Principal Financial Group Inc. Has $100.66 Million Stock Holdings in Robinhood Markets, Inc. $HOOD

Key Points

• Principal Financial Group raised its Robinhood stake by 7% in Q4 to 890,006 shares, valued at about $100.66 million, representing roughly 0.10% of the company.
• Robinhood's Q1 results missed estimates — EPS $0.38 vs. $0.39 and revenue $1.07B vs. $1.14B — with a crypto revenue slump cited as a driver of recent weakness and near‑term earnings uncertainty.
• Insiders sold about 487,907 shares (~$35.4 million) over the past three months, including sales by the CTO and co‑founder Baiju Bhatt, while insiders still hold 14.47% and institutions own 93.27% of the stock.

Principal Financial Group Inc. grew its stake in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 890,006 shares of the company's stock after buying an additional 58,540 shares during the period. Principal Financial Group Inc. owned 0.10% of Robinhood Markets worth $100,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC grew its holdings in Robinhood Markets by 152.6% in the fourth quarter. Sound Income Strategies LLC now owns 240 shares of the company's stock worth $26,000 after purchasing an additional 145 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Robinhood Markets by 107.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company's stock worth $27,000 after purchasing an additional 99 shares in the last quarter. Godsey & Gibb Inc. acquired a new stake in shares of Robinhood Markets in the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC grew its stake in shares of Robinhood Markets by 90.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 268 shares of the company's stock valued at $28,000 after buying an additional 127 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Robinhood Markets in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 93.27% of the company's stock.

Robinhood Markets Stock Performance

NASDAQ:HOOD opened at $79.05 on Thursday. Robinhood Markets, Inc. has a 52 week low of $48.32 and a 52 week high of $153.86. The firm has a 50-day moving average price of $76.38 and a two-hundred day moving average price of $101.36. The firm has a market cap of $71.17 billion, a price-to-earnings ratio of 38.19, a price-to-earnings-growth ratio of 2.52 and a beta of 2.29.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.14 billion. Robinhood Markets had a net margin of 41.12% and a return on equity of 21.39%. The business's revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share. As a group, sell-side analysts forecast that Robinhood Markets, Inc. will post 1.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

HOOD has been the topic of several recent research reports. KeyCorp cut their price target on Robinhood Markets from $120.00 to $110.00 and set an "overweight" rating on the stock in a report on Tuesday, April 21st. Jefferies Financial Group lowered their target price on Robinhood Markets from $88.00 to $84.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Robinhood Markets in a research report on Friday, March 27th. Barclays decreased their price target on shares of Robinhood Markets from $89.00 to $82.00 and set an "overweight" rating for the company in a research note on Wednesday, April 29th. Finally, Mizuho lifted their price objective on shares of Robinhood Markets from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, April 20th. Eighteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Robinhood Markets currently has an average rating of "Moderate Buy" and a consensus target price of $107.88.

Insider Transactions at Robinhood Markets

In related news, CTO Jeffrey Tsvi Pinner sold 5,835 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $69.85, for a total transaction of $407,574.75. Following the completion of the transaction, the chief technology officer owned 18,006 shares in the company, valued at approximately $1,257,719.10. This represents a 24.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Baiju Bhatt sold 57,261 shares of Robinhood Markets stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $86.38, for a total transaction of $4,946,205.18. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 487,907 shares of company stock worth $35,444,040. Company insiders own 14.47% of the company's stock.

Trending Headlines about Robinhood Markets

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

• Positive Sentiment: Robinhood’s new Ventures Fund I drew more than 150,000 retail investors at IPO, signaling strong consumer demand for products that give retail access to private-company exposure — a potential new recurring-fee and assets-under-management growth channel. Robinhood's venture fund IPO attracted 150,000+ retail investors, CEO says
• Positive Sentiment: Robinhood reports the same Ventures Fund milestone across outlets and highlights the democratization narrative, which can boost brand momentum and cross-sell opportunities. Robinhood Opens Private Markets to 150,000 Retail Investors
• Positive Sentiment: Regulatory in‑principle approval to offer brokerage services in Singapore opens a large APAC market and gives Robinhood a foothold for international customer acquisition and product expansion. Robinhood (HOOD) Receives In-Principle Approval to Launch Brokerage Services in Singapore
• Neutral Sentiment: CEO Vlad Tenev’s bullish statements on prediction markets and retail engagement (media appearances and earnings commentary) underscore strategic diversification, but commercialization scale and monetization timelines remain uncertain. Robinhood CEO issues bold outlook on prediction markets business
• Neutral Sentiment: Competitive pressure in crypto trading is rising as legacy financial firms and exchanges roll out new products that could win market share; impact depends on Robinhood’s ability to defend trading volumes and fees. 91-year-old Wall Street bank to challenge Coinbase, Robinhood
• Negative Sentiment: Recent Q1 results revealed a crypto revenue slump and a revenue miss vs. estimates, which drove a sharp selloff earlier this month and keeps near-term earnings growth uncertain until trading activity stabilizes. ETFs to Watch as HOOD Lags Q1 Earnings Amid Crypto Trading Slump
• Negative Sentiment: An insider sold 10,000 shares under a pre-arranged 10b5-1 plan; while disclosed as planned, insider sales can be perceived negatively by some investors. Insider sale: Daniel Martin Gallagher, Jr. SEC filing

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.