Janney Montgomery Scott LLC raised its holdings in shares of Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) by 31.8% in the first quarter, Holdings Channel.com reports. The firm owned 103,423 shares of the company’s stock after buying an additional 24,944 shares during the period. Janney Montgomery Scott LLC’s holdings in Robinhood Markets were worth $7,167,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its stake in shares of Robinhood Markets by 152.6% during the 4th quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after buying an additional 145 shares during the last quarter. CYBER HORNET ETFs LLC grew its position in shares of Robinhood Markets by 527.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 226 shares of the company’s stock worth $26,000 after buying an additional 190 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of Robinhood Markets in the fourth quarter worth $27,000. MV Capital Management Inc. bought a new stake in shares of Robinhood Markets in the fourth quarter worth $27,000. Finally, Swiss RE Ltd. acquired a new stake in Robinhood Markets in the fourth quarter valued at $27,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Truist Financial reduced their price objective on shares of Robinhood Markets from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Piper Sandler reissued an “overweight” rating on shares of Robinhood Markets in a research report on Thursday. Citigroup restated a “market outperform” rating on shares of Robinhood Markets in a research note on Thursday, May 28th. Citizens Jmp reaffirmed a “market outperform” rating and set a $155.00 price target on shares of Robinhood Markets in a research report on Thursday, May 28th. Finally, Keefe, Bruyette & Woods decreased their price target on Robinhood Markets from $75.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, April 29th. Twenty investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.
Insider Buying and Selling
In related news, insider Steven M. Quirk sold 10,837 shares of the stock in a transaction dated 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 $7,043,674.99. This represents a 11.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 dated Wednesday, May 20th. The stock was sold at an average price of $75.38, for a total transaction of $5,082,270.36. 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. In the last 90 days, insiders purchased 680,000 shares of company stock worth $55,306,560 and sold 633,484 shares worth $47,542,923. Corporate insiders own 14.47% of the company’s stock.
Robinhood Markets Price Performance
Shares of HOOD opened at $112.73 on Friday. The business’s fifty day moving average price is $87.70 and its 200 day moving average price is $89.61. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $153.86. The stock has a market capitalization of $101.51 billion, a PE ratio of 54.46, a price-to-earnings-growth ratio of 2.53 and a beta of 2.33.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm earned $0.37 EPS. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, research analysts anticipate that Robinhood Markets, Inc. will post 1.81 earnings per share for the current fiscal year.
More Robinhood Markets News
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Robinhood launched Robinhood Chain, a public Ethereum-based layer-2 blockchain built for tokenized assets and real-world assets, which investors see as a major expansion of its crypto and onchain finance strategy. Robinhood Markets Launches Public Blockchain
- Positive Sentiment: The company unveiled a broader slate of new offerings, including stock tokens, agentic trading tools, and DeFi products, suggesting new revenue streams and stronger product differentiation. Robinhood shares climb on slate of new offerings
- Positive Sentiment: Analyst commentary has turned more bullish, with firms including Mizuho, BTIG, and Barron’s-highlighted picks raising price targets or naming HOOD a top idea, adding momentum to the stock. Senior analyst revamps Robinhood price target amid hyperscaling potential
- Positive Sentiment: Robinhood is seeing unusually heavy call-option buying and a broad crypto-stock bounce, which signals traders are betting on continued upside. Robinhood Jumps 6% on Bullish Analyst Initiations as Coinbase, Strategy Ride a Crypto-Stock Bounce
- Neutral Sentiment: The company confirmed it will report second-quarter 2026 results on July 29, keeping attention on execution and whether the new product launches start showing up in financial results. Robinhood Markets, Inc. to Announce Second Quarter 2026 Results on July 29, 2026
- Neutral Sentiment: CEO Vlad Tenev’s comments about AI agents matching human traders and Robinhood’s Guinness World Record announcement are attention-grabbing, but they are more branding/vision stories than immediate financial drivers. AI agents will have ‘capability’ of human traders, Robinhood CEO tells CNBC
Robinhood Markets Company 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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Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report).
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