1,208,335,000 after buying an additional 2,061,832 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Robinhood Markets in the 4th quarter valued at $1,202,160,000. 93.27% of the stock is currently 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: Truist remains bullish on Robinhood, saying June activity points to a record quarter and transaction revenue appears to be running ahead of estimates. Truist Stays Bullish on Robinhood as June Volumes Point to Record Quarter
Positive Sentiment: Robinhood said it will use about $290 million of the convertible note proceeds to repurchase shares and will use capped calls to help limit dilution from the deal. Robinhood Announces Pricing of Private Offering of $2.0 Billion of Convertible Senior Notes Due 2029
Positive Sentiment: Recent commentary highlights Robinhood’s push to diversify revenue beyond trading fees, which could improve long-term earnings potential if the strategy works. Forget Trading Fees: This Power Move Could Completely Redefine Robinhood’s Revenue
Neutral Sentiment: Robinhood is still drawing heavy investor attention, with analysts and traders focused on how its higher volumes, new products, and capital deployment will affect results. Here is What to Know Beyond Why Robinhood Markets, Inc. (HOOD) is a Trending Stock
Neutral Sentiment: Industry chatter around Meta’s reported prediction-market app, Arena, created competitive noise for Robinhood’s prediction-market ambitions, but the impact is still unclear. Meta prediction markets app Arena sinks DraftKings, Robinhood stock
Negative Sentiment: The $2 billion convertible debt raise is weighing on the stock because it raises the possibility of future dilution, even though Robinhood tried to offset that risk with buybacks and capped calls. Robinhood Prices $2.0 Billion Convertible Senior Notes Offering, Plans Concurrent Share Repurchases

Robinhood Markets Stock Down 2.3%

Robinhood Markets stock opened at $103.25 on Wednesday. The firm has a market cap of $92.98 billion, a price-to-earnings ratio of 49.88, a price-to-earnings-growth ratio of 2.50 and a beta of 2.35. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86. The business’s 50-day moving average price is $84.83 and its 200 day moving average price is $90.90.

Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) 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 company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm posted $0.37 earnings per share. The company’s revenue was up 15.1% compared to the same quarter last year. Equities analysts expect that Robinhood Markets, Inc. will post 1.8 EPS for the current year.

Insider Activity

In related news, insider Steven M. Quirk sold 10,837 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $85.91, for a total transaction of $931,006.67. Following the sale, the insider owned 81,989 shares in the company, valued at approximately $7,043,674.99. This trade represents a 11.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meyer Malka purchased 250,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of $80.74 per share, for a total transaction of $20,185,000.00. Following the transaction, the director owned 3,924,427 shares of the company’s stock, valued at $316,858,235.98. This trade represents a 6.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 680,000 shares of company stock worth $55,306,560 and sold 633,484 shares worth $47,542,923. Company insiders own 19.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HOOD. Jefferies Financial Group dropped their target price on Robinhood Markets from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $130.00 price target on shares of Robinhood Markets in a research report on Tuesday, April 14th. Citizens Jmp restated a “market outperform” rating and set a $155.00 price objective on shares of Robinhood Markets in a research note on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Robinhood Markets in a report on Friday, March 27th. Finally, KeyCorp reiterated an “overweight” rating and issued a $100.00 price objective on shares of Robinhood Markets in a research note on Monday, June 1st. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.36.

Read Our Latest Research 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.