Chevy Chase Trust Holdings LLC Acquires Shares of 395,108 Robinhood Markets, Inc. $HOOD

Chevy Chase Trust Holdings LLC acquired a new stake in Robinhood Markets, Inc. (NASDAQ:HOOD) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 395,108 shares of the company’s stock, valued at approximately $56,572,000.

A number of other institutional investors have also modified their holdings of the business. Clear Street Group Inc. purchased a new stake in Robinhood Markets in the 3rd quarter valued at $241,200,000. Ausdal Financial Partners Inc. grew its position in Robinhood Markets by 44.6% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 6,395 shares of the company’s stock worth $916,000 after purchasing an additional 1,971 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in Robinhood Markets by 862.7% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 188,832 shares of the company’s stock worth $27,022,000 after purchasing an additional 169,218 shares during the last quarter. California Public Employees Retirement System increased its stake in Robinhood Markets by 9.3% in the third quarter. California Public Employees Retirement System now owns 1,377,929 shares of the company’s stock valued at $197,292,000 after purchasing an additional 116,744 shares during the period. Finally, Bank of Nova Scotia increased its stake in Robinhood Markets by 3,321.4% in the third quarter. Bank of Nova Scotia now owns 728,492 shares of the company’s stock valued at $104,305,000 after purchasing an additional 707,200 shares during the period. 93.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HOOD has been the subject of several recent research reports. Truist Financial decreased their target price on shares of Robinhood Markets from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Barclays dropped their price target on Robinhood Markets from $159.00 to $124.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Wall Street Zen downgraded Robinhood Markets from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. KeyCorp decreased their price objective on Robinhood Markets from $160.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday, February 9th. Finally, Needham & Company LLC lowered their target price on Robinhood Markets from $135.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.59.

Insiders Place Their Bets

In related news, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of Robinhood Markets stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $121.58, for a total value of $1,215,800.00. Following the sale, the insider directly owned 403,612 shares in the company, valued at $49,071,146.96. The trade was a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven M. Quirk sold 52,540 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $87.81, for a total value of $4,613,537.40. Following the transaction, the insider directly owned 27,564 shares in the company, valued at $2,420,394.84. This represents a 65.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 475,132 shares of company stock worth $55,127,149. Company insiders own 19.95% of the company’s stock.

More Robinhood Markets News

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

• Positive Sentiment: February operating metrics show rising engagement: Robinhood reported year-over-year increases in equity and options DARTs and a 68% YoY surge in platform assets to $314.2B, driven by strong deposits and higher trading activity — a signal of durable customer demand and monetization potential. Read More.
• Positive Sentiment: Prediction markets and “SuperApp” strategy are contributing incremental revenue: MarketBeat highlights that prediction-markets revenue is annualizing at about $435M and is embedded in a broader $4.5B revenue base — supporting upside to revenue diversification and long-term growth. Read More.
• Positive Sentiment: Recent quarterly results remained solid: management reported record revenue and EPS beats (referenced in the MarketBeat coverage), reinforcing the case that RH is expanding revenue streams while maintaining profitability metrics. Read More.
• Neutral Sentiment: Analyst price-target reset but upbeat rating: Mizuho trimmed its HOOD PT from $135 to $110 but kept an “outperform” call — the lower target can cap near-term upside while the rating still signals continued analyst conviction. Read More.
• Neutral Sentiment: Market coverage and idea pieces highlight HOOD as a thematic play (prediction markets, retail trading) but note the stock has been volatile and down YTD — themes that attract interest but also keep sentiment mixed. Read More.
• Negative Sentiment: Competitive and valuation pressure vs. larger brokers: comparative analyses (HOOD vs IBKR) argue Interactive Brokers’ diversification and lower valuation may make it the steadier choice if crypto/trading volumes waver — a relative-risk narrative that can weigh on HOOD multiple. Read More.
• Negative Sentiment: Volatility and drawdown risk highlighted: a Forbes analysis reminds investors that HOOD has experienced large drawdowns in systemic shocks (~-37% average), underscoring the stock’s sensitivity to market stress and crypto turbulence. That risk premium can pressure the share price in uncertain markets. Read More.

Robinhood Markets Stock Down 3.6%

Shares of Robinhood Markets stock opened at $73.39 on Monday. Robinhood Markets, Inc. has a 52-week low of $29.66 and a 52-week high of $153.86. The company’s 50-day simple moving average is $91.33 and its 200-day simple moving average is $113.87. The firm has a market cap of $66.07 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 1.66 and a beta of 2.47.

Robinhood Markets (NASDAQ:HOOD) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. Equities research analysts anticipate that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Robinhood Markets 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.