State of Michigan Retirement System Invests $29.97 Million in Robinhood Markets, Inc. $HOOD

State of Michigan Retirement System purchased a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD) in the 3rd quarter, Holdings Channel reports. The fund purchased 209,300 shares of the company’s stock, valued at approximately $29,968,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HOOD. Valley National Advisers Inc. boosted its holdings in Robinhood Markets by 113.6% in the third 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. Golden State Wealth Management LLC lifted its position in Robinhood Markets by 107.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Robinhood Markets in the 3rd quarter valued at about $29,000. Guerra Advisors Inc acquired a new stake in shares of Robinhood Markets during the 3rd quarter worth approximately $30,000. Finally, Chung Wu Investment Group LLC bought a new stake in shares of Robinhood Markets during the third quarter worth approximately $34,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Robinhood Markets Stock Up 14.0%

Shares of HOOD stock opened at $82.82 on Friday. Robinhood Markets, Inc. has a 12-month low of $29.66 and a 12-month high of $153.86. The firm has a fifty day moving average of $113.99 and a 200-day moving average of $118.97. The company has a market capitalization of $74.47 billion, a price-to-earnings ratio of 34.37, a P/E/G ratio of 1.13 and a beta of 2.43.

Robinhood Markets (NASDAQ:HOOD) last announced its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.20. The firm 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 company’s revenue for the quarter was up 100.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 EPS. On average, equities analysts expect that Robinhood Markets, Inc. will post 1.35 EPS for the current year.

Insider Transactions at Robinhood Markets

In other news, 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 transaction of $45,611,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeffrey Tsvi Pinner sold 5,864 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $107.48, for a total value of $630,262.72. Following the transaction, the chief technology officer owned 9,133 shares of the company’s stock, valued at approximately $981,614.84. The trade was a 39.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,537,615 shares of company stock valued at $182,272,702. 14.47% of the stock is currently owned by company insiders.

Robinhood Markets News Roundup

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

• Positive Sentiment: Broad market rally helped lift HOOD intraday as Nvidia-led strength boosted risk assets and magnitude of gains for many fintech names. Stock market today: Dow soars 800 points as Nvidia jumps 7%; Robinhood surges (live coverage)
• Positive Sentiment: Analyst upgrade (Seeking Alpha piece) rates HOOD a buy ahead of Q4, citing valuation pullback and diversification into subscriptions, net interest and new products—this narrative supports upside if earnings beat. Robinhood: A Buy Ahead Q4 Earnings (Rating Upgrade)
• Positive Sentiment: Previews from Zacks and others highlight solid equity and options trading that could buoy Q4 results even as crypto lags—this revenue mix reduces single-asset sensitivity and underpins near-term earnings upside. Solid Equity, Options Trading to Aid HOOD Q4 Earnings Amid Crypto Slump
• Positive Sentiment: Stories flag potential new revenue catalysts—possible role on a SpaceX IPO and the opportunity to re-engage high-profile account flows—which could lift deposits/trading activity if realized. Robinhood’s Potential SpaceX IPO Role And Trump Accounts Opportunity
• Neutral Sentiment: Truist lowered its price target to $130 (from $155) but maintained a Buy rating—reduces upside relative to prior targets while still signaling analyst confidence; useful context for target-driven positioning. Analyst price-target note (Benzinga/TickerReport)
• Neutral Sentiment: Analyst-modeling previews (Zacks and others) lay out key metrics—user activity, BTC volumes, net interest and subscriptions—to watch in the Q4 print; these items will determine how much the crypto move affects the actual earnings reaction. What Analyst Projections for Key Metrics Reveal About Robinhood Markets (HOOD) Q4 Earnings
• Negative Sentiment: Falling cryptocurrency prices and weaker prediction-market activity are immediate headwinds for crypto revenue and trading volumes—this is cited as a key reason for recent downward pressure on HOOD. Falling Cryptocurrency Prices and Concerns Surrounding Lower Prediction Market Activity Weighs on Robinhood Markets (HOOD)
• Negative Sentiment: Broad crypto selloff knocked down crypto-exposed fintech peers; Robinhood shares moved lower alongside Coinbase and Circle during the Bitcoin crash—illustrates vulnerability to sharp crypto moves. Robinhood, Coinbase, Circle shares slide after Bitcoin crash
• Negative Sentiment: Recent insider selling (Steven Quirk, Daniel M. Gallagher Jr.) disclosed in Form 4 filings—large reductions in holdings can be perceived negatively by the market. Robinhood Markets (NASDAQ:HOOD) Insider Daniel Martin Gallagher, Jr. Sells 10,000 Shares
• Negative Sentiment: Options-focused commentary highlighted an extended pre-earnings pullback (multi-day losing streak), raising short-term downside risk into the report if results disappoint. Robinhood Stock Eyes 8th Consecutive Loss Before Earnings

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Robinhood Markets in a research note on Wednesday, January 28th. Mizuho lifted their price objective on Robinhood Markets from $145.00 to $172.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Zacks Research lowered Robinhood Markets from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Citizens Jmp raised their target price on Robinhood Markets from $170.00 to $180.00 and gave the stock a “market outperform” rating in a report on Friday, November 7th. Finally, Truist Financial lowered their price target on Robinhood Markets from $155.00 to $130.00 and set a “buy” rating for the company in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.43.

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.