Annex Advisory Services LLC Sells 439,182 Shares of Robinhood Markets, Inc. $HOOD

Key Points

• Annex Advisory Services cut its Robinhood stake by 96.2%, selling 439,182 shares and retaining 17,113 shares valued at approximately $1.7 million. Despite the sale, institutional investors collectively own 93.27% of HOOD.
• Wall Street remains broadly positive, with 21 analysts rating Robinhood a Buy and five assigning a Hold rating. The stock carries a “Moderate Buy” consensus and an average price target of $120.52.
• Robinhood reported strong quarterly results, including revenue of $1.31 billion, up 32% year over year, and EPS of $0.62 versus the $0.44 consensus estimate. However, insiders—including CEO Vladimir Tenev and director Baiju Bhatt—have recently sold shares, while crypto trading volume declined 38%.

Annex Advisory Services LLC lowered its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 96.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,113 shares of the company's stock after selling 439,182 shares during the period. Annex Advisory Services LLC's holdings in Robinhood Markets were worth $1,716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truist Financial Corp lifted its stake in Robinhood Markets by 88.9% during the fourth quarter. Truist Financial Corp now owns 145,489 shares of the company's stock valued at $16,455,000 after buying an additional 68,458 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Robinhood Markets by 86.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 100,849 shares of the company's stock valued at $11,406,000 after acquiring an additional 46,688 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Robinhood Markets by 196.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 722,857 shares of the company's stock worth $81,755,000 after purchasing an additional 478,919 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Robinhood Markets by 100.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 60,000 shares of the company's stock worth $6,786,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its stake in shares of Robinhood Markets by 107.8% during the 4th quarter. Swiss Life Asset Management Ltd now owns 272,604 shares of the company's stock worth $30,832,000 after acquiring an additional 141,440 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HOOD shares. Argus upped their price target on Robinhood Markets from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, June 17th. Wall Street Zen upgraded Robinhood Markets from a "strong sell" rating to a "sell" rating in a research note on Sunday, July 12th. KeyCorp increased their target price on shares of Robinhood Markets from $100.00 to $125.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 22nd. China Renaissance began coverage on Robinhood Markets in a report on Tuesday, July 7th. They set a "buy" rating for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Robinhood Markets from $105.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. Twenty-one investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $120.52.

Insider Activity

In related news, Director Baiju Bhatt sold 49,223 shares of the company's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $95.09, for a total transaction of $4,680,615.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 on 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 transaction, the chief executive officer owned 375,000 shares of the company's stock, valued at $43,563,750. This trade represents a 50.00% decrease in their ownership of the stock. 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. Over the last ninety days, insiders purchased 680,000 shares of company stock valued at $55,306,560 and sold 631,263 shares valued at $66,929,157. Company insiders own 13.48% of the company's stock.

Robinhood Markets Stock Performance

Shares of NASDAQ HOOD opened at $94.91 on Thursday. The stock has a market capitalization of $85.33 billion, a PE ratio of 41.81, a price-to-earnings-growth ratio of 1.85 and a beta of 2.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $153.86. The stock has a 50 day moving average price of $99.61 and a 200 day moving average price of $86.42.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%.The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the company posted $0.42 earnings per share. Robinhood Markets's quarterly revenue was up 32.5% on a year-over-year basis. Analysts predict that Robinhood Markets, Inc. will post 2.02 earnings per share for the current fiscal year.

Key Robinhood Markets News

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

• Positive Sentiment: Robinhood’s second-quarter results showed strong underlying momentum: revenue reached a record $1.31 billion, up 32% year over year, while EPS of $0.62 exceeded expectations and net income rose 48% to $573 million. The company also reported 13 business lines generating more than $100 million in annualized revenue, suggesting less dependence on crypto trading. Robinhood’s Crypto Slump Got the Headlines. Its 10x Business Got Ignored
• Positive Sentiment: The company is expanding in the United Kingdom with zero-fee cryptocurrency trading for eligible customers. The initiative could increase international users, trading volume and transaction revenue while strengthening Robinhood’s all-in-one investment platform. Can Robinhood’s UK Crypto Push Boost Volume and Trading Revenues?
• Positive Sentiment: Zerohash said banks, brokerages and payment companies can now connect to Robinhood Chain and assets such as Global Dollar, potentially improving institutional adoption and supporting Robinhood’s blockchain strategy. Zerohash Connects Financial Institutions to Robinhood Chain
• Neutral Sentiment: Robinhood is being identified as a potentially volatile growth stock ahead of July inflation data. Higher-than-expected CPI could pressure richly valued technology and speculative assets, while softer inflation could improve investor risk appetite. Stocks That Could Swing After July CPI
• Neutral Sentiment: Polymarket’s hiring of veterans from Robinhood, Coinbase and Nasdaq highlights increasing competition and regulatory focus in prediction markets, but the direct financial impact on HOOD is uncertain. Polymarket Builds U.S. Operation
• Negative Sentiment: Despite record earnings, investor attention remains focused on a 38% decline in crypto volume. That weakness could weigh on transaction revenue and helps explain why the stock has not fully reflected the strong quarterly results. Robinhood’s Diversified Business Lines

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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