MFG Wealth Management Inc. bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,900 shares of the company’s stock, valued at approximately $1,093,000.
Other hedge funds have also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of Robinhood Markets by 103.2% during the third quarter. State Street Corp now owns 32,246,155 shares of the company’s stock worth $4,617,004,000 after purchasing an additional 16,375,734 shares during the last quarter. Norges Bank bought a new position in Robinhood Markets in the 4th quarter valued at approximately $1,202,160,000. Amundi raised its holdings in Robinhood Markets by 89.0% in the 1st quarter. Amundi now owns 6,385,232 shares of the company’s stock valued at $442,497,000 after buying an additional 3,007,103 shares during the last quarter. Corient Private Wealth LLC boosted its position in Robinhood Markets by 5,221.4% during the 4th quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company’s stock worth $289,519,000 after buying an additional 2,511,743 shares during the period. Finally, Jennison Associates LLC boosted its position in Robinhood Markets by 95.7% during the 4th quarter. Jennison Associates LLC now owns 4,412,036 shares of the company’s stock worth $499,001,000 after buying an additional 2,157,372 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.
Robinhood Markets News Roundup
Here are the key news stories impacting Robinhood Markets this week:
- Positive Sentiment: Bitcoin’s move above $65,000 is supporting crypto-linked stocks, including Robinhood. Higher crypto prices and trading activity could increase transaction revenue and customer engagement. MSTR, CRCL, BMNR Stocks Rally After Bitcoin Reclaims $65K
- Positive Sentiment: Robinhood’s acquisition of Canadian crypto platform WonderFi highlights its international expansion strategy. WonderFi’s CEO said Canada’s regulatory and capital-markets environment made a sale to Robinhood preferable, potentially giving HOOD additional crypto customers and infrastructure. I Built Canada’s Largest Crypto Company
- Positive Sentiment: Jim Cramer made a bullish assessment of Robinhood following its latest quarterly report, reinforcing the view that the platform has a competitive advantage. Robinhood reported $0.62 in quarterly EPS versus the $0.44 consensus estimate, while revenue rose 32.5% year over year to $1.31 billion. Jim Cramer Makes Bold Call on Robinhood Stock
- Positive Sentiment: A meme coin surged after being listed on Robinhood, illustrating how new token listings can generate attention and trading activity on the platform. However, the event is speculative and may have limited direct financial impact. Meme Coin Surges 77% on Robinhood Listing
- Neutral Sentiment: Coverage comparing Robinhood with SoFi suggests investors may favor HOOD’s stronger trading momentum and earnings profile, but also underscores that high-growth fintech stocks can decline even after strong results when valuation expectations are elevated. Why Wall Street Keeps Ignoring SoFi’s Record Growth for Robinhood
- Negative Sentiment: Robinhood director Daniel Martin Gallagher, Jr. sold 10,000 shares for approximately $904,200 under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the sale reduces its importance, although insider selling can still weigh modestly on sentiment. SEC Insider Transaction Filing
Analysts Set New Price Targets
View Our Latest Stock Report on HOOD
Robinhood Markets Trading Up 2.8%
NASDAQ:HOOD opened at $93.29 on Friday. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. The firm’s fifty day moving average is $99.17 and its 200-day moving average is $86.82. The firm has a market cap of $84.01 billion, a P/E ratio of 41.10, a P/E/G ratio of 1.78 and a beta of 2.35.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robinhood Markets had a net margin of 42.01% and a return on equity of 22.43%. Robinhood Markets’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. Equities analysts expect that Robinhood Markets, Inc. will post 2.02 earnings per share for the current year.
Insider Activity
In related news, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $116.17, for a total transaction of $43,563,750.00. Following the sale, the chief executive officer owned 375,000 shares in the company, valued at $43,563,750. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 49,223 shares of Robinhood Markets stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $95.09, for a total value of $4,680,615.07. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders acquired 680,000 shares of company stock worth $55,306,560 and sold 631,263 shares worth $66,929,157. 13.48% of the stock is currently owned by insiders.
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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