6,426 Robinhood Markets, Inc. $HOOD Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 12.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,628 shares of the company’s stock after buying an additional 6,426 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Robinhood Markets were worth $6,483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. James T. Borello RIA purchased a new position in shares of Robinhood Markets during the 3rd quarter valued at $29,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Robinhood Markets during the second quarter worth $27,000. Continuum Advisory LLC purchased a new stake in shares of Robinhood Markets during the second quarter worth $40,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Robinhood Markets during the first quarter worth $33,000. Finally, Glen Eagle Advisors LLC boosted its position in Robinhood Markets by 100.7% during the first quarter. Glen Eagle Advisors LLC now owns 568 shares of the company’s stock valued at $39,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Robinhood Markets Stock Performance

HOOD opened at $95.07 on Friday. The company has a market cap of $85.48 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 1.92 and a beta of 2.35. The stock has a 50-day moving average of $109.40 and a 200-day moving average of $97.21. Robinhood Markets, Inc. has a 52-week low of $63.51 and a 52-week high of $150.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.22 and a current ratio of 1.22.

Robinhood Markets (NASDAQ:HOOD) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. As a group, equities research analysts forecast that Robinhood Markets, Inc. will post 2.19 earnings per share for the current fiscal year.

Key Robinhood Markets News

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.

Wall Street Analysts Forecast Growth

HOOD has been the topic of a number of research reports. Sanford C. Bernstein restated an “outperform” rating and issued a $160.00 price objective on shares of Robinhood Markets in a report on Tuesday, September 8th. Truist Financial lifted their target price on shares of Robinhood Markets from $130.00 to $134.00 and gave the company a “buy” rating in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Robinhood Markets from $138.00 to $134.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. Barclays boosted their target price on shares of Robinhood Markets from $105.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Finally, Rosenblatt Securities initiated coverage on shares of Robinhood Markets in a research note on Wednesday. They set a “buy” rating and a $135.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Robinhood Markets has an average rating of “Moderate Buy” and an average target price of $130.29.

Insider Transactions at Robinhood Markets

In other Robinhood Markets news, CEO Vladimir Tenev sold 375,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $113.72, for a total transaction of $42,645,000.00. Following the completion of the sale, the chief executive officer owned 375,000 shares of the company’s stock, valued at $42,645,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Oluwadara Treseder sold 1,875 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $125.00, for a total value of $234,375.00. Following the sale, the director directly owned 70,567 shares of the company’s stock, valued at $8,820,875. The trade was a 2.59% 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. In the last quarter, insiders sold 1,091,347 shares of company stock worth $128,447,880. 13.48% of the stock is currently owned by company insiders.

Robinhood Markets Company Profile

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.