Teacher Retirement System of Texas Acquires 15,244 Shares of Robinhood Markets, Inc. $HOOD

Key Points

• Teacher Retirement System of Texas increased its stake in Robinhood Markets (HOOD) by 13.0% in Q4, buying 15,244 shares to hold 132,254 shares worth about $14.96 million.
• Significant insider selling occurred recently — Director Baiju Bhatt sold 57,261 shares for ~$4.95M and insiders sold 540,476 shares (~$40.3M) over the last quarter, while corporate insiders still own 14.47% of the company.
• News flow is mixed: expansion and analyst interest support upside, but a Wisconsin lawsuit alleging illegal gambling and a JPMorgan price‑target cut to $92 create potential near‑term headwinds.

Teacher Retirement System of Texas boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,254 shares of the company's stock after buying an additional 15,244 shares during the quarter. Teacher Retirement System of Texas' holdings in Robinhood Markets were worth $14,958,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. North Star Investment Management Corp. raised its holdings in Robinhood Markets by 44.9% in the 3rd quarter. North Star Investment Management Corp. now owns 255 shares of the company's stock valued at $37,000 after buying an additional 79 shares during the last quarter. First Command Advisory Services Inc. raised its holdings in Robinhood Markets by 33.8% in the 3rd quarter. First Command Advisory Services Inc. now owns 321 shares of the company's stock valued at $46,000 after buying an additional 81 shares during the last quarter. Evolution Wealth Advisors LLC raised its holdings in Robinhood Markets by 5.2% during the 4th quarter. Evolution Wealth Advisors LLC now owns 1,916 shares of the company's stock worth $217,000 after purchasing an additional 95 shares during the last quarter. ORG Partners LLC raised its holdings in Robinhood Markets by 5.5% during the 3rd quarter. ORG Partners LLC now owns 1,876 shares of the company's stock worth $269,000 after purchasing an additional 97 shares during the last quarter. Finally, CogentBlue Wealth Advisors LLC raised its holdings in Robinhood Markets by 4.1% during the 4th quarter. CogentBlue Wealth Advisors LLC now owns 2,489 shares of the company's stock worth $282,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 93.27% of the company's stock.

Key Stories Impacting Robinhood Markets

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

• Positive Sentiment: Singapore expansion — Robinhood secured in‑principle approval from Singapore regulators to operate a brokerage and is rolling out a Ventures/private-markets initiative that could broaden revenue and product diversity in APAC. Read More.
• Positive Sentiment: Analyst upgrade/market interest — an analyst upgrade and related coverage have driven increased searches and short‑term buying interest, supporting intraday upside. Read More.
• Positive Sentiment: Cantor Fitzgerald bullish call — at least one sell‑side shop remains constructive on HOOD’s medium‑term upside, providing conviction for some investors. Read More.
• Neutral Sentiment: Heightened attention/earnings focus — Zacks and other outlets note heavy investor interest and preview Q1 results due April 28, which is increasing volatility but not providing a clear directional signal. Read More.
• Neutral Sentiment: Earnings preview uncertainty — analysts are split on Q1, so short‑term swings may continue until the earnings release. Read More.
• Negative Sentiment: Regulatory/legal risk — the Wisconsin DOJ sued five prediction‑market operators, including Robinhood, alleging their sports‑based contracts amount to illegal gambling; this introduces legal uncertainty and potential compliance costs. Read More.
• Negative Sentiment: Price-target cut from JPMorgan — JPMorgan trimmed its target (from $113 to $92) and moved to Neutral, which can reduce buy‑side conviction and near‑term upside. Read More.
• Negative Sentiment: Insider selling and lowered expectations — reports of insider sales and some firms (e.g., KeyCorp) lowering forecasts add selling pressure and raise questions about near‑term momentum. Read More. Read More.

Insider Activity at Robinhood Markets

In other news, Director Baiju Bhatt sold 57,261 shares of the firm's stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $86.38, for a total transaction of $4,946,205.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $69.85, for a total transaction of $698,500.00. Following the sale, the insider directly owned 442,849 shares of the company's stock, valued at approximately $30,933,002.65. This trade represents a 2.21% decrease in their position. 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 quarter, insiders have sold 540,476 shares of company stock worth $40,299,967. Corporate insiders own 14.47% of the company's stock.

Robinhood Markets Stock Up 1.4%

Shares of HOOD stock opened at $84.71 on Friday. The company has a market cap of $76.27 billion, a price-to-earnings ratio of 41.12, a price-to-earnings-growth ratio of 2.48 and a beta of 2.46. Robinhood Markets, Inc. has a 52 week low of $45.56 and a 52 week high of $153.86. The firm has a 50 day moving average of $76.06 and a 200-day moving average of $104.55.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The company's quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. Analysts anticipate that Robinhood Markets, Inc. will post 1.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HOOD. Argus began coverage on shares of Robinhood Markets in a report on Friday, January 9th. They set a "buy" rating and a $145.00 price target for the company. Truist Financial lowered their price target on shares of Robinhood Markets from $120.00 to $100.00 and set a "buy" rating for the company in a report on Monday, April 13th. Wall Street Zen lowered shares of Robinhood Markets from a "hold" rating to a "sell" rating in a report on Saturday, February 14th. Citizens Jmp lowered their price target on shares of Robinhood Markets from $180.00 to $155.00 and set a "market outperform" rating for the company in a report on Friday, April 10th. Finally, Barclays lowered their price target on shares of Robinhood Markets from $124.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, April 8th. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $111.08.

About Robinhood Markets

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.

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