12,304 Robinhood Markets, Inc. $HOOD Shares Purchased by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management increased its Robinhood stake 9.7% in the third quarter, buying 12,304 shares to reach 139,373 shares valued at about $16.2 million.
• Robinhood’s quarterly EPS of $0.60 beat analyst estimates, but revenue of $1.42 billion fell short of forecasts despite year-over-year growth of 11.5%.
• Analyst sentiment is broadly positive: the stock has a “Moderate Buy” consensus and a $126.45 average price target, though recent ratings include downgrades and insider sales.

Rakuten Investment Management Inc. raised its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 9.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,373 shares of the company's stock after purchasing an additional 12,304 shares during the period. Rakuten Investment Management Inc.'s holdings in Robinhood Markets were worth $16,198,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Provenance Wealth Advisors LLC bought a new position in Robinhood Markets during the 3rd quarter worth approximately $77,000. Integrity Alliance LLC. increased its stake in shares of Robinhood Markets by 200.6% during the 3rd quarter. Integrity Alliance LLC. now owns 12,619 shares of the company's stock worth $1,420,000 after purchasing an additional 8,421 shares during the last quarter. Integrity Advisory Solutions LLC grew its stake in Robinhood Markets by 5.3% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 10,085 shares of the company's stock valued at $1,135,000 after buying an additional 507 shares in the last quarter. Tucker Asset Management LLC boosted its position in shares of Robinhood Markets by 16.6% in the third quarter. Tucker Asset Management LLC now owns 6,234 shares of the company's stock valued at $701,000 after acquiring an additional 887 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in Robinhood Markets in the third quarter valued at approximately $1,347,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Price Performance

Shares of HOOD stock opened at $87.41 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $78.59 billion, a price-to-earnings ratio of 40.28, a P/E/G ratio of 1.91 and a beta of 2.56. The stock has a fifty day simple moving average of $107.15 and a two-hundred day simple moving average of $92.57. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $144.77.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.44 billion. Robinhood Markets had a return on equity of 21.49% and a net margin of 39.04%. The firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. On average, analysts predict that Robinhood Markets, Inc. will post 2.10 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HOOD shares. Wells Fargo & Company dropped their target price on Robinhood Markets from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, October 28th. Rothschild & Co Redburn increased their price target on shares of Robinhood Markets from $78.00 to $80.00 and gave the stock a "sell" rating in a research note on Friday, August 14th. Citigroup reiterated a "market outperform" rating on shares of Robinhood Markets in a research note on Friday, October 9th. Mizuho lifted their target price on Robinhood Markets from $130.00 to $140.00 and gave the stock an "outperform" rating in a report on Wednesday, September 9th. Finally, Wall Street Zen cut Robinhood Markets from a "hold" rating to a "strong sell" rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $126.45.

Insider Activity at Robinhood Markets

In related news, Director Baiju Bhatt sold 50,912 shares of the firm's stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $101.40, for a total value of $5,162,476.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Tenev sold 375,000 shares of the company's stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $113.72, for a total value of $42,645,000.00. Following the transaction, the chief executive officer directly owned 375,000 shares of the company's stock, valued at approximately $42,645,000. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,085,820 shares of company stock valued at $127,925,316 over the last 90 days. Corporate insiders own 13.48% of the company's stock.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood’s Q3 earnings topped estimates, with management highlighting cost discipline, rising customer deposits, and expansion into prediction markets and banking as growth drivers. Robinhood Q3 Earnings Call Highlights Cost Discipline and Expansion
• Positive Sentiment: SkyFi’s Satellite Intelligence app is now available to Robinhood Agents customers through monthly subscriptions, adding a new service and potential engagement opportunity. SkyFi's Satellite Intelligence Now Available as a Robinhood Agent App
• Positive Sentiment: An investor article points to sharply rising transfers of tokenized stocks on Robinhood’s blockchain, which could generate transaction fees if activity continues to grow. This 1 Market Niche Is Growing at an Exponential Rate for Robinhood
• Neutral Sentiment: Chief Accounting Officer Dara Bazzano sold 4,473 shares under a pre-arranged Rule 10b5-1 plan. Such planned insider sales may draw attention but do not necessarily signal a change in company outlook. SEC Form 4 filing
• Negative Sentiment: Zacks Research cut its rating on HOOD from “strong-buy” to “hold,” adding a negative analyst signal. Zacks Research rating information
• Negative Sentiment: Crypto trading remains a headwind: a report says Robinhood’s crypto revenue fell 55% in Q3 while total revenue growth slowed to about 12%, raising questions about momentum in a key business line. Robinhood in a Food Fight for Anthropic IPO Shares as Crypto Trading Cools

Robinhood Markets Profile

Robinhood Markets, Inc is a financial services company that operates a digital brokerage platform. Founded in 2013 by Vlad Tenev and Baiju Bhatt, the company became known for offering commission-free trading and a mobile-first investing experience designed to broaden access to financial markets.

Through its platform, Robinhood provides brokerage services for stocks, exchange-traded funds, options and other investments. Its offerings also include cryptocurrency trading, individual retirement accounts, margin investing, cash management services and Robinhood Gold, a subscription-based product that provides additional features and benefits.

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