Robinhood Markets, Inc. $HOOD Stock: EULAV Asset Management Grows Position

Key Points

• EULAV Asset Management increased its Robinhood position by 47.9% in the third quarter, holding 325,342 shares worth approximately $36.6 million. Institutional investors collectively own 93.27% of HOOD.
• Robinhood reported quarterly earnings of $0.62 per share, beating estimates of $0.44, while revenue rose 32.5% year over year to $1.31 billion.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $130.29, though recent insider selling and declining crypto revenue remain potential concerns.

EULAV Asset Management boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 47.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 325,342 shares of the company's stock after purchasing an additional 105,342 shares during the quarter. Robinhood Markets comprises 1.3% of EULAV Asset Management's investment portfolio, making the stock its 27th largest holding. EULAV Asset Management's holdings in Robinhood Markets were worth $36,601,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. increased its stake in Robinhood Markets by 0.4% in the third quarter. Crossmark Global Holdings Inc. now owns 27,405 shares of the company's stock valued at $3,083,000 after purchasing an additional 102 shares during the period. Lake Street Private Wealth LLC boosted its stake in shares of Robinhood Markets by 0.3% during the third quarter. Lake Street Private Wealth LLC now owns 43,899 shares of the company's stock worth $4,939,000 after buying an additional 114 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Robinhood Markets by 11.9% during the second quarter. Parkside Financial Bank & Trust now owns 1,089 shares of the company's stock worth $109,000 after buying an additional 116 shares during the period. Root Financial Partners LLC grew its holdings in shares of Robinhood Markets by 5.4% during the third quarter. Root Financial Partners LLC now owns 2,510 shares of the company's stock worth $282,000 after buying an additional 129 shares during the last quarter. Finally, Brookstone Capital Management increased its position in Robinhood Markets by 2.5% in the 3rd quarter. Brookstone Capital Management now owns 5,230 shares of the company's stock valued at $588,000 after acquiring an additional 129 shares during the period. 93.27% of the stock is owned by hedge funds and other institutional investors.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $95.07 on Monday. The stock has a market capitalization of $85.48 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 1.89 and a beta of 2.35. The business's 50 day moving average is $109.40 and its two-hundred day moving average is $97.40. Robinhood Markets, Inc. has a 12-month low of $63.51 and a 12-month high of $150.47. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.44 by $0.18. Robinhood Markets had a return on equity of 22.43% and a net margin of 42.01%. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period last year, the firm earned $0.42 EPS. The company's quarterly revenue was up 32.5% compared to the same quarter last year. Research analysts expect that Robinhood Markets, Inc. will post 2.19 EPS for the current year.

Robinhood Markets News Summary

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

• Positive Sentiment: Analyst support: Rosenblatt Securities initiated coverage with a Buy rating and a $135 price target, while other analysts have raised price targets or upgraded the shares. The bullish views reflect confidence in Robinhood’s growth prospects and diversified business model. Rosenblatt initiates coverage
• Positive Sentiment: Dubai expansion: Robinhood received authorization to offer stock and cryptocurrency trading in Dubai and plans a Middle Eastern launch in 2027. The move could expand its addressable market and add a new international growth channel. Robinhood Dubai license
• Positive Sentiment: Broader product ecosystem: Robinhood is expanding beyond traditional brokerage through prediction markets, cryptocurrency perpetual futures, tokenized assets and its advisor-services platform. Reported increases in bitcoin, gold and other prediction-market activity could support transaction revenue and customer engagement. Robinhood prediction markets
• Positive Sentiment: Robinhood stock tokens becoming eligible as collateral on Morpho could improve the utility of tokenized securities and strengthen the company’s blockchain strategy. Robinhood stock tokens on Morpho
• Neutral Sentiment: Investors are focused on Robinhood’s third-quarter results, scheduled for October 27. Forecasts emphasize trading activity, net deposits, recurring revenue and crypto volumes as key indicators of whether the company’s multiproduct strategy is translating into sustained earnings growth. Robinhood earnings preview
• Negative Sentiment: Crypto-revenue risk: Robinhood’s crypto revenue reportedly fell 38% year over year to $100 million in the second quarter, marking a third consecutive quarterly decline. A potential rebound in late-quarter activity may not fully offset the weakness. Robinhood crypto revenue
• Negative Sentiment: Director Baiju Bhatt sold 50,912 shares worth approximately $5.16 million under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance, it is not necessarily a signal of deteriorating fundamentals, but it can weigh on sentiment.

Insider Activity

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $113.71, for a total transaction of $1,137,100.00. Following the sale, the insider directly owned 499,943 shares in the company, valued at approximately $56,848,518.53. The trade was a 1.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven M. Quirk sold 24,416 shares of the company's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $120.33, for a total transaction of $2,937,977.28. Following the transaction, the insider directly owned 77,839 shares in the company, valued at approximately $9,366,366.87. This trade represents a 23.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,091,347 shares of company stock valued at $128,447,880 over the last three months. 13.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HOOD shares. Zacks Research raised Robinhood Markets from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 3rd. Scotiabank began coverage on Robinhood Markets in a report on Wednesday, September 2nd. They issued a "sector outperform" rating and a $136.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on Robinhood Markets from $138.00 to $134.00 and set a "buy" rating on the stock in a report on Tuesday, September 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Robinhood Markets in a research note on Monday, September 21st. Finally, Wells Fargo & Company reduced their target price on shares of Robinhood Markets from $125.00 to $120.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $130.29.

About Robinhood Markets

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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