Bank of Nova Scotia Buys 707,200 Shares of Robinhood Markets, Inc. $HOOD

Key Points

• Bank of Nova Scotia boosted its Robinhood stake by 3,321.4% in Q3, buying 707,200 shares to hold 728,492 shares worth about $104.3 million.
• Institutional ownership is very high at 93.27%, with big moves from Vanguard, Norges Bank, Paradigm and Invesco, while insiders have sold roughly 475,132 shares in the past 90 days.
• Robinhood shows operational momentum—Feb. engagement rose and platform assets jumped 68% to $314.2B, plus a recent EPS beat—analysts still rate it a "Moderate Buy" with a consensus price target of $120.59, though volatility and some PT cuts temper the near-term outlook.

Bank of Nova Scotia lifted its position in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 3,321.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 728,492 shares of the company's stock after purchasing an additional 707,200 shares during the period. Bank of Nova Scotia owned 0.08% of Robinhood Markets worth $104,305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HOOD. Vanguard Group Inc. lifted its holdings in shares of Robinhood Markets by 24.9% in the 3rd quarter. Vanguard Group Inc. now owns 94,437,054 shares of the company's stock worth $13,521,497,000 after buying an additional 18,824,923 shares during the period. Norges Bank purchased a new position in shares of Robinhood Markets during the second quarter valued at $973,122,000. Paradigm Operations LP purchased a new position in shares of Robinhood Markets during the second quarter valued at $308,979,000. Jennison Associates LLC bought a new stake in shares of Robinhood Markets in the third quarter valued at about $322,823,000. Finally, Invesco Ltd. raised its holdings in shares of Robinhood Markets by 81.0% in the second quarter. Invesco Ltd. now owns 4,942,533 shares of the company's stock valued at $462,769,000 after acquiring an additional 2,212,487 shares in the last quarter. Institutional investors own 93.27% of the company's stock.

Key Robinhood Markets News

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

• Positive Sentiment: February operating metrics show rising engagement: Robinhood reported year-over-year increases in equity and options DARTs and a 68% YoY surge in platform assets to $314.2B, driven by strong deposits and higher trading activity — a signal of durable customer demand and monetization potential. Read More.
• Positive Sentiment: Prediction markets and "SuperApp" strategy are contributing incremental revenue: MarketBeat highlights that prediction-markets revenue is annualizing at about $435M and is embedded in a broader $4.5B revenue base — supporting upside to revenue diversification and long-term growth. Read More.
• Positive Sentiment: Recent quarterly results remained solid: management reported record revenue and EPS beats (referenced in the MarketBeat coverage), reinforcing the case that RH is expanding revenue streams while maintaining profitability metrics. Read More.
• Neutral Sentiment: Analyst price-target reset but upbeat rating: Mizuho trimmed its HOOD PT from $135 to $110 but kept an "outperform" call — the lower target can cap near-term upside while the rating still signals continued analyst conviction. Read More.
• Neutral Sentiment: Market coverage and idea pieces highlight HOOD as a thematic play (prediction markets, retail trading) but note the stock has been volatile and down YTD — themes that attract interest but also keep sentiment mixed. Read More.
• Negative Sentiment: Competitive and valuation pressure vs. larger brokers: comparative analyses (HOOD vs IBKR) argue Interactive Brokers' diversification and lower valuation may make it the steadier choice if crypto/trading volumes waver — a relative-risk narrative that can weigh on HOOD multiple. Read More.
• Negative Sentiment: Volatility and drawdown risk highlighted: a Forbes analysis reminds investors that HOOD has experienced large drawdowns in systemic shocks (~-37% average), underscoring the stock's sensitivity to market stress and crypto turbulence. That risk premium can pressure the share price in uncertain markets. Read More.

Insider Activity

In related news, insider Steven M. Quirk sold 52,540 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $87.81, for a total transaction of $4,613,537.40. Following the completion of the sale, the insider owned 27,564 shares of the company's stock, valued at $2,420,394.84. This represents a 65.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the firm's stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $107.48, for a total transaction of $630,262.72. Following the completion of the sale, the chief technology officer owned 9,133 shares of the company's stock, valued at approximately $981,614.84. This trade represents a 39.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 475,132 shares of company stock worth $55,127,149. Insiders own 14.47% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HOOD. Compass Point reiterated a "buy" rating on shares of Robinhood Markets in a report on Wednesday, February 11th. Wolfe Research upgraded shares of Robinhood Markets from a "peer perform" rating to an "outperform" rating and set a $125.00 price target for the company in a report on Monday, February 9th. KeyCorp lowered their price target on shares of Robinhood Markets from $160.00 to $130.00 and set an "overweight" rating for the company in a research report on Monday, February 9th. Zacks Research downgraded shares of Robinhood Markets from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 6th. Finally, Barclays cut their price objective on shares of Robinhood Markets from $159.00 to $124.00 and set an "overweight" rating on the stock in a report on Wednesday, February 11th. Seventeen analysts have rated the stock with 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $120.59.

Robinhood Markets Price Performance

HOOD opened at $73.39 on Friday. The business's 50-day moving average is $91.33 and its two-hundred day moving average is $113.79. Robinhood Markets, Inc. has a 1 year low of $29.66 and a 1 year high of $153.86. The firm has a market capitalization of $66.07 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 1.66 and a beta of 2.47.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm posted $1.01 earnings per share. The company's quarterly revenue was up 26.5% on a year-over-year basis. As a group, sell-side analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

About Robinhood Markets

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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