MFG Wealth Management Inc. Makes New Investment in Robinhood Markets, Inc. $HOOD

Key Points

• MFG Wealth Management initiated a position in Robinhood Markets by purchasing 10,900 shares valued at approximately $1.09 million during the second quarter.
• Institutional and hedge-fund interest remains high, with institutions owning 93.27% of HOOD shares; State Street more than doubled its stake, while Norges Bank established a new position.
• Robinhood reported strong quarterly results, with EPS of $0.62 versus the $0.44 consensus estimate and revenue up 32.5% year over year to $1.31 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $120.52, although insider selling and elevated valuation remain considerations.

MFG Wealth Management Inc. bought a new position in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,900 shares of the company's stock, valued at approximately $1,093,000.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Robinhood Markets by 103.2% in the third quarter. State Street Corp now owns 32,246,155 shares of the company's stock valued at $4,617,004,000 after buying an additional 16,375,734 shares during the period. Norges Bank acquired a new position in Robinhood Markets in the 4th quarter valued at $1,202,160,000. Amundi raised its holdings in Robinhood Markets by 89.0% in the 1st quarter. Amundi now owns 6,385,232 shares of the company's stock valued at $442,497,000 after acquiring an additional 3,007,103 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Robinhood Markets by 5,221.4% during the 4th quarter. Corient Private Wealth LLC now owns 2,559,848 shares of the company's stock valued at $289,519,000 after acquiring an additional 2,511,743 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of Robinhood Markets by 95.7% during the 4th quarter. Jennison Associates LLC now owns 4,412,036 shares of the company's stock valued at $499,001,000 after acquiring an additional 2,157,372 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Bitcoin’s move above $65,000 is supporting crypto-linked stocks, including Robinhood. Higher crypto prices and trading activity could increase transaction revenue and customer engagement. MSTR, CRCL, BMNR Stocks Rally After Bitcoin Reclaims $65K
• Positive Sentiment: Robinhood’s acquisition of Canadian crypto platform WonderFi highlights its international expansion strategy. WonderFi’s CEO said Canada’s regulatory and capital-markets environment made a sale to Robinhood preferable, potentially giving HOOD additional crypto customers and infrastructure. I Built Canada’s Largest Crypto Company
• Positive Sentiment: Jim Cramer made a bullish assessment of Robinhood following its latest quarterly report, reinforcing the view that the platform has a competitive advantage. Robinhood reported $0.62 in quarterly EPS versus the $0.44 consensus estimate, while revenue rose 32.5% year over year to $1.31 billion. Jim Cramer Makes Bold Call on Robinhood Stock
• Positive Sentiment: A meme coin surged after being listed on Robinhood, illustrating how new token listings can generate attention and trading activity on the platform. However, the event is speculative and may have limited direct financial impact. Meme Coin Surges 77% on Robinhood Listing
• Neutral Sentiment: Coverage comparing Robinhood with SoFi suggests investors may favor HOOD’s stronger trading momentum and earnings profile, but also underscores that high-growth fintech stocks can decline even after strong results when valuation expectations are elevated. Why Wall Street Keeps Ignoring SoFi’s Record Growth for Robinhood
• Negative Sentiment: Robinhood director Daniel Martin Gallagher, Jr. sold 10,000 shares for approximately $904,200 under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the sale reduces its importance, although insider selling can still weigh modestly on sentiment. SEC Insider Transaction Filing

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Mizuho raised their price target on Robinhood Markets from $115.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. cut their price objective on shares of Robinhood Markets from $113.00 to $92.00 and set a "neutral" rating for the company in a research report on Thursday, April 23rd. Argus increased their price objective on shares of Robinhood Markets from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, June 17th. Cantor Fitzgerald decreased their target price on shares of Robinhood Markets from $130.00 to $115.00 and set an "overweight" rating on the stock in a report on Monday, August 3rd. Finally, Piper Sandler restated an "overweight" rating on shares of Robinhood Markets in a research report on Thursday, July 2nd. Twenty-one equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $120.52.

Insider Activity

In other news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $83.68, for a total value of $836,800.00. Following the completion of the transaction, the insider owned 481,396 shares of the company's stock, valued at approximately $40,283,217.28. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Meyer Malka bought 250,000 shares of the company's stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $80.74 per share, with a total value of $20,185,000.00. Following the acquisition, the director directly owned 3,924,427 shares of the company's stock, valued at approximately $316,858,235.98. The trade was a 6.80% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 680,000 shares of company stock valued at $55,306,560 and have sold 631,263 shares valued at $66,929,157. Insiders own 13.48% of the company's stock.

Robinhood Markets Price Performance

Robinhood Markets stock opened at $93.29 on Friday. 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 market capitalization of $84.01 billion, a P/E ratio of 41.10, a price-to-earnings-growth ratio of 1.78 and a beta of 2.35. The stock has a fifty day moving average of $99.17 and a 200-day moving average of $86.82.

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

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.

Want to see what other hedge funds are holding HOOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report).

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