21,219 Shares in Robinhood Markets, Inc. $HOOD Bought by United Capital Management of KS Inc.

Key Points

• United Capital Management of KS opened a Robinhood position of 21,219 shares in Q3, valued at approximately $2.387 million.
• Other institutional investors also increased or initiated holdings; institutional investors and hedge funds own 93.27% of Robinhood’s shares.
• Robinhood beat quarterly EPS expectations with $0.60 per share, while revenue of $1.42 billion fell short of estimates; revenue rose 11.5% year over year. Insiders sold about 1.10 million shares over the quarter.

United Capital Management of KS Inc. acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 21,219 shares of the company's stock, valued at approximately $2,387,000.

Several other large investors have also modified their holdings of HOOD. Gryphon Financial Partners LLC raised its stake in Robinhood Markets by 2.1% during the 3rd quarter. Gryphon Financial Partners LLC now owns 13,675 shares of the company's stock worth $1,538,000 after acquiring an additional 276 shares in the last quarter. AlphaCore Capital LLC lifted its position in Robinhood Markets by 321.1% in the third quarter. AlphaCore Capital LLC now owns 9,091 shares of the company's stock valued at $1,023,000 after acquiring an additional 6,932 shares during the last quarter. Clear Wave Wealth Management LLC lifted its position in Robinhood Markets by 51.3% in the third quarter. Clear Wave Wealth Management LLC now owns 5,440 shares of the company's stock valued at $612,000 after acquiring an additional 1,845 shares during the last quarter. Fulcrum Asset Management LLP acquired a new position in Robinhood Markets in the third quarter valued at $174,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Robinhood Markets by 79.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 360,644 shares of the company's stock valued at $40,086,000 after acquiring an additional 160,229 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company's stock.

Insider Activity

In related news, CFO Shiv Verma sold 11,472 shares of Robinhood Markets stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $110.42, for a total value of $1,266,738.24. Following the transaction, the chief financial officer directly owned 56,858 shares in the company, valued at $6,278,260.36. This trade represents a 16.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Dara Bazzano sold 4,473 shares of the business's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $85.32, for a total transaction of $381,636.36. Following the completion of the transaction, the chief accounting officer directly owned 3,000 shares in the company, valued at $255,960. This represents a 59.86% 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. Over the last quarter, insiders sold 1,095,820 shares of company stock valued at $128,775,816. 13.48% of the stock is currently owned by company insiders.

Robinhood Markets Stock Up 3.0%

Robinhood Markets stock opened at $83.32 on Tuesday. The stock has a 50 day moving average of $105.55 and a two-hundred day moving average of $92.18. Robinhood Markets, Inc. has a twelve month low of $63.51 and a twelve month high of $139.75. The stock has a market capitalization of $74.91 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 1.95 and a beta of 2.56. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.26.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.04. Robinhood Markets had a return on equity of 21.49% and a net margin of 39.04%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, research analysts expect that Robinhood Markets, Inc. will post 2.10 earnings per share for the current year.

Key Headlines Impacting Robinhood Markets

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

• Positive Sentiment: Robinhood is bringing IPO Access to the UK, giving British retail investors access to U.S. listings. The move could broaden its international reach and attract new customers. Robinhood brings IPO Access to the UK
• Positive Sentiment: CEO Vlad Tenev sees stock tokens becoming a default way for investors abroad to own U.S. equities. That vision points to potential long-term growth, though it is an outlook rather than a reported business result. Robinhood CEO discusses stock tokens
• Positive Sentiment: A shift by investors toward cash and money-market products could benefit financial companies with client-cash businesses, including Robinhood, by redirecting cash-related flows and revenue opportunities. Robinhood and financial plays on rising cash balances
• Neutral Sentiment: A Q3 fintech roundup includes Robinhood, but the excerpt provides no specific results or comparison that would indicate a clear company-specific catalyst. Q3 rundown: Robinhood vs. fintech stocks
• Negative Sentiment: A California court ruling curbing Kalshi sports contracts highlights regulatory uncertainty for Robinhood’s prediction-markets expansion. The article notes that Robinhood’s diversified revenue streams may cushion the risk. California court curbs Kalshi sports contracts
• Negative Sentiment: Recent commentary asks whether HOOD is too expensive, flagging valuation as a possible concern for investors. The excerpt does not provide a specific valuation conclusion. Is Robinhood stock too expensive?

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HOOD shares. KeyCorp dropped their price objective on Robinhood Markets from $140.00 to $135.00 and set an "overweight" rating on the stock in a report on Wednesday, October 28th. Wall Street Zen downgraded Robinhood Markets from a "hold" rating to a "strong sell" rating in a report on Sunday, November 1st. Scotiabank decreased their target price on Robinhood Markets from $136.00 to $124.00 and set a "sector outperform" rating for the company in a research report on Wednesday, October 28th. Benchmark raised Robinhood Markets to a "strong-buy" rating in a research report on Wednesday, September 9th. Finally, Mizuho raised their price target on Robinhood Markets from $130.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $126.45.

About Robinhood Markets

Robinhood Markets, Inc operates a digital financial services platform that gives customers access to investing and financial products through its website and mobile app. Its offerings include trading in stocks, exchange-traded funds, options and cryptocurrencies, as well as retirement accounts and cash-management services.

Founded in 2013 by Vlad Tenev and Baiju Bhatt, Robinhood built its business around making financial services more accessible through a mobile-first platform. The company is headquartered in Menlo Park, California, and serves customers in the United States and select international markets.

Robinhood also offers subscription-based services through Robinhood Gold, which provides eligible customers with additional account features.

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