Great Lakes Retirement Inc. Buys New Holdings in Robinhood Markets, Inc. $HOOD

Key Points

• Great Lakes Retirement Inc. acquired 18,704 Robinhood shares worth approximately $2.1 million in the third quarter. Institutional investors and hedge funds collectively own 93.27% of HOOD.
• Analyst sentiment remains favorable: Robinhood has an average “Moderate Buy” rating and a consensus price target of $130.29, with recent upgrades from Benchmark, Jefferies and Zacks Research.
• Robinhood reported third-quarter adjusted EPS of $0.60, beating estimates, while revenue rose 11.5% year over year to $1.42 billion. However, insiders sold more than 1.09 million shares worth about $128.4 million over the past three months, and crypto revenue declined sharply.

Great Lakes Retirement Inc. acquired a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,704 shares of the company's stock, valued at approximately $2,104,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HOOD. Wellington Management Group LLP grew its stake in Robinhood Markets by 37.1% in the 2nd quarter. Wellington Management Group LLP now owns 786,318 shares of the company's stock valued at $78,852,000 after buying an additional 212,855 shares during the last quarter. Nykredit A S bought a new position in Robinhood Markets in the 2nd quarter valued at about $29,008,000. QRG Capital Management Inc. boosted its holdings in shares of Robinhood Markets by 14.8% during the second quarter. QRG Capital Management Inc. now owns 180,595 shares of the company's stock worth $18,110,000 after acquiring an additional 23,253 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Robinhood Markets by 18.3% during the second quarter. NewEdge Advisors LLC now owns 68,920 shares of the company's stock worth $6,911,000 after acquiring an additional 10,685 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Robinhood Markets during the second quarter worth approximately $22,691,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Benchmark raised Robinhood Markets to a "strong-buy" rating in a research report on Wednesday, September 9th. Wall Street Zen raised Robinhood Markets from a "sell" rating to a "hold" rating in a report on Saturday. Loop Capital set a $135.00 price target on Robinhood Markets in a research note on Tuesday, September 29th. Jefferies Financial Group upped their price objective on Robinhood Markets from $127.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, September 8th. Finally, Zacks Research raised Robinhood Markets from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Robinhood Markets currently has an average rating of "Moderate Buy" and an average target price of $130.29.

Robinhood Markets Price Performance

Shares of HOOD opened at $94.56 on Wednesday. Robinhood Markets, Inc. has a one year low of $63.51 and a one year high of $150.47. The company has a market cap of $85.02 billion, a P/E ratio of 41.66 and a beta of 2.35. The firm has a 50 day simple moving average of $108.78 and a two-hundred day simple moving average of $93.44.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. On average, analysts expect that Robinhood Markets, Inc. will post 2.19 earnings per share for the current fiscal year.

Insider Activity at Robinhood Markets

In related news, CEO Vladimir Tenev sold 375,000 shares of the firm'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 sale, the chief executive officer directly owned 375,000 shares of the company's stock, valued at $42,645,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 50,912 shares of the firm's stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $101.40, for a total value of $5,162,476.80. 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. Insiders have sold 1,091,347 shares of company stock worth $128,447,880 in the last three months. 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 reported record third-quarter revenue of approximately $1.42 billion, up 12% year over year. Adjusted EPS of $0.60 exceeded the $0.56 consensus estimate, while robust options and equities activity helped offset weaker crypto trading. Robinhood quarterly revenue rises 12% as event contracts, options offset crypto slump
• Positive Sentiment: Platform assets increased 19% to $396 billion, net deposits reached $16 billion and Robinhood Gold subscribers climbed to a record 5.2 million. The company also said it now has 14 business lines generating at least $100 million in annualized revenue, supporting its strategy of diversifying beyond crypto. Robinhood Reports Third Quarter 2026 Results
• Positive Sentiment: Prediction markets and event contracts showed significant momentum, with event-contract volume reaching 16.4 billion and related revenue helping counter crypto weakness. A new partnership with Ripple to expand RLUSD stablecoin usage could also strengthen Robinhood’s institutional infrastructure and financial-services offerings. Ripple strikes deal with Robinhood to expand its digital dollar
• Neutral Sentiment: The earnings picture was mixed: adjusted EPS beat estimates, but diluted GAAP EPS fell 16% year over year to $0.51. Revenue of $1.424 billion was also slightly below some analyst estimates, making the market’s reaction dependent on how investors weigh product diversification against profitability pressure. Robinhood Markets Q3 Earnings Surpass Estimates
• Negative Sentiment: Crypto revenue declined roughly 55% from a year earlier to $120 million, while rising costs contributed to lower reported profit. The combination of softer crypto activity, a modest revenue miss and a premium valuation likely explains why investors sold the stock despite record revenue and strong deposits. Robinhood Posts Profit Miss on Rising Costs, Crypto Slump

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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