Spire Wealth Management Boosts Stock Position in Robinhood Markets, Inc. $HOOD

Spire Wealth Management raised its position in Robinhood Markets, Inc. (NASDAQ:HOOD) by 248.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,435 shares of the company’s stock after purchasing an additional 53,087 shares during the period. Spire Wealth Management’s holdings in Robinhood Markets were worth $10,658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. boosted its position in Robinhood Markets by 120.3% during the second quarter. Hantz Financial Services Inc. now owns 271 shares of the company’s stock worth $25,000 after acquiring an additional 148 shares during the last quarter. Valley National Advisers Inc. raised its holdings in Robinhood Markets by 113.6% in the 3rd quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Smithfield Trust Co purchased a new position in shares of Robinhood Markets during the 2nd quarter worth $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Robinhood Markets during the second quarter worth $34,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Robinhood Markets in the second quarter valued at $36,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HOOD has been the topic of several recent analyst reports. JMP Securities increased their target price on Robinhood Markets from $130.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 9th. Dbs Bank upgraded shares of Robinhood Markets to a “moderate buy” rating in a report on Wednesday, November 12th. Mizuho raised their target price on shares of Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Bank of America dropped their price target on shares of Robinhood Markets from $166.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Finally, Compass Point reiterated a “buy” rating on shares of Robinhood Markets in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.80.

Robinhood Markets News Summary

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

• Positive Sentiment: Zacks includes HOOD on a short list of “momentum” stocks to buy for January, highlighting continued investor interest in shares tied to post‑December momentum. 5 Momentum Stocks to Buy for January After a Mixed December
• Positive Sentiment: Zacks also names HOOD among three crypto‑centric stocks to consider as Bitcoin rebounds, reinforcing a thesis that crypto market strength could boost Robinhood’s trading volumes and revenue. 3 Crypto-Centric Stocks to Boost Your Portfolio Before Next Bitcoin Rally
• Neutral Sentiment: Market note: Zacks summarized recent price action noting HOOD “dipped while the market gained,” which is a short‑term datapoint investors use alongside news flow and technicals. Robinhood Markets, Inc. (HOOD) Stock Dips While Market Gains: Key Facts
• Negative Sentiment: Zacks Research downgraded HOOD from “strong‑buy” to “hold,” which can weigh on momentum investors and prompt some rebalancing away from the name. Zacks.com TickerReport Coverage
• Negative Sentiment: Native American groups have escalated legal action against Robinhood and Kalshi, introducing litigation risk and potential regulatory/legal costs that can hurt sentiment. Native American groups escalate legal fight against Robinhood, Kalshi – report
• Negative Sentiment: Significant insider selling: CEO Vladimir Tenev sold 375,000 shares (~$45.6M at ~$121.63 avg), CTO Jeffrey Pinner sold 5,864 shares, and another senior insider sold 10,000 shares — large disclosed sales that often pressure sentiment even if preplanned. SEC filings: CEO Form 4 CTO Form 4 Other Insider Form 4

Insider Buying and Selling

In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 120,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $132.13, for a total transaction of $15,855,600.00. Following the transaction, the insider owned 430,012 shares in the company, valued at $56,817,485.56. The trade was a 21.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $121.63, for a total value of $45,611,250.00. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 3,296,763 shares of company stock valued at $414,016,996. 14.47% of the stock is owned by company insiders.

Robinhood Markets Stock Performance

NASDAQ HOOD opened at $116.97 on Thursday. The firm has a market capitalization of $105.18 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 1.84 and a beta of 2.44. Robinhood Markets, Inc. has a one year low of $29.66 and a one year high of $153.86. The company’s 50 day moving average price is $124.40 and its 200 day moving average price is $117.77.

Robinhood Markets (NASDAQ:HOOD) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.20. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.15 billion. Robinhood Markets had a net margin of 52.19% and a return on equity of 21.74%. The business’s quarterly revenue was up 100.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 earnings per share. Sell-side analysts forecast that Robinhood Markets, Inc. will post 1.35 EPS 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.