GRIMES & Co WEALTH MANAGEMENT LLC Acquires New Shares in Robinhood Markets, Inc. $HOOD

Key Points

• GRIMES & Co Wealth Management initiated a Robinhood stake in the third quarter, buying 11,975 shares valued at approximately $1.35 million. Other institutional investors also increased or opened positions; institutions collectively own 93.27% of the shares.
• Robinhood’s latest quarter delivered EPS of $0.60, above the $0.56 consensus, while revenue of $1.42 billion missed estimates of $1.44 billion but grew 11.5% year over year.
• Analysts have a consensus “Moderate Buy” rating and an average $126.45 price target, though views vary. Insiders sold more than 1.08 million shares worth about $127.5 million over the past 90 days; the CEO’s sale was under a pre-arranged trading plan.

GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,975 shares of the company's stock, valued at approximately $1,347,000.

Other hedge funds have also made changes to their positions in the company. EULAV Asset Management lifted its stake in Robinhood Markets by 47.9% in the 3rd quarter. EULAV Asset Management now owns 325,342 shares of the company's stock valued at $36,601,000 after buying an additional 105,342 shares in the last quarter. Wellington Management Group LLP increased its position in Robinhood Markets by 37.1% during the second quarter. Wellington Management Group LLP now owns 786,318 shares of the company's stock worth $78,852,000 after buying an additional 212,855 shares in the last quarter. Nykredit A S purchased a new position in Robinhood Markets during the second quarter worth $29,008,000. QRG Capital Management Inc. increased its position in 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 buying an additional 23,253 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Robinhood Markets by 18.3% in 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 last quarter. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Activity at Robinhood Markets

In other news, CEO Vladimir Tenev sold 375,000 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $113.72, for a total transaction of $42,645,000.00. Following the transaction, the chief executive officer directly owned 375,000 shares in the company, valued at $42,645,000. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Shiv Verma sold 11,472 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $110.42, for a total transaction of $1,266,738.24. Following the transaction, the chief financial officer owned 56,858 shares in the company, valued at approximately $6,278,260.36. The trade was a 16.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,081,347 shares of company stock worth $127,543,680. Corporate insiders own 13.48% of the company's stock.

Robinhood Markets News Roundup

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

• Positive Sentiment: Goldman Sachs said the Binance hack could prompt a flight to safety that benefits regulated firms, including Robinhood. That may give HOOD a relative advantage as investors reassess crypto-related risks. Goldman Sachs names stock winners and losers after $6.3 bln Binance heist
• Positive Sentiment: Robinhood is seeking a larger retail allocation in the planned Anthropic IPO. Broader access to high-profile offerings could help attract and engage customers, although the allocation is not guaranteed. Robinhood Pushes for Bigger Retail Share of Anthropic IPO as Allocations Grow
• Positive Sentiment: Analysts remain broadly bullish despite recent underperformance, citing robust deposits and subscriber growth. Bank Julius Baer also reported increasing its HOOD position, though the filing is a limited indicator of broader institutional sentiment. Robinhood Markets Stock: Is Wall Street Bullish or Bearish? Bank Julius Baer position report
• Neutral Sentiment: Cantor Fitzgerald cut its price target from $150 to $120 but kept an “overweight” rating, reflecting a more cautious valuation view while retaining an overall positive stance. Cantor Fitzgerald ratings
• Negative Sentiment: Robinhood has lagged the broader market, and recent growth was described as modest; analysts also see earnings pressures. These concerns could temper enthusiasm even as the business expands beyond crypto trading. Robinhood Stock: Should Investors Buy the Post-Earnings Dip?

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HOOD. Rothschild & Co Redburn upped their price objective on Robinhood Markets from $78.00 to $80.00 and gave the company a "sell" rating in a research report on Friday, August 14th. Loop Capital set a $135.00 target price on shares of Robinhood Markets in a research note on Tuesday, September 29th. Keefe, Bruyette & Woods upped their target price on shares of Robinhood Markets from $100.00 to $115.00 and gave the company a "market perform" rating in a report on Tuesday, September 29th. Wells Fargo & Company reduced their target price on shares of Robinhood Markets from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 28th. Finally, Jefferies Financial Group raised their price target on shares of Robinhood Markets from $127.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.45.

Robinhood Markets Price Performance

Shares of NASDAQ:HOOD opened at $85.68 on Wednesday. The company has a market cap of $77.03 billion, a P/E ratio of 39.48, a P/E/G ratio of 1.82 and a beta of 2.56. The business has a fifty day simple moving average of $107.65 and a 200-day simple moving average of $92.69. Robinhood Markets, Inc. has a 52 week low of $63.51 and a 52 week high of $144.77. The company has a quick ratio of 1.24, a current 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 for the quarter, topping the consensus estimate of $0.56 by $0.04. Robinhood Markets had a return on equity of 21.49% and a net margin of 39.04%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. Equities research analysts forecast that Robinhood Markets, Inc. will post 2.11 EPS for the current year.

Robinhood Markets Company 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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